Goldman Sachs Correlations
The correlation of Goldman Sachs is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Goldman |
Moving together with Goldman Mutual Fund
| 0.87 | VBIRX | Vanguard Short Term | PairCorr |
| 0.78 | VFSUX | Vanguard Short Term | PairCorr |
| 0.94 | VFSIX | Vanguard Short Term | PairCorr |
| 0.93 | VFSTX | Vanguard Short Term | PairCorr |
| 0.93 | VBITX | Vanguard Short Term | PairCorr |
| 0.94 | VBISX | Vanguard Short Term | PairCorr |
| 0.63 | LALDX | Lord Abbett Short | PairCorr |
| 0.92 | VSCSX | Vanguard Short Term | PairCorr |
| 0.67 | LDLAX | Lord Abbett Short | PairCorr |
| 0.61 | LDLRX | Lord Abbett Short | PairCorr |
| 0.79 | XDSMX | Dreyfus Strategic | PairCorr |
| 0.82 | XNXJX | Nuveen New Jersey | PairCorr |
| 0.75 | NXJ | Nuveen New Jersey | PairCorr |
| 0.84 | XNBHX | Neuberger Berman Int | PairCorr |
| 0.7 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.64 | VZ | Verizon Communications Sell-off Trend | PairCorr |
| 0.62 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
Moving against Goldman Mutual Fund
| 0.45 | XNKGX | Nuveen Georgia Quality | PairCorr |
| 0.45 | XPPRX | Voya Prime Rate | PairCorr |
| 0.69 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.62 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.57 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.54 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.53 | HPQ | HP Inc | PairCorr |
| 0.46 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.42 | AMGIX | Income Growth | PairCorr |
| 0.4 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.4 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Goldman Mutual Fund performing well and Goldman Sachs Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Goldman Sachs' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GCEHX | 0.73 | (0.08) | 0.00 | 1.63 | 0.00 | 1.49 | 3.60 | |||
| GTVJX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GTVMX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GTVOX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GTVSX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GTZFX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GTZHX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GTZJX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GCGXX | 0.03 | 0.00 | 0.00 | 0.43 | 0.00 | 0.00 | 1.01 |