Goldman Sachs Correlations

GFVSX Fund

USD 17.50 0.18 1.04%

The current 90-days correlation between Goldman Sachs Focused and Delaware Limited Term Diversified is -0.06 (i.e., Good diversification). 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 Sachs Correlation With Market

Almost no diversification

The correlation between Goldman Sachs Focused and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Focused and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goldman Sachs Focused. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Goldman Mutual Fund

0.9	GLECX	Goldman Sachs Mlp	Pair Corr
0.98	GMYPX	Goldman Sachs Large	Pair Corr
0.91	VVIAX	Vanguard Value Index	Pair Corr
0.94	DOXGX	Dodge Cox Stock	Pair Corr
0.87	AFMFX	American Mutual	Pair Corr
0.84	FFMMX	American Funds American	Pair Corr
0.84	FFFMX	American Funds American	Pair Corr
0.87	AMRMX	American Mutual	Pair Corr
0.83	AMFFX	American Mutual	Pair Corr
0.82	AMFCX	American Mutual	Pair Corr
0.97	DODGX	Dodge Stock Fund	Pair Corr
0.95	VIVAX	Vanguard Value Index	Pair Corr
0.87	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.87	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.87	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.87	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.78	HD	Home Depot	Pair Corr
0.89	BAC	Bank of America Aggressive Push	Pair Corr
0.91	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.84	HPQ	HP Inc	Pair Corr
0.78	T	ATT Inc Aggressive Push	Pair Corr
0.93	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.97	CSCO	Cisco Systems	Pair Corr
0.97	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.87	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr

Moving against Goldman Mutual Fund

0.58	BTMPX	Ishares Msci Eafe	Pair Corr
0.58	MDIIX	Blackrock Intern Index	Pair Corr
0.55	BTMKX	Blackrock International	Pair Corr
0.31	FMFFX	Fs Managed Futures	Pair Corr
0.85	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.77	KO	Coca Cola Aggressive Push	Pair Corr
0.77	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.76	JNJ	Johnson Johnson Sell-off Trend	Pair Corr

Related Correlations Analysis

	DTICX	LIGFX	OPTCX	VSTCX	USCAX	TWBIX	ABVCX
DTICX		0.33	0.03	-0.12	-0.12	0.19	-0.05	DTICX
LIGFX	0.33		0.8	0.82	0.74	0.84	0.76	LIGFX
OPTCX	0.03	0.8		0.9	0.82	0.76	0.98	OPTCX
VSTCX	-0.12	0.82	0.9		0.88	0.69	0.89	VSTCX
USCAX	-0.12	0.74	0.82	0.88		0.78	0.85	USCAX
TWBIX	0.19	0.84	0.76	0.69	0.78		0.77	TWBIX
ABVCX	-0.05	0.76	0.98	0.89	0.85	0.77		ABVCX
	DTICX	LIGFX	OPTCX	VSTCX	USCAX	TWBIX	ABVCX

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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

ABVCX	+ 0.98	OPTCX
VSTCX	+ 0.9	OPTCX
ABVCX	+ 0.89	VSTCX
USCAX	+ 0.88	VSTCX
ABVCX	+ 0.85	USCAX
TWBIX	+ 0.84	LIGFX

High negative correlations

USCAX	- 0.12	DTICX
VSTCX	- 0.12	DTICX
ABVCX	- 0.05	DTICX

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
DTICX	0.08	0.00	(0.65)	(0.86)	0.05	(0.14)	0.13	(0.13)	0.64
LIGFX	0.25	(0.01)	(0.26)	0.06	0.23	(0.29)	0.62	(0.50)	1.31
OPTCX	0.16	0.04	(0.32)	1.34	0.00	(0.24)	0.41	(0.21)	1.07
VSTCX	0.87	0.00	0.05	0.10	0.85	(0.97)	2.14	(1.52)	6.89
USCAX	0.93	0.08	(0.01)	0.98	0.94	(1.12)	2.26	(1.70)	7.45
TWBIX	0.37	0.02	(0.16)	(1.03)	0.47	(0.39)	0.78	(0.92)	2.38
ABVCX	0.53	0.12	0.03	(2.73)	0.31	(0.66)	1.09	(0.80)	3.88

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