Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Growth
GGOCX Fund  USD 23.79  0.17  0.71%   
The current 90-days correlation between Goldman Sachs Growth and T Rowe Price is 0.8 (i.e., Very poor 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

Poor diversification

The correlation between Goldman Sachs Growth and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Growth 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 Growth. 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 main economic indicators.

Moving together with GOLDMAN Mutual Fund

  0.94GCGIX Goldman Sachs LargePairCorr
  0.93GCSIX Goldman Sachs SmallPairCorr
  0.95GCVIX Goldman Sachs LargePairCorr
  0.97GSPIX Goldman Sachs CapitalPairCorr
  0.87GSXPX Goldman Sachs SmallPairCorr
  0.92PAMCX T Rowe PricePairCorr
  0.92RRMGX T Rowe PricePairCorr
  0.93TRQZX T Rowe PricePairCorr
  0.92RPMGX T Rowe PricePairCorr
  0.96PRJIX T Rowe PricePairCorr
  0.96PRNHX T Rowe PricePairCorr
  0.96TRUZX T Rowe PricePairCorr
  0.98PCBIX Midcap Fund InstitutionalPairCorr
  0.98PEMGX Midcap Fund ClassPairCorr
  0.97PMBCX Midcap Fund ClassPairCorr
  0.91DXQLX Direxion Monthly NasdaqPairCorr
  0.91RYVLX Nasdaq 100 2xPairCorr
  0.91RYVYX Nasdaq 100 2xPairCorr
  0.9UOPIX Ultra Nasdaq 100PairCorr
  0.91RYCCX Nasdaq 100 2xPairCorr
  0.9UOPSX Ultranasdaq 100 ProfundPairCorr
  0.99INPIX Internet UltrasectorPairCorr
  0.99INPSX Internet UltrasectorPairCorr
  0.75CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr

Moving against GOLDMAN Mutual Fund

  0.84GCEBX Goldman Sachs CleanPairCorr
  0.84GCEDX Goldman Sachs CleanPairCorr
  0.84GCEEX Goldman Sachs CleanPairCorr
  0.84GCEGX Goldman Sachs CleanPairCorr
  0.84GCEJX Goldman Sachs CleanPairCorr
  0.83GCEPX Goldman Sachs CleanPairCorr
  0.82GIDAX Goldman Sachs InternPairCorr
  0.78GCIIX Goldman Sachs InternPairCorr
  0.56GMSSX Goldman Sachs ManagedPairCorr
  0.47GDICX Goldman Sachs ShortPairCorr
  0.86KO Coca Cola Aggressive PushPairCorr
  0.8PFE Pfizer Inc Aggressive PushPairCorr
  0.7BA Boeing Fiscal Year End 29th of January 2025 PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
PAMCX  0.60 (0.01)(0.02) 0.12  0.67 
(0.60)
 1.52 
(1.34)
 4.09 
RRMGX  0.60 (0.01)(0.03) 0.12  0.67 
(0.61)
 1.51 
(1.34)
 4.09 
TRQZX  0.60  0.00 (0.02) 0.12  0.66 
(0.60)
 1.53 
(1.33)
 4.08 
RPMGX  0.60 (0.01)(0.02) 0.12  0.68 
(0.62)
 1.52 
(1.34)
 4.09 
PRJIX  0.76  0.04  0.05  0.16  0.98 
(0.80)
 1.79 
(1.28)
 6.84 
PRNHX  0.76  0.04  0.05  0.16  0.96 
(0.80)
 1.80 
(1.29)
 6.84 
TRUZX  0.76  0.04  0.05  0.16  0.98 
(0.80)
 1.79 
(1.29)
 6.84 
PCBIX  0.63  0.04  0.05  0.17  0.57 
(0.70)
 1.41 
(1.23)
 4.44 
PEMGX  0.63  0.04  0.05  0.17  0.57 
(0.70)
 1.43 
(1.24)
 4.44 
PMBCX  0.63  0.04  0.04  0.17  0.58 
(0.70)
 1.41 
(1.21)
 4.44 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY