Goldman Sachs Correlations

Mutual Funds USA . 
Fund . Goldman Sachs International
GICIX Fund  USD 13.04  0.20  1.56%   
The current 90-days correlation between Goldman Sachs Intern and Jp Morgan Smartretirement 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

Very weak diversification

The correlation between Goldman Sachs International and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs International 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 International. 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 gross domestic product.

Moving together with Goldman Mutual Fund

  0.79GCGVX Goldman Sachs DynamicPairCorr
  0.79GCFCX Goldman Sachs EPairCorr
  0.82GCFIX Goldman Sachs EPairCorr
  0.83GCFUX Goldman Sachs EPairCorr
  0.87GCICX Goldman Sachs InternPairCorr
  0.9GCIIX Goldman Sachs InternPairCorr
  0.88GCIRX Goldman Sachs InternPairCorr
  0.89GCISX Goldman Sachs InternPairCorr
  0.88GCITX Goldman Sachs InternPairCorr
  0.89GCIUX Goldman Sachs InternPairCorr
  0.88GCIAX Goldman Sachs InternPairCorr
  0.64GCLLX Goldman Sachs FlexiblePairCorr
  0.89GCMDX Goldman Sachs LocalPairCorr
  0.85GCRTX Goldman Sachs AbsolutePairCorr
  0.79GCTAX Goldman Sachs TaxPairCorr
  0.78GCTCX Goldman Sachs TaxPairCorr
  0.8GCTIX Goldman Sachs TaxPairCorr
  0.97GCTMX Goldman Sachs InternPairCorr
  0.8GCTRX Goldman Sachs TaxPairCorr
  0.79GCTSX Goldman Sachs TaxPairCorr

Related Correlations Analysis

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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.

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