Goldman Sachs Correlations

GISTX Fund

USD 35.91 0.49 1.38%

The current 90-days correlation between Goldman Sachs Technology and Transamerica Cleartrack Retirement is 0.14 (i.e., Average 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

Modest diversification

The correlation between Goldman Sachs Technology and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Technology 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 Technology. 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 estimate.

Moving together with Goldman Mutual Fund

0.62	EACO	Eaco Corp Tech Boost	Pair Corr
0.87	FUJIY	FUJIFILM Holdings Corp	Pair Corr

Moving against Goldman Mutual Fund

0.67	FOXX	Foxx Development Holdings Downward Rally	Pair Corr
0.62	EVOL	Evolving Systems	Pair Corr
0.62	FAASW	DigiAsia Corp Symbol Change	Pair Corr
0.58	DLPX	Delphax Technologies	Pair Corr
0.56	VHAI	VHAI	Pair Corr
0.5	VEEA	Veea Inc Symbol Change	Pair Corr
0.47	VIDE	Video Display Earnings Call This Week	Pair Corr
0.36	SBIGW	SpringBig Holdings	Pair Corr
0.66	WCT	Wellchange Holdings	Pair Corr
0.65	VEEAW	Veea Inc Symbol Change	Pair Corr
0.59	MINM	Minim Inc	Pair Corr
0.53	GETR	Getaround	Pair Corr
0.38	ZPTAW	Zapata Computing Holdings	Pair Corr
0.38	KBNT	Kubient	Pair Corr
0.37	ZPTA	Zapata Computing Holdings Symbol Change	Pair Corr

Related Correlations Analysis

	TCTZX	JLMOX	PAKJX	WMBFX	TDIFX	SIRZX	VRRJX	JTMIX
TCTZX		0.88	0.85	0.98	0.86	0.94	0.88	0.88	TCTZX
JLMOX	0.88		0.87	0.86	0.98	0.91	0.97	1.0	JLMOX
PAKJX	0.85	0.87		0.82	0.81	0.81	0.94	0.88	PAKJX
WMBFX	0.98	0.86	0.82		0.85	0.95	0.87	0.86	WMBFX
TDIFX	0.86	0.98	0.81	0.85		0.88	0.95	0.98	TDIFX
SIRZX	0.94	0.91	0.81	0.95	0.88		0.88	0.91	SIRZX
VRRJX	0.88	0.97	0.94	0.87	0.95	0.88		0.98	VRRJX
JTMIX	0.88	1.0	0.88	0.86	0.98	0.91	0.98		JTMIX
	TCTZX	JLMOX	PAKJX	WMBFX	TDIFX	SIRZX	VRRJX	JTMIX

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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
TCTZX	0.27	(0.02)	0.00	(0.49)	0.00	0.00	0.61	(0.61)	1.95
JLMOX	0.29	(0.03)	0.00	(0.12)	0.00	0.00	0.64	(0.64)	2.20
PAKJX	0.54	(0.02)	(0.03)	(0.03)	0.87	(0.51)	1.10	(1.51)	4.53
WMBFX	0.33	(0.02)	0.00	(0.49)	0.00	0.00	0.59	(0.68)	2.72
TDIFX	0.16	(0.02)	0.00	(0.23)	0.00	0.00	0.35	(0.43)	1.30
SIRZX	0.27	(0.02)	0.00	(0.47)	0.00	0.00	0.58	(0.48)	2.40
VRRJX	0.40	(0.03)	0.00	(0.10)	0.00	0.00	0.74	(0.74)	3.25
JTMIX	0.26	(0.02)	0.00	(0.12)	0.00	0.00	0.49	(0.57)	1.95

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