Goldman Sachs Correlations

GLPIX Fund

USD 41.20 0.73 1.80%

The current 90-days correlation between Goldman Sachs Mlp and Us Large Pany is 0.5 (i.e., Very weak 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 Mlp and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Mlp 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 Mlp. 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

0.65	GISTX	Goldman Sachs Technology	Pair Corr
0.75	GMBPX	Goldman Sachs Short	Pair Corr
0.95	TORCX	Tortoise Mlp Pipeline	Pair Corr
1.0	MLPTX	Oppenheimer Steelpath Mlp	Pair Corr
1.0	OSPSX	Oppenheimer Steelpath Mlp	Pair Corr
0.96	MLPZX	Oppenheimer Steelpath Mlp	Pair Corr
0.99	OSPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.99	MLPDX	Oppenheimer Steelpath Mlp	Pair Corr
0.99	MLPRX	Oppenheimer Steelpath Mlp	Pair Corr
1.0	GMLPX	Goldman Sachs Mlp	Pair Corr
1.0	GLPRX	Goldman Sachs Mlp	Pair Corr
0.76	LFRIX	Floating Rate	Pair Corr
0.78	AGTHX	Growth Fund	Pair Corr
0.81	APWEX	World Energy	Pair Corr
0.64	DFEOX	Us E Equity	Pair Corr
0.75	SSAGX	Virtus Seix Government	Pair Corr
0.75	LGANX	Loomis Sayles Limited	Pair Corr
0.74	LALDX	Lord Abbett Short	Pair Corr
0.61	ARTNX	Artisan Select Equity	Pair Corr

Moving against Goldman Mutual Fund

0.46	GAAGX	Gmo Alternative Allo	Pair Corr
0.45	GAAKX	Gmo Alternative Allo	Pair Corr

Related Correlations Analysis

	DFUSX	RETSX	TRBCX	RHSAX	GGRYX	PBLIX	HBACX
DFUSX		0.96	0.91	0.62	0.7	0.64	0.89	DFUSX
RETSX	0.96		0.79	0.7	0.84	0.79	0.95	RETSX
TRBCX	0.91	0.79		0.46	0.4	0.33	0.7	TRBCX
RHSAX	0.62	0.7	0.46		0.73	0.72	0.74	RHSAX
GGRYX	0.7	0.84	0.4	0.73		0.99	0.92	GGRYX
PBLIX	0.64	0.79	0.33	0.72	0.99		0.88	PBLIX
HBACX	0.89	0.95	0.7	0.74	0.92	0.88		HBACX
	DFUSX	RETSX	TRBCX	RHSAX	GGRYX	PBLIX	HBACX

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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
DFUSX	0.61	0.03	(0.03)	0.18	0.85	(0.62)	1.24	(1.46)	5.45
RETSX	0.58	0.02	(0.04)	0.15	0.79	(0.61)	1.19	(1.46)	5.40
TRBCX	0.89	0.07	0.01	0.31	1.06	(0.94)	1.78	(2.18)	5.70
RHSAX	1.14	0.04	(0.03)	(0.88)	1.80	(1.15)	2.22	(3.23)	9.80
GGRYX	0.42	(0.02)	(0.12)	0.03	0.58	(0.46)	0.86	(0.76)	3.17
PBLIX	0.51	(0.02)	(0.09)	0.04	0.75	(0.50)	1.06	(1.24)	3.61
HBACX	0.37	0.01	(0.10)	0.12	0.55	(0.37)	0.79	(0.70)	2.93

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