Goldman Sachs Correlations

GMLPX Fund

USD 40.22 0.37 0.91%

The current 90-days correlation between Goldman Sachs Mlp and Goldman Sachs Clean is -0.03 (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

Very weak diversification

The correlation between Goldman Sachs Mlp and DJI is 0.5 (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 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 american community survey.

Moving together with Goldman Mutual Fund

0.97	GLECX	Goldman Sachs Mlp	Pair Corr
0.8	GMYPX	Goldman Sachs Large	Pair Corr
0.96	TORCX	Tortoise Mlp Pipeline	Pair Corr
0.98	MLPTX	Oppenheimer Steelpath Mlp	Pair Corr
0.98	OSPSX	Oppenheimer Steelpath Mlp	Pair Corr
0.98	MLPZX	Oppenheimer Steelpath Mlp	Pair Corr
0.98	OSPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.98	MLPDX	Oppenheimer Steelpath Mlp	Pair Corr
0.98	MLPRX	Oppenheimer Steelpath Mlp	Pair Corr
1.0	GLPIX	Goldman Sachs Mlp	Pair Corr
1.0	GLPRX	Goldman Sachs Mlp	Pair Corr
0.81	VTSAX	Vanguard Total Stock	Pair Corr
0.78	VFIAX	Vanguard 500 Index	Pair Corr
0.81	VTSMX	Vanguard Total Stock	Pair Corr
0.81	VSMPX	Vanguard Total Stock	Pair Corr
0.81	VSTSX	Vanguard Total Stock	Pair Corr
0.81	VITSX	Vanguard Total Stock	Pair Corr
0.78	VFINX	Vanguard 500 Index	Pair Corr
0.78	VFFSX	Vanguard 500 Index	Pair Corr
0.8	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.75	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.67	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.92	DIS	Walt Disney Aggressive Push	Pair Corr
0.75	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.69	T	ATT Inc Sell-off Trend	Pair Corr
0.85	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.74	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.86	WMT	Walmart Aggressive Push	Pair Corr

Moving against Goldman Mutual Fund

0.75	GCEBX	Goldman Sachs Clean	Pair Corr
0.83	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.81	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.69	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.42	VGTSX	Vanguard Total Inter	Pair Corr
0.42	VTIAX	Vanguard Total Inter	Pair Corr

Related Correlations Analysis

	GCEBX	GCEDX	GCEEX	GCEGX	GCEJX	GCEPX	GCGAX	GCGCX	GCGIX	GCGUX
GCEBX		1.0	1.0	1.0	1.0	1.0	0.0	0.0	-0.69	0.0	GCEBX
GCEDX	1.0		1.0	1.0	1.0	1.0	0.0	0.0	-0.69	0.0	GCEDX
GCEEX	1.0	1.0		1.0	1.0	1.0	0.0	0.0	-0.69	0.0	GCEEX
GCEGX	1.0	1.0	1.0		1.0	1.0	0.0	0.0	-0.69	0.0	GCEGX
GCEJX	1.0	1.0	1.0	1.0		1.0	0.0	0.0	-0.69	0.0	GCEJX
GCEPX	1.0	1.0	1.0	1.0	1.0		0.0	0.0	-0.69	0.0	GCEPX
GCGAX	0.0	0.0	0.0	0.0	0.0	0.0		-1.0	0.0	1.0	GCGAX
GCGCX	0.0	0.0	0.0	0.0	0.0	0.0	-1.0		0.0	-1.0	GCGCX
GCGIX	-0.69	-0.69	-0.69	-0.69	-0.69	-0.69	0.0	0.0		0.0	GCGIX
GCGUX	0.0	0.0	0.0	0.0	0.0	0.0	1.0	-1.0	0.0		GCGUX
	GCEBX	GCEDX	GCEEX	GCEGX	GCEJX	GCEPX	GCGAX	GCGCX	GCGIX	GCGUX

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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

GCEDX	+ 1.0	GCEBX
GCEEX	+ 1.0	GCEBX
GCEGX	+ 1.0	GCEBX
GCEJX	+ 1.0	GCEBX
GCEPX	+ 1.0	GCEBX
GCEEX	+ 1.0	GCEDX

High negative correlations

GCGUX	- 1.0	GCGCX
GCGCX	- 1.0	GCGAX
GCGIX	- 0.69	GCEPX
GCGIX	- 0.69	GCEJX
GCGIX	- 0.69	GCEGX
GCGIX	- 0.69	GCEEX

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
GCEBX	0.75	(0.10)	0.00	0.73	0.00	0.00	1.36	(1.75)	8.34
GCEDX	0.76	(0.10)	0.00	0.78	0.00	0.00	1.36	(1.75)	8.22
GCEEX	0.75	(0.10)	0.00	0.70	0.00	0.00	1.36	(1.75)	8.22
GCEGX	0.76	(0.11)	0.00	0.71	0.00	0.00	1.37	(1.66)	8.28
GCEJX	0.76	(0.10)	0.00	0.76	0.00	0.00	1.36	(1.75)	8.23
GCEPX	0.76	(0.10)	0.00	0.76	0.00	0.00	1.46	(1.64)	8.33
GCGAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GCGCX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GCGIX	0.75	0.00	(0.01)	0.12	1.05	(0.75)	1.72	(1.85)	5.28
GCGUX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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