Goldman Sachs Correlations

GOS Stock

EUR 609.60 18.40 3.11%

The current 90-days correlation between Goldman Sachs and Morgan Stanley is 0.09 (i.e., Significant 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.

Goldman Sachs Correlation With Market

Average diversification

The correlation between The Goldman Sachs and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Goldman Sachs and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Goldman Sachs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Goldman Sachs when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Goldman Sachs - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling The Goldman Sachs to buy it.

Moving together with Goldman Stock

0.92	DWD	Morgan Stanley	Pair Corr
0.96	DWD	Morgan Stanley	Pair Corr
0.85	SWG	Charles Schwab	Pair Corr
0.96	GOS	Goldman Sachs	Pair Corr
0.77	DUT	Moodys	Pair Corr
0.95	KR51	KKR Co LP	Pair Corr
0.67	3HM	MSCI Inc	Pair Corr
0.61	3EJ	LODESTAR MIN Split	Pair Corr
0.8	ADH2	Air Canada	Pair Corr
0.7	C8C	Consolidated Communications	Pair Corr
0.67	ZFI1	Zurich Insurance	Pair Corr
0.93	BN9	Bank of New York Mellon	Pair Corr
0.76	NY70	MOLSON RS BEVERAGE	Pair Corr
0.93	LIE	SUN LIFE FINANCIAL	Pair Corr
0.76	GIFN	GigaMedia	Pair Corr
0.77	3RKU	RYOHIN UNSPADR/1	Pair Corr
0.79	KEL	Kellogg Company	Pair Corr
0.87	FDX	FedEx	Pair Corr
0.88	FOO	Salesforce	Pair Corr
0.87	IUI1	Intuitive Surgical Earnings Call This Week	Pair Corr
0.85	FAA	FABASOFT Dusseldorf	Pair Corr
0.9	CE1	Perdoceo Education	Pair Corr

Moving against Goldman Stock

0.8	CXT	Carmat SA	Pair Corr
0.62	27J	Impinj Inc	Pair Corr
0.61	27J	Impinj Inc	Pair Corr
0.55	MTO	METTLER TOLEDO INTL	Pair Corr
0.51	MTO	METTLER TOLEDO INTL	Pair Corr
0.49	MTO	Mitie Group PLC	Pair Corr

Related Correlations Analysis

	DWD	DWD	SWG	GOS	GOS	MHL	DUT	4M4	KR51	3HM
DWD		0.94	0.79	0.92	0.96	0.47	0.61	0.09	0.87	0.53	DWD
DWD	0.94		0.87	0.96	0.91	0.5	0.68	0.16	0.92	0.56	DWD
SWG	0.79	0.87		0.85	0.8	0.63	0.79	0.25	0.92	0.64	SWG
GOS	0.92	0.96	0.85		0.96	0.59	0.77	0.1	0.95	0.67	GOS
GOS	0.96	0.91	0.8	0.96		0.53	0.69	0.02	0.9	0.63	GOS
MHL	0.47	0.5	0.63	0.59	0.53		0.85	0.54	0.64	0.75	MHL
DUT	0.61	0.68	0.79	0.77	0.69	0.85		0.35	0.81	0.81	DUT
4M4	0.09	0.16	0.25	0.1	0.02	0.54	0.35		0.18	0.04	4M4
KR51	0.87	0.92	0.92	0.95	0.9	0.64	0.81	0.18		0.66	KR51
3HM	0.53	0.56	0.64	0.67	0.63	0.75	0.81	0.04	0.66		3HM
	DWD	DWD	SWG	GOS	GOS	MHL	DUT	4M4	KR51	3HM

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Risk-Adjusted Indicators

There is a big difference between Goldman Stock performing well and Goldman Sachs Company 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
DWD	1.43	0.42	0.29	8.07	1.04	(1.90)	3.59	(1.77)	17.21
DWD	1.47	0.44	0.31	1.59	1.12	(1.92)	3.68	(3.09)	19.03
SWG	1.49	0.29	0.18	(1.11)	1.39	(1.87)	5.45	(2.77)	13.88
GOS	1.42	0.41	0.31	1.06	0.95	(1.79)	2.87	(2.29)	20.07
GOS	1.28	0.41	0.31	3.74	0.75	(1.51)	2.29	(1.85)	19.46
MHL	1.04	0.03	0.03	0.24	1.17	(1.18)	2.43	(1.77)	6.14
DUT	1.29	0.09	0.06	0.59	1.50	(1.39)	3.10	(2.24)	11.59
4M4	1.07	0.01	0.01	(0.17)	1.29	(1.19)	1.89	(2.12)	5.86
KR51	1.42	0.29	0.15	0.46	1.65	(1.48)	3.70	(2.85)	15.45
3HM	1.15	0.11	0.08	0.34	1.33	(1.31)	2.49	(2.07)	8.04

Be your own money manager

Our tools can tell you how much better you can do entering a position in Goldman Sachs without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Crypto Correlations Now

Crypto Correlations

Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins

All Next

Launch Module

Goldman Sachs Corporate Management

Elected by the shareholders, the Goldman Sachs' board of directors comprises two types of representatives: Goldman Sachs inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Goldman. The board's role is to monitor Goldman Sachs' management team and ensure that shareholders' interests are well served. Goldman Sachs' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Goldman Sachs' outside directors are responsible for providing unbiased perspectives on the board's policies.

John Waldron	Pres COO	Profile
Denis III	Chief Officer	Profile
Kathryn Ruemmler	Sec Officer	Profile
Christopher French	Head MD	Profile
F Mallmann	Chair Banking	Profile
Philip Berlinski	Global Treasurer	Profile
J Gardner	Director	Profile

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