Goldman Sachs Correlations
| GOS Stock | 578.30 9.50 1.67% |
The current 90-days correlation between Goldman Sachs and Talanx AG is 0.1 (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
Poor diversification
The correlation between The Goldman Sachs and DJI is 0.73 (i.e., Poor 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.
Goldman |
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
| 0.97 | DWD | Morgan Stanley | PairCorr |
| 0.95 | DWD | Morgan Stanley | PairCorr |
| 0.95 | SWG | Charles Schwab | PairCorr |
| 1.0 | GOS | Goldman Sachs | PairCorr |
| 0.93 | KR51 | KKR Co LP | PairCorr |
| 0.76 | 3HM | MSCI Inc | PairCorr |
| 0.74 | EK7 | AGRICUL BK CHINA | PairCorr |
| 0.75 | UN3 | United Natural Foods | PairCorr |
Moving against Goldman Stock
| 0.84 | BYRA | BANK RAKYAT IND | PairCorr |
| 0.82 | PQ9 | BANK MANDIRI | PairCorr |
| 0.82 | PQ9 | BANK MANDIRI | PairCorr |
| 0.75 | PQ9 | PT Bank Mandiri | PairCorr |
| 0.73 | BYRA | PT Bank Rakyat | PairCorr |
| 0.69 | BYRA | PT Bank Rakyat | PairCorr |
| 0.63 | BYRA | BANK RAKYAT IND | PairCorr |
| 0.36 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.31 | BZG2 | BANK CENTRAL ASIA | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 4M4 | 1.02 | 0.18 | 0.05 | 2.22 | 1.19 | 2.28 | 5.94 | |||
| 3HM | 1.11 | 0.11 | 0.02 | 0.52 | 1.20 | 2.23 | 5.86 | |||
| 8SP | 2.14 | (0.19) | 0.00 | 0.38 | 0.00 | 3.38 | 20.22 | |||
| 6NM | 1.21 | 0.10 | (0.03) | (0.20) | 1.77 | 2.79 | 9.64 | |||
| 39O1 | 3.76 | 0.12 | 0.02 | 0.29 | 3.51 | 8.41 | 34.42 | |||
| 2DG | 3.82 | (1.75) | 0.00 | (7.86) | 0.00 | 6.06 | 52.42 | |||
| TLX | 0.97 | 0.04 | (0.07) | (5.94) | 1.13 | 2.67 | 7.58 | |||
| TM9 | 2.79 | (0.03) | (0.02) | 0.02 | 4.27 | 5.56 | 36.50 | |||
| INVN | 2.19 | 0.28 | 0.05 | (1.42) | 2.54 | 5.61 | 14.01 | |||
| IUI1 | 1.26 | 0.26 | 0.14 | 0.90 | 1.05 | 3.28 | 10.01 |
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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 |