Goldman Sachs Correlations

GSIMX Fund

USD 21.52 0.30 1.37%

The current 90-days correlation between Goldman Sachs Gqg and Great West Loomis Sayles is 0.27 (i.e., Modest 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 Gqg and DJI is 0.41 (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 Gqg 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 Gqg. 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 population.

Moving together with Goldman Mutual Fund

0.86	GCEBX	Goldman Sachs Clean	Pair Corr
0.85	GCEDX	Goldman Sachs Clean	Pair Corr
0.85	GCEEX	Goldman Sachs Clean	Pair Corr
0.86	GCEGX	Goldman Sachs Clean	Pair Corr
0.85	GCEJX	Goldman Sachs Clean	Pair Corr
0.88	GCEPX	Goldman Sachs Clean	Pair Corr
0.79	GCFCX	Goldman Sachs E	Pair Corr
0.76	GCFIX	Goldman Sachs E	Pair Corr
0.76	GCFUX	Goldman Sachs E	Pair Corr
0.96	GCICX	Goldman Sachs Intern	Pair Corr
0.9	GCIIX	Goldman Sachs Intern	Pair Corr
0.95	GCITX	Goldman Sachs Intern	Pair Corr
0.95	GCIUX	Goldman Sachs Intern	Pair Corr
0.95	GCIAX	Goldman Sachs Intern	Pair Corr
0.76	GDFTX	Goldman Sachs E	Pair Corr

Moving against Goldman Mutual Fund

0.8	GCMUX	Goldman Sachs Mid	Pair Corr
0.78	GCMAX	Goldman Sachs Mid	Pair Corr
0.78	GCMCX	Goldman Sachs Mid	Pair Corr
0.74	GCTSX	Goldman Sachs Tax	Pair Corr
0.72	GCGIX	Goldman Sachs Large	Pair Corr
0.72	GCGVX	Goldman Sachs Dynamic	Pair Corr
0.72	GCLLX	Goldman Sachs Flexible	Pair Corr
0.72	GCTAX	Goldman Sachs Tax	Pair Corr
0.71	GCLSX	Goldman Sachs Large	Pair Corr
0.67	GCSAX	Goldman Sachs Small	Pair Corr
0.65	GCSIX	Goldman Sachs Small	Pair Corr
0.64	GCSCX	Goldman Sachs Small	Pair Corr
0.64	GCSSX	Goldman Sachs Small	Pair Corr
0.9	GFRSX	Goldman Sachs High	Pair Corr
0.9	GFRIX	Goldman Sachs High	Pair Corr
0.89	GFRAX	Goldman Sachs High	Pair Corr
0.8	GFVSX	Goldman Sachs Focused	Pair Corr
0.79	GFVIX	Goldman Sachs Focused	Pair Corr
0.79	GFVRX	Goldman Sachs Focused	Pair Corr
0.74	GVIRX	Goldman Sachs Equity	Pair Corr
0.73	GFCUX	Goldman Sachs Flexible	Pair Corr

Related Correlations Analysis

	MXLSX	UMPSX	AVCNX	PCSVX	VVSCX	ARSMX	QRSAX
MXLSX		0.94	0.9	0.91	0.99	0.94	0.89	MXLSX
UMPSX	0.94		0.91	0.99	0.96	0.96	0.91	UMPSX
AVCNX	0.9	0.91		0.9	0.9	0.93	0.98	AVCNX
PCSVX	0.91	0.99	0.9		0.94	0.96	0.9	PCSVX
VVSCX	0.99	0.96	0.9	0.94		0.96	0.89	VVSCX
ARSMX	0.94	0.96	0.93	0.96	0.96		0.93	ARSMX
QRSAX	0.89	0.91	0.98	0.9	0.89	0.93		QRSAX
	MXLSX	UMPSX	AVCNX	PCSVX	VVSCX	ARSMX	QRSAX

Click cells to compare fundamentals

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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
MXLSX	0.86	(0.03)	0.02	0.08	0.77	(1.06)	2.08	(1.34)	7.51
UMPSX	1.41	(0.03)	0.06	0.09	1.47	(1.49)	3.41	(2.41)	10.41
AVCNX	0.93	0.13	0.04	2.47	0.77	(1.19)	2.13	(1.54)	8.37
PCSVX	0.78	(0.01)	0.02	0.09	0.69	(0.95)	1.94	(1.27)	5.70
VVSCX	0.92	(0.03)	0.02	0.08	0.84	(1.17)	2.02	(1.77)	8.16
ARSMX	0.73	0.04	0.08	0.14	0.48	(0.96)	1.96	(0.92)	5.55
QRSAX	0.77	0.10	0.00	(4.90)	0.73	(0.89)	1.87	(1.28)	6.37

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