Goldman Sachs Correlations

GSPAX Fund

USD 14.03 0.78 0.63%

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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios. 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 nation.

Moving together with Goldman Mutual Fund

0.83	JEPAX	Jpmorgan Research Equity	Pair Corr
0.83	JEPCX	Jpmorgan Research Equity	Pair Corr
0.83	JEPIX	Jpmorgan Equity Premium	Pair Corr
0.92	GVIRX	Goldman Sachs Equity	Pair Corr
1.0	GIDWX	Goldman Sachs Equity	Pair Corr
0.88	VTSAX	Vanguard Total Stock	Pair Corr
0.83	VFIAX	Vanguard 500 Index	Pair Corr
0.88	VTSMX	Vanguard Total Stock	Pair Corr
0.88	VSMPX	Vanguard Total Stock	Pair Corr
0.88	VSTSX	Vanguard Total Stock	Pair Corr
0.83	VITSX	Vanguard Total Stock	Pair Corr
0.83	VFINX	Vanguard 500 Index	Pair Corr
0.88	VFFSX	Vanguard 500 Index	Pair Corr
0.64	RIV	Rivernorth Opportunities	Pair Corr
0.79	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.71	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.64	HD	Home Depot	Pair Corr
0.85	CSCO	Cisco Systems	Pair Corr
0.83	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.81	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.68	WMT	Walmart Aggressive Push	Pair Corr
0.73	BAC	Bank of America Aggressive Push	Pair Corr
0.76	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr

Moving against Goldman Mutual Fund

0.75	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.73	KO	Coca Cola Aggressive Push	Pair Corr
0.54	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.5	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	FHAIX	RSHMX	AGDAX	GHYSX	BCHIX
FHAIX		0.46	0.9	0.5	0.48	FHAIX
RSHMX	0.46		0.39	0.85	0.96	RSHMX
AGDAX	0.9	0.39		0.48	0.4	AGDAX
GHYSX	0.5	0.85	0.48		0.89	GHYSX
BCHIX	0.48	0.96	0.4	0.89		BCHIX
	FHAIX	RSHMX	AGDAX	GHYSX	BCHIX

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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
FHAIX	0.10	0.01	0.00	0.52	0.00	0.00	0.57	0.00	1.15
RSHMX	0.24	0.02	(0.18)	(0.07)	0.37	(0.27)	0.42	(0.52)	1.98
AGDAX	0.11	0.03	(0.34)	(1.67)	0.00	(0.23)	0.29	(0.28)	0.87
GHYSX	0.16	0.00	(0.20)	0.03	0.26	(0.23)	0.43	(0.43)	1.72
BCHIX	0.15	0.01	(0.23)	(0.01)	0.23	(0.22)	0.40	(0.40)	1.53

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Goldman Sachs Correlations

Moving together with Goldman Mutual Fund

Moving against Goldman Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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