Goldman Sachs Correlations

GSSAX Fund

USD 7.98 0.01 0.13%

The current 90-days correlation between Goldman Sachs Long and Abr 7525 Volatility is 0.05 (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. If the correlation is 0, the equities are not correlated; they are entirely random.

Goldman Sachs Correlation With Market

Significant diversification

The correlation between Goldman Sachs Long and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Long 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 Long. 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

0.66	GCGVX	Goldman Sachs Dynamic	Pair Corr
0.71	GCRTX	Goldman Sachs Absolute	Pair Corr

Moving against Goldman Mutual Fund

0.7	GCEBX	Goldman Sachs Clean	Pair Corr
0.7	GCEDX	Goldman Sachs Clean	Pair Corr
0.7	GCEEX	Goldman Sachs Clean	Pair Corr
0.7	GCEGX	Goldman Sachs Clean	Pair Corr
0.7	GCEJX	Goldman Sachs Clean	Pair Corr
0.7	GCEPX	Goldman Sachs Clean	Pair Corr
0.37	GCLSX	Goldman Sachs Large	Pair Corr
0.37	GCVAX	Goldman Sachs Large	Pair Corr
0.37	GCVCX	Goldman Sachs Large	Pair Corr
0.37	GCVIX	Goldman Sachs Large	Pair Corr
0.37	GCVRX	Goldman Sachs Large	Pair Corr
0.37	GCVTX	Goldman Sachs Large	Pair Corr
0.37	GCVUX	Goldman Sachs Large	Pair Corr

Related Correlations Analysis

	VOLJX	FURYAX	FABWX	MFTFX	FBJYGX	RETSX	FVKVWX
VOLJX		0.27	0.29	0.47	0.2	0.98	0.18	VOLJX
FURYAX	0.27		0.66	-0.39	0.71	0.31	0.74	FURYAX
FABWX	0.29	0.66		0.01	0.7	0.37	0.45	FABWX
MFTFX	0.47	-0.39	0.01		-0.46	0.41	-0.24	MFTFX
FBJYGX	0.2	0.71	0.7	-0.46		0.27	0.45	FBJYGX
RETSX	0.98	0.31	0.37	0.41	0.27		0.22	RETSX
FVKVWX	0.18	0.74	0.45	-0.24	0.45	0.22		FVKVWX
	VOLJX	FURYAX	FABWX	MFTFX	FBJYGX	RETSX	FVKVWX

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

RETSX	+ 0.98	VOLJX
FVKVWX	+ 0.74	FURYAX
FBJYGX	+ 0.71	FURYAX
FBJYGX	+ 0.7	FABWX
FABWX	+ 0.66	FURYAX
MFTFX	+ 0.47	VOLJX

High negative correlations

FBJYGX	- 0.46	MFTFX
MFTFX	- 0.39	FURYAX
FVKVWX	- 0.24	MFTFX

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
VOLJX	0.71	0.02	(0.02)	0.15	1.08	(0.72)	1.52	(1.39)	6.07
FURYAX	0.54	0.22	0.16	(27.46)	0.34	(0.74)	1.21	(1.31)	2.27
FABWX	0.93	0.13	0.02	(25.70)	1.65	(0.98)	1.52	(1.12)	6.74
MFTFX	1.01	0.12	0.01	(0.90)	1.42	(1.00)	1.82	(2.26)	5.15
FBJYGX	0.51	0.16	0.12	2.88	0.36	(0.59)	1.27	(0.76)	2.57
RETSX	0.58	0.02	(0.04)	0.15	0.79	(0.61)	1.19	(1.46)	5.40
FVKVWX	0.53	0.28	0.00	6.00	0.00	0.00	1.28	(1.24)	2.52

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