Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Short
GSSDX Fund  USD 9.31  0.01  0.11%   
The current 90-days correlation between Goldman Sachs Short and Alliancebernstein National Municipal is 0.32 (i.e., Weak 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

Good diversification

The correlation between Goldman Sachs Short and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Short 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 Short. 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 unemployment.

Moving together with Goldman Mutual Fund

  0.83GCEBX Goldman Sachs CleanPairCorr
  0.83GCEDX Goldman Sachs CleanPairCorr
  0.83GCEEX Goldman Sachs CleanPairCorr
  0.83GCEGX Goldman Sachs CleanPairCorr
  0.83GCEJX Goldman Sachs CleanPairCorr
  0.83GCEPX Goldman Sachs CleanPairCorr
  0.94GCFCX Goldman Sachs EPairCorr
  0.94GCFIX Goldman Sachs EPairCorr
  0.95GCFUX Goldman Sachs EPairCorr
  0.74GCICX Goldman Sachs InternPairCorr
  0.74GCIIX Goldman Sachs InternPairCorr
  0.73GCIRX Goldman Sachs InternPairCorr
  0.7GCISX Goldman Sachs InternPairCorr
  0.74GCITX Goldman Sachs InternPairCorr
  0.74GCIUX Goldman Sachs InternPairCorr
  0.73GCIAX Goldman Sachs InternPairCorr
  0.73GCTMX Goldman Sachs InternPairCorr

Moving against Goldman Mutual Fund

  0.58GCGIX Goldman Sachs LargePairCorr
  0.57GCGVX Goldman Sachs DynamicPairCorr
  0.58GCTAX Goldman Sachs TaxPairCorr
  0.58GCTCX Goldman Sachs TaxPairCorr
  0.58GCTIX Goldman Sachs TaxPairCorr
  0.57GCMRX Goldman Sachs MidPairCorr
  0.57GCMTX Goldman Sachs MidPairCorr
  0.57GCMUX Goldman Sachs MidPairCorr
  0.57GCLLX Goldman Sachs FlexiblePairCorr
  0.57GCMAX Goldman Sachs MidPairCorr
  0.57GCMCX Goldman Sachs MidPairCorr
  0.51GCLSX Goldman Sachs LargePairCorr
  0.59GCTRX Goldman Sachs TaxPairCorr
  0.59GCTSX Goldman Sachs TaxPairCorr
  0.54GCSAX Goldman Sachs SmallPairCorr
  0.54GCSIX Goldman Sachs SmallPairCorr
  0.54GCSUX Goldman Sachs SmallPairCorr
  0.53GCSCX Goldman Sachs SmallPairCorr

Related Correlations Analysis

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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.

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