Goldman Sachs Correlations

GSTCX Fund

USD 10.37 0.01 0.1%

The current 90-days correlation between Goldman Sachs Short and Ultra Short Fixed Income is -0.13 (i.e., Good 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 Short and DJI is 0.09 (i.e., Significant 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 main economic indicators.

Moving together with Goldman Mutual Fund

0.67	GCGVX	Goldman Sachs Dynamic	Pair Corr
0.63	GCLLX	Goldman Sachs Flexible	Pair Corr
0.78	GCMDX	Goldman Sachs Local	Pair Corr
0.71	GCRTX	Goldman Sachs Absolute	Pair Corr
0.72	GCTAX	Goldman Sachs Tax	Pair Corr
0.71	GCTCX	Goldman Sachs Tax	Pair Corr
0.68	GCTIX	Goldman Sachs Tax	Pair Corr
0.72	GCTRX	Goldman Sachs Tax	Pair Corr
0.68	GCTSX	Goldman Sachs Tax	Pair Corr

Moving against Goldman Mutual Fund

0.33	GCEBX	Goldman Sachs Clean	Pair Corr
0.33	GCEGX	Goldman Sachs Clean	Pair Corr
0.33	GCEJX	Goldman Sachs Clean	Pair Corr
0.32	GCEDX	Goldman Sachs Clean	Pair Corr
0.32	GCEEX	Goldman Sachs Clean	Pair Corr
0.32	GCEPX	Goldman Sachs Clean	Pair Corr

Related Correlations Analysis

	SWSFX	RESAX	BXHCX	BBINX	PRVBX	ABNTX	TSDCX
SWSFX		0.17	0.43	0.06	0.25	0.01	0.89	SWSFX
RESAX	0.17		0.82	0.8	0.65	0.77	0.32	RESAX
BXHCX	0.43	0.82		0.75	0.64	0.58	0.66	BXHCX
BBINX	0.06	0.8	0.75		0.4	0.52	0.24	BBINX
PRVBX	0.25	0.65	0.64	0.4		0.83	0.41	PRVBX
ABNTX	0.01	0.77	0.58	0.52	0.83		0.16	ABNTX
TSDCX	0.89	0.32	0.66	0.24	0.41	0.16		TSDCX
	SWSFX	RESAX	BXHCX	BBINX	PRVBX	ABNTX	TSDCX

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
SWSFX	0.03	0.00	0.00	0.12	0.00	0.00	0.10	(0.10)	0.59
RESAX	0.22	0.01	(0.22)	0.27	0.21	(0.28)	0.49	(0.37)	2.22
BXHCX	0.12	0.02	(0.29)	(1.58)	0.00	(0.20)	0.37	(0.25)	1.11
BBINX	0.14	0.00	(0.27)	0.87	0.17	(0.20)	0.30	(0.29)	1.27
PRVBX	0.10	(0.01)	(0.80)	(0.04)	0.05	(0.13)	0.25	(0.19)	0.58
ABNTX	0.13	(0.01)	(0.45)	(0.16)	0.15	(0.17)	0.30	(0.30)	0.79
TSDCX	0.05	0.01	0.00	1.77	0.00	0.00	0.11	(0.11)	0.66

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