Goldman Sachs Correlations

TTIFX Fund

USD 10.93 0.01 0.09%

The current 90-days correlation between Goldman Sachs Tactical and Icon Bond Fund is 0.02 (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

Average diversification

The correlation between Goldman Sachs Tactical and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Tactical and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Goldman Sachs Tactical. 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 census.

Moving together with Goldman Mutual Fund

0.78	PAALX	All Asset Fund	Pair Corr
0.79	PATRX	Pimco All Asset	Pair Corr
0.77	PAAIX	All Asset Fund	Pair Corr
0.75	PALPX	Pimco All Asset	Pair Corr
0.79	PASAX	All Asset Fund	Pair Corr
0.81	PASCX	All Asset Fund	Pair Corr
0.78	PAANX	Pimco All Asset	Pair Corr
0.92	PAUPX	Pimco All Asset	Pair Corr
0.92	PAUIX	Pimco All Asset	Pair Corr
0.67	VZ	Verizon Communications Aggressive Push	Pair Corr
0.86	KO	Coca Cola Aggressive Push	Pair Corr

Moving against Goldman Mutual Fund

0.62	VFIAX	Vanguard 500 Index	Pair Corr
0.62	VFINX	Vanguard 500 Index	Pair Corr
0.61	VTSAX	Vanguard Total Stock	Pair Corr
0.61	VTSMX	Vanguard Total Stock	Pair Corr
0.61	VSMPX	Vanguard Total Stock	Pair Corr
0.61	VSTSX	Vanguard Total Stock	Pair Corr
0.61	VITSX	Vanguard Total Stock	Pair Corr
0.6	VFFSX	Vanguard 500 Index	Pair Corr
0.55	PRDSX	T Rowe Price	Pair Corr
0.76	BAC	Bank of America Aggressive Push	Pair Corr
0.74	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.72	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.69	TEGYX	Mid Cap Growth	Pair Corr
0.62	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.61	HPQ	HP Inc	Pair Corr
0.54	WMT	Walmart Aggressive Push	Pair Corr
0.54	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.5	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.38	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	IOBZX	TPYYX	VWALX	ANAZX	CCD	USCBX	SWSFX
IOBZX		0.28	0.34	-0.14	0.76	0.2	0.78	IOBZX
TPYYX	0.28		0.43	0.32	0.5	0.36	0.01	TPYYX
VWALX	0.34	0.43		0.73	0.42	0.82	-0.09	VWALX
ANAZX	-0.14	0.32	0.73		0.06	0.64	-0.49	ANAZX
CCD	0.76	0.5	0.42	0.06		0.25	0.43	CCD
USCBX	0.2	0.36	0.82	0.64	0.25		-0.14	USCBX
SWSFX	0.78	0.01	-0.09	-0.49	0.43	-0.14		SWSFX
	IOBZX	TPYYX	VWALX	ANAZX	CCD	USCBX	SWSFX

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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

USCBX	+ 0.82	VWALX
SWSFX	+ 0.78	IOBZX
CCD	+ 0.76	IOBZX
ANAZX	+ 0.73	VWALX
USCBX	+ 0.64	ANAZX
CCD	+ 0.5	TPYYX

High negative correlations

SWSFX	- 0.49	ANAZX
SWSFX	- 0.14	USCBX
ANAZX	- 0.14	IOBZX
SWSFX	- 0.09	VWALX

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
IOBZX	0.09	0.01	(0.65)	0.58	0.00	(0.14)	0.23	(0.23)	0.46
TPYYX	0.71	0.00	(0.12)	0.06	0.97	(0.74)	1.40	(1.71)	5.39
VWALX	0.16	0.00	(0.27)	0.08	0.25	(0.22)	0.37	(0.37)	1.68
ANAZX	0.18	(0.02)	0.00	(0.70)	0.00	0.00	0.29	(0.29)	1.01
CCD	0.75	(0.03)	(0.10)	0.06	0.92	(0.83)	1.88	(1.68)	4.88
USCBX	0.15	0.02	(0.27)	(0.04)	0.23	(0.23)	0.39	(0.29)	1.74
SWSFX	0.05	0.01	(1.04)	(1.89)	0.00	(0.21)	0.10	(0.10)	0.59

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