Goldman Sachs Etf Profile
Equity ratings for Goldman Sachs are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of June 2024 and ending today, the 28th of November 2024. Click here to learn more.
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RefreshGoldman Etf Highlights
| Old Name | Goldman Sachs Manufacturing Revolution ETF |
| Business Concentration | Industrials, Goldman Sachs, Retail (View all Sectors) |
| Nav Price | 77.56 |
| Two Hundred Day Average | 63.2 |
| Ytd | 26.95% |
| Average Daily Volume In Three Month | 5.29k |
| Fifty Two Week Low | 37.01 |
| As Of Date | 31st of October 2020 |
| Average Daily Volume Last 10 Day | 4.38k |
| Fifty Two Week High | 77.95 |
| One Month | 1.69% |
| Fifty Day Average | 72.76 |
| Three Month | 15.05% |
Goldman Sachs [GMAN] is traded in USA and was established 2019-03-01. The fund is listed under Industrials category and is part of Goldman Sachs family. Goldman Sachs currently have 48.2 M in assets under management (AUM). , while the total return for the last year was 37.62%.
Goldman Sachs currently holds about 6.97 M in cash with 8.61 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.43.
Check Goldman Sachs Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Goldman Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Goldman Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Goldman Sachs Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Goldman Sachs Etf Constituents
| ADSK | Autodesk | Stock | Information Technology | |
| AIR | AAR Corp | Stock | Industrials | |
| TSLA | Tesla Inc | Stock | Consumer Discretionary | |
| AAPL | Apple Inc | Stock | Information Technology | |
| SEDG | SolarEdge Technologies | Stock | Information Technology | |
| ROK | Rockwell Automation | Stock | Industrials | |
| NVDA | NVIDIA | Stock | Information Technology | |
| NIO | Nio Class A | Stock | Consumer Discretionary |
Goldman Sachs Against Markets
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Goldman Sachs Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Goldman Sachs etf to make a market-neutral strategy. Peer analysis of Goldman Sachs could also be used in its relative valuation, which is a method of valuing Goldman Sachs by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Other Tools for Goldman Etf
When running Goldman Sachs' price analysis, check to measure Goldman Sachs' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Goldman Sachs is operating at the current time. Most of Goldman Sachs' value examination focuses on studying past and present price action to predict the probability of Goldman Sachs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goldman Sachs' price. Additionally, you may evaluate how the addition of Goldman Sachs to your portfolios can decrease your overall portfolio volatility.
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