Goldman Sachs Etf Performance
| GMUB Etf | 50.59 0.13 0.26% |
The etf retains a Market Volatility (i.e., Beta) of -0.0716, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Goldman Sachs are expected to decrease at a much lower rate. During the bear market, Goldman Sachs is likely to outperform the market.
Risk-Adjusted Performance
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Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Goldman Sachs ETF are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong basic indicators, Goldman Sachs is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors. ...more
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Goldman Sachs Relative Risk vs. Return Landscape
If you would invest 5,013 in Goldman Sachs ETF on August 29, 2024 and sell it today you would earn a total of 33.00 from holding Goldman Sachs ETF or generate 0.66% return on investment over 90 days. Goldman Sachs ETF is currently generating 0.0104% in daily expected returns and assumes 0.1843% risk (volatility on return distribution) over the 90 days horizon. In different words, 1% of etfs are less volatile than Goldman, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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Goldman Sachs Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goldman Sachs' investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Goldman Sachs ETF, and traders can use it to determine the average amount a Goldman Sachs' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0565
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| Negative Returns | GMUB |
Estimated Market Risk
| 0.18 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Goldman Sachs is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Goldman Sachs by adding it to a well-diversified portfolio.
About Goldman Sachs Performance
By analyzing Goldman Sachs' fundamental ratios, stakeholders can gain valuable insights into Goldman Sachs' financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Goldman Sachs has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Goldman Sachs has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Goldman Sachs is entity of United States. It is traded as Etf on NYSE ARCA exchange.