Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Mid
GCMAX Fund  USD 41.33  0.05  0.12%   
The current 90-days correlation between Goldman Sachs Mid and Eaton Vance Large Cap is 0.92 (i.e., Almost no 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

Very poor diversification

The correlation between Goldman Sachs Mid and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Mid 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 Mid. 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 nation.

Moving together with Goldman Mutual Fund

  0.95GCGIX Goldman Sachs LargePairCorr
  0.97GCGVX Goldman Sachs DynamicPairCorr
  1.0GCMRX Goldman Sachs MidPairCorr
  1.0GCMTX Goldman Sachs MidPairCorr
  1.0GCMUX Goldman Sachs MidPairCorr
  0.98GCLLX Goldman Sachs FlexiblePairCorr
  0.96GCLSX Goldman Sachs LargePairCorr
  1.0GCMCX Goldman Sachs MidPairCorr
  0.73GCRTX Goldman Sachs AbsolutePairCorr
  0.98GCTAX Goldman Sachs TaxPairCorr
  0.98GCTCX Goldman Sachs TaxPairCorr
  0.98GCTIX Goldman Sachs TaxPairCorr
  0.98GCTRX Goldman Sachs TaxPairCorr
  0.98GCTSX Goldman Sachs TaxPairCorr
  0.94GCSAX Goldman Sachs SmallPairCorr
  0.94GCSIX Goldman Sachs SmallPairCorr
  0.94GCSUX Goldman Sachs SmallPairCorr
  0.96GCVAX Goldman Sachs LargePairCorr

Moving against Goldman Mutual Fund

  0.75GCEBX Goldman Sachs CleanPairCorr
  0.75GCEDX Goldman Sachs CleanPairCorr
  0.75GCEEX Goldman Sachs CleanPairCorr
  0.75GCEGX Goldman Sachs CleanPairCorr
  0.75GCEJX Goldman Sachs CleanPairCorr
  0.75GCEPX Goldman Sachs CleanPairCorr
  0.73GCFCX Goldman Sachs EPairCorr
  0.71GCFIX Goldman Sachs EPairCorr
  0.71GCFUX Goldman Sachs EPairCorr
  0.7GCICX Goldman Sachs InternPairCorr
  0.69GCIRX Goldman Sachs InternPairCorr
  0.69GCISX Goldman Sachs InternPairCorr
  0.69GCIAX Goldman Sachs InternPairCorr
  0.68GCIIX Goldman Sachs InternPairCorr
  0.68GCIUX Goldman Sachs InternPairCorr
  0.73GDFRX Goldman Sachs EPairCorr
  0.63GCTMX Goldman Sachs InternPairCorr
  0.39GDICX Goldman Sachs ShortPairCorr

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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