Goldman Sachs Correlations

GCSUX Fund

USD 33.73 0.02 0.06%

The current 90-days correlation between Goldman Sachs Small and Us Strategic Equity is 0.78 (i.e., Poor 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 Small and DJI is 0.86 (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 Small 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 Small. 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 employment.

Moving together with Goldman Mutual Fund

0.89	GCGIX	Goldman Sachs Large	Pair Corr
0.94	GCMUX	Goldman Sachs Mid	Pair Corr
0.94	GCLLX	Goldman Sachs Flexible	Pair Corr
0.97	GCLSX	Goldman Sachs Large	Pair Corr
0.94	GCMAX	Goldman Sachs Mid	Pair Corr
0.94	GCMCX	Goldman Sachs Mid	Pair Corr
0.66	GCRTX	Goldman Sachs Absolute	Pair Corr
0.95	GCTAX	Goldman Sachs Tax	Pair Corr
0.95	GCTCX	Goldman Sachs Tax	Pair Corr
0.95	GCTIX	Goldman Sachs Tax	Pair Corr
0.95	GCTRX	Goldman Sachs Tax	Pair Corr
0.95	GCTSX	Goldman Sachs Tax	Pair Corr
1.0	GCSAX	Goldman Sachs Small	Pair Corr
1.0	GCSIX	Goldman Sachs Small	Pair Corr
0.97	GCVAX	Goldman Sachs Large	Pair Corr
0.97	GCVCX	Goldman Sachs Large	Pair Corr
0.97	GCVIX	Goldman Sachs Large	Pair Corr
0.97	GCVUX	Goldman Sachs Large	Pair Corr
1.0	GDSRX	Goldman Sachs Small	Pair Corr

Moving against Goldman Mutual Fund

0.73	GCEBX	Goldman Sachs Clean	Pair Corr
0.73	GCEDX	Goldman Sachs Clean	Pair Corr
0.73	GCEEX	Goldman Sachs Clean	Pair Corr
0.73	GCEGX	Goldman Sachs Clean	Pair Corr
0.73	GCEJX	Goldman Sachs Clean	Pair Corr
0.73	GCEPX	Goldman Sachs Clean	Pair Corr
0.64	GCFIX	Goldman Sachs E	Pair Corr
0.64	GCFUX	Goldman Sachs E	Pair Corr
0.6	GCICX	Goldman Sachs Intern	Pair Corr
0.59	GCIRX	Goldman Sachs Intern	Pair Corr
0.59	GCISX	Goldman Sachs Intern	Pair Corr
0.59	GCIAX	Goldman Sachs Intern	Pair Corr
0.58	GCIIX	Goldman Sachs Intern	Pair Corr
0.58	GCIUX	Goldman Sachs Intern	Pair Corr
0.64	GDFRX	Goldman Sachs E	Pair Corr
0.57	GGBPX	Goldman Sachs Investment	Pair Corr
0.39	GDICX	Goldman Sachs Short	Pair Corr

Related Correlations Analysis

	RUSTX	DFVEX	SRFMX	GCAEX	LEQCX	OIEPX	HULEX	DIVHX
RUSTX		0.99	0.88	0.91	0.95	0.97	0.93	0.89	RUSTX
DFVEX	0.99		0.88	0.93	0.96	0.97	0.97	0.87	DFVEX
SRFMX	0.88	0.88		0.85	0.82	0.83	0.88	0.76	SRFMX
GCAEX	0.91	0.93	0.85		0.86	0.91	0.87	0.94	GCAEX
LEQCX	0.95	0.96	0.82	0.86		0.95	0.92	0.82	LEQCX
OIEPX	0.97	0.97	0.83	0.91	0.95		0.94	0.9	OIEPX
HULEX	0.93	0.97	0.88	0.87	0.92	0.94		0.77	HULEX
DIVHX	0.89	0.87	0.76	0.94	0.82	0.9	0.77		DIVHX
	RUSTX	DFVEX	SRFMX	GCAEX	LEQCX	OIEPX	HULEX	DIVHX

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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
RUSTX	0.56	0.00	(0.01)	0.12	0.68	(0.60)	1.07	(1.39)	4.17
DFVEX	0.64	(0.01)	0.00	0.11	0.64	(0.74)	1.41	(1.06)	5.26
SRFMX	0.53	(0.05)	(0.10)	0.05	0.70	(0.58)	0.99	(1.30)	3.50
GCAEX	0.62	(0.04)	(0.08)	0.07	0.58	(0.80)	1.13	(0.96)	4.71
LEQCX	0.40	0.04	(0.02)	0.20	0.23	(0.48)	0.95	(0.73)	2.38
OIEPX	0.52	0.02	0.00	0.14	0.29	(0.61)	1.14	(0.81)	3.69
HULEX	0.65	(0.04)	(0.06)	0.07	0.61	(0.77)	1.36	(0.95)	5.17
DIVHX	0.49	0.02	(0.02)	0.14	0.30	(0.57)	1.12	(0.74)	2.83

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