Goldman Sachs Correlations
| GOS Stock | EUR 576.40 4.30 0.74% |
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.
Goldman Sachs Correlation With Market
Significant diversification
The correlation between The Goldman Sachs and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Goldman Sachs and DJI in the same portfolio, assuming nothing else is changed.
Goldman |
The ability to find closely correlated positions to Goldman Sachs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Goldman Sachs when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Goldman Sachs - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling The Goldman Sachs to buy it.
Moving together with Goldman Stock
| 0.97 | DWD | Morgan Stanley | PairCorr |
| 0.97 | DWD | Morgan Stanley | PairCorr |
| 0.96 | SWG | Charles Schwab | PairCorr |
| 1.0 | GOS | Goldman Sachs | PairCorr |
| 0.73 | DUT | Moodys | PairCorr |
| 0.95 | KR51 | KKR Co LP | PairCorr |
| 0.8 | 3HM | MSCI Inc | PairCorr |
| 0.79 | KBIA | KB Financial Group | PairCorr |
| 0.92 | FHL | Federal Home Loan | PairCorr |
| 0.85 | SID | State Bank | PairCorr |
| 0.79 | APC | Apple Inc | PairCorr |
Moving against Goldman Stock
| 0.69 | TKDA | Takeda Pharmaceutical | PairCorr |
| 0.43 | LLD2 | Lloyds Banking Group | PairCorr |
| 0.38 | SUMB | SUMITOMO P SP | PairCorr |
| 0.37 | OIXA | Orix Corp Ads | PairCorr |
| 0.37 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.32 | OIX | ORIX | PairCorr |
Related Correlations Analysis
| -0.06 | 0.51 | 0.14 | 0.03 | 0.1 | 0.0 | BSI | ||
| -0.06 | 0.26 | -0.59 | -0.83 | -0.67 | 0.0 | SMG | ||
| 0.51 | 0.26 | -0.37 | -0.4 | -0.48 | 0.0 | ELG | ||
| 0.14 | -0.59 | -0.37 | 0.83 | 0.91 | 0.0 | CH5 | ||
| 0.03 | -0.83 | -0.4 | 0.83 | 0.88 | 0.0 | 9GY | ||
| 0.1 | -0.67 | -0.48 | 0.91 | 0.88 | 0.0 | 8II | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 2NY2 | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Goldman Stock performing well and Goldman Sachs Company 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BSI | 2.06 | (0.19) | 0.00 | (0.09) | 0.00 | 4.64 | 13.50 | |||
| SMG | 2.21 | (0.08) | 0.00 | 1.67 | 0.00 | 5.10 | 17.85 | |||
| ELG | 2.09 | (0.50) | 0.00 | (0.54) | 0.00 | 5.25 | 20.12 | |||
| CH5 | 1.09 | 0.24 | 0.07 | (7.52) | 0.94 | 2.48 | 8.11 | |||
| 9GY | 1.99 | 0.42 | 0.15 | 1.22 | 1.36 | 5.26 | 21.30 | |||
| 8II | 1.57 | 0.26 | 0.05 | (0.98) | 1.58 | 3.82 | 10.64 | |||
| 2NY2 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Goldman Sachs without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Pair CorrelationCompare performance and examine fundamental relationship between any two equity instruments |
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Goldman Sachs Corporate Management
Elected by the shareholders, the Goldman Sachs' board of directors comprises two types of representatives: Goldman Sachs inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Goldman. The board's role is to monitor Goldman Sachs' management team and ensure that shareholders' interests are well served. Goldman Sachs' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Goldman Sachs' outside directors are responsible for providing unbiased perspectives on the board's policies.
| John Waldron | Pres COO | Profile | |
| Denis III | Chief Officer | Profile | |
| Kathryn Ruemmler | Sec Officer | Profile | |
| Christopher French | Head MD | Profile | |
| F Mallmann | Chair Banking | Profile | |
| Philip Berlinski | Global Treasurer | Profile | |
| J Gardner | Director | Profile |