Asset Comparison and Correlation
|Goldman Sachs Absolute Return vs Absolute Strategies I|
Assuming 30 trading days horizon, Goldman Sachs Absolute Return Tracker R is expected to generate 1.64 times more return on investment than Absolute. However, Goldman is 1.64 times more volatile than Absolute Strategies I. It trades about 0.61 of its potential returns per unit of risk. Absolute Strategies I is currently generating about -0.07 per unit of risk. If you would invest 891 in Goldman Sachs Absolute Return Tracker R on April 18, 2013 and sell it today you would earn a total of 25.00 from holding Goldman Sachs Absolute Return Tracker R or generate 2.81% return on investment over 30 days.
68% of all equities and portfolios perform better than Goldman Sachs Absolute Return Tracker R. Compared with the overall equity markets, risk-adjusted returns on investments in Goldman Sachs Absolute Return Tracker R are ranked lower than 32 (%) of all global equities and portfolios over the last 30 days.
Match ups for Goldman
Over the last 30 days Absolute Strategies I has generated negative risk-adjusted returns adding no value to investors with long positions.
Match ups for Absolute