Goldman Sachs Just Etf Profile
| JUST Etf | USD 72.46 0.85 1.19% |
Performance7 of 100
| Odds Of DistressLess than 17
|
Goldman Sachs is selling for under 72.46 as of the 24th of April 2024; that is 1.19 percent up since the beginning of the trading day. The etf's last reported lowest price was 72.02. Goldman Sachs has less than a 17 % chance of experiencing some financial distress in the next two years of operation, but did not have a good performance during the last 90 trading days. Equity ratings for Goldman Sachs JUST are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 5th of May 2022 and ending today, the 24th of April 2024. Click here to learn more.
The fund seeks to achieve its investment objective by investing at least 80 percent of its assets in securities included in its underlying index, in depositary receipts representing securities included in its underlying index and in underlying stocks in respect of depositary receipts included in its underlying index. The company has 740.21 M outstanding shares. More on Goldman Sachs JUST
Moving together with Goldman Etf
| 1.0 | VTI | Vanguard Total Stock | PairCorr |
| 0.97 | SPY | SPDR SP 500 | PairCorr |
| 1.0 | IVV | iShares Core SP | PairCorr |
| 0.92 | VIG | Vanguard Dividend | PairCorr |
| 0.97 | VV | Vanguard Large Cap | PairCorr |
| 0.95 | RSP | Invesco SP 500 | PairCorr |
| 1.0 | IWB | iShares Russell 1000 | PairCorr |
Goldman Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Goldman Sachs' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Goldman Sachs or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Ideas | (View all Themes) |
| Business Concentration | Broad Equity ETFs, Size And Style ETFs, Large Blend, Goldman Sachs (View all Sectors) |
| Issuer | Goldman Sachs |
| Inception Date | 2018-06-07 |
| Benchmark | JUST US Large Cap Diversified Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 324.72 Million |
| Average Trading Valume | 7,635 |
| Asset Type | Equity |
| Category | Broad Equity |
| Focus | Size and Style |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | The Bank of New York Mellon Corporation |
| Advisor | Goldman Sachs Asset Management, L.P. |
| Custodian | The Bank of New York Mellon Corporation |
| Distributor | ALPS Distributors, Inc. |
| Portfolio Manager | Raj Garigipati, Jamie McGregor |
| Transfer Agent | The Bank of New York Mellon Corporation |
| Fiscal Year End | 31-Jul |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 465 |
| Market Maker | Jane Street |
| Total Expense | 0.2 |
| Management Fee | 0.2 |
| Country Name | USA |
| Returns Y T D | 5.67 |
| Name | Goldman Sachs JUST U.S. Large Cap Equity ETF |
| Currency Code | USD |
| Open Figi | BBG00L45DJV7 |
| In Threey Volatility | 17.5 |
| 1y Volatility | 13.36 |
| 200 Day M A | 66.6437 |
| 50 Day M A | 72.9877 |
| Code | JUST |
| Updated At | 23rd of April 2024 |
| Currency Name | US Dollar |
Goldman Sachs JUST [JUST] is traded in USA and was established 2018-06-07. The fund is listed under Large Blend category and is part of Goldman Sachs family. The entity is thematically classified as Broad Equity ETFs. Goldman Sachs JUST currently have 243.24 M in assets under management (AUM). , while the total return for the last 3 years was 7.5%.
Goldman Sachs JUST currently holds about 91.27 M in cash with (302.51 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of -0.3251.
Check Goldman Sachs Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Goldman Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Goldman Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Goldman Sachs JUST Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Goldman Sachs JUST Currency Exposure
Goldman Sachs JUST holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of Goldman Sachs will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in Goldman Sachs JUST.
Top Goldman Sachs JUST Etf Constituents
| BAC | Bank of America | Stock | Financials |
| AAPL | Apple Inc | Stock | Information Technology |
| AMZN | Amazon Inc | Stock | Consumer Discretionary |
| FB | Meta Platforms | Stock | Internet Content & Information |
| GOOG | Alphabet Inc Class C | Stock | Communication Services |
| GOOGL | Alphabet Inc Class A | Stock | Communication Services |
| JNJ | Johnson Johnson | Stock | Health Care |
Goldman Sachs Target Price Odds Analysis
Attributed to a normal probability distribution, the odds of Goldman Sachs jumping above the current price in 90 days from now is about 42.51%. The Goldman Sachs JUST probability density function shows the probability of Goldman Sachs etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Goldman Sachs has a beta of 0.9819. This indicates Goldman Sachs JUST market returns are related to returns on the market. As the market goes up or down, Goldman Sachs is expected to follow. Additionally, goldman Sachs JUST has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Goldman Sachs to move above the current price in 90 days from now is about 42.51 (This Goldman Sachs JUST probability density function shows the probability of Goldman Etf to fall within a particular range of prices over 90 days) .
Goldman Sachs JUST Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Goldman Sachs market risk premium is the additional return an investor will receive from holding Goldman Sachs long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Goldman Sachs. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Goldman Sachs' alpha and beta are two of the key measurements used to evaluate Goldman Sachs' performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0699 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.01) |
Goldman Sachs Against Markets
Picking the right benchmark for Goldman Sachs etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Goldman Sachs etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Goldman Sachs is critical whether you are bullish or bearish towards Goldman Sachs JUST at a given time. Please also check how Goldman Sachs' historical prices are related to one of the top price index indicators.
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?
Run Fundamental Analysis Now
Fundamental AnalysisView fundamental data based on most recent published financial statements |
| All Next | Launch Module |
How to buy Goldman Etf?
Before investing in Goldman Sachs, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Goldman Sachs. To buy Goldman Sachs etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Goldman Sachs. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Goldman Sachs etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Goldman Sachs JUST etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Goldman Sachs JUST etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Goldman Sachs JUST, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Goldman Etf please use our How to Invest in Goldman Sachs guide.
Already Invested in Goldman Sachs JUST?
The danger of trading Goldman Sachs JUST is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Goldman Sachs is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Goldman Sachs. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Goldman Sachs JUST is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Goldman Sachs JUST is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Goldman Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Goldman Sachs Just Etf. Highlighted below are key reports to facilitate an investment decision about Goldman Sachs Just Etf: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goldman Sachs JUST. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
The market value of Goldman Sachs JUST is measured differently than its book value, which is the value of Goldman that is recorded on the company's balance sheet. Investors also form their own opinion of Goldman Sachs' value that differs from its market value or its book value, called intrinsic value, which is Goldman Sachs' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Goldman Sachs' market value can be influenced by many factors that don't directly affect Goldman Sachs' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Goldman Sachs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Goldman Sachs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Goldman Sachs' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.