Neuberger Berman Correlations
| NBFCX Fund | USD 31.06 0.16 0.52% |
The current 90-days correlation between Neuberger Berman Focus and Neuberger Berman Guardian is 0.82 (i.e., Very poor diversification). The correlation of Neuberger Berman 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.
Neuberger Berman Correlation With Market
Poor diversification
The correlation between Neuberger Berman Focus and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Neuberger Berman Focus and DJI in the same portfolio, assuming nothing else is changed.
Neuberger |
Moving together with Neuberger Mutual Fund
| 0.68 | NRAEX | Neuberger Berman Sus | PairCorr |
| 0.68 | NRARX | Neuberger Berman Socially | PairCorr |
| 0.8 | NRAAX | Neuberger Berman Socially | PairCorr |
| 0.61 | NRDGX | Neuberger Berman Dividend | PairCorr |
| 0.8 | NRHIX | Neuberger Berman High | PairCorr |
| 0.8 | NRSIX | Neuberger Berman Str | PairCorr |
| 0.8 | NRSRX | Neuberger Berman Socially | PairCorr |
| 0.61 | NSNRX | Neuberger Berman Small | PairCorr |
| 0.8 | NSTAX | Neuberger Berman Str | PairCorr |
| 0.8 | NSTLX | Neuberger Berman Str | PairCorr |
| 0.73 | NBGUX | Neuberger Berman Guardian | PairCorr |
| 0.75 | NBGTX | Neuberger Berman Guardian | PairCorr |
| 0.79 | NBFAX | Neuberger Berman Focus | PairCorr |
| 0.61 | NBMVX | Neuberger Berman Small | PairCorr |
Related Correlations Analysis
| 0.7 | 0.91 | 0.88 | 0.53 | NBGTX | ||
| 0.7 | 0.65 | 0.8 | 0.74 | NBPTX | ||
| 0.91 | 0.65 | 0.86 | 0.28 | NBSTX | ||
| 0.88 | 0.8 | 0.86 | 0.53 | NBMTX | ||
| 0.53 | 0.74 | 0.28 | 0.53 | QFVOX | ||
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Risk-Adjusted Indicators
There is a big difference between Neuberger Mutual Fund performing well and Neuberger Berman 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 Neuberger Berman's 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NBGTX | 0.79 | (0.05) | 0.00 | (0.05) | 0.00 | 1.39 | 6.21 | |||
| NBPTX | 0.52 | (0.06) | 0.00 | (0.09) | 0.00 | 1.04 | 4.46 | |||
| NBSTX | 0.68 | 0.02 | 0.01 | 0.05 | 1.15 | 1.09 | 8.32 | |||
| NBMTX | 1.15 | (0.05) | 0.00 | (0.06) | 0.00 | 2.04 | 11.92 | |||
| QFVOX | 0.52 | (0.09) | 0.00 | (0.34) | 0.00 | 1.07 | 3.38 |