Neuberger Berman Correlations

Mutual Funds . USA . 
Fund . Neuberger Berman Genesis
NBGNX Fund  USD 73.21  1.18  1.64%   
The current 90-days correlation between Neuberger Berman Genesis and Neuberger Berman Large is 0.78 (i.e., 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

Almost no diversification

The correlation between Neuberger Berman Genesis and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Neuberger Berman Genesis and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Neuberger Berman Genesis. 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 board of governors.

Moving together with Neuberger Mutual Fund

  0.64NPNCX Neuberger Berman LargePairCorr
  0.76NPNAX Neuberger Berman LargePairCorr
  0.75NPNRX Neuberger Berman LargePairCorr
  0.76NPRTX Neuberger Berman LargePairCorr
  0.97NRACX Neuberger Berman SociallyPairCorr
  0.69NRABX Neuberger Berman AbsolutePairCorr
  0.97NRARX Neuberger Berman SociallyPairCorr
  0.97NRAAX Neuberger Berman SociallyPairCorr
  0.81NRDGX Neuberger Berman DividendPairCorr
  0.93NRGSX Neuberger Berman GenesisPairCorr
  0.64NRHIX Neuberger Berman HighPairCorr
  1.0NRGEX Neuberger Berman GenesisPairCorr
  0.94NRINX Neuberger Berman IntPairCorr
  0.76NRLCX Neuberger Berman LargePairCorr
  0.84NRMGX Neuberger Berman MidPairCorr
  0.64NABAX Neuberger Berman AbsolutePairCorr
  0.71NABEX Neuberger Berman AbsolutePairCorr
  0.61NABCX Neuberger Berman AbsolutePairCorr
  0.65NABIX Neuberger Berman AbsolutePairCorr
  0.91NRSRX Neuberger Berman SociallyPairCorr
  0.97NSNCX Neuberger Berman SmallPairCorr
  0.97NSNRX Neuberger Berman SmallPairCorr
  0.97NSRSX Neuberger Berman SmallPairCorr
  1.0NBGAX Neuberger Berman GenesisPairCorr
  1.0NBGEX Neuberger Berman GenesisPairCorr

Moving against Neuberger Mutual Fund

  0.62NRCRX Neuberger Berman CorePairCorr
  0.48NRILX Neuberger Berman IntlPairCorr
  0.46NRIQX Neuberger Berman IntPairCorr

Related Correlations Analysis

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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.

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