Neuberger Berman Correlations

NBHAX Fund

USD 14.21 0.19 1.36%

The current 90-days correlation between Neuberger Berman Equity and Calamos Vertible Fund is 0.52 (i.e., Very weak 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 Equity and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Neuberger Berman Equity 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 Equity. 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 nation.

Moving together with Neuberger Mutual Fund

0.87	NPNEX	Neuberger Berman Large	Pair Corr
0.9	NPNCX	Neuberger Berman Large	Pair Corr
0.89	NPNAX	Neuberger Berman Large	Pair Corr
0.88	NPRTX	Neuberger Berman Large	Pair Corr
0.78	NRAEX	Neuberger Berman Sus	Pair Corr
0.76	NRACX	Neuberger Berman Socially	Pair Corr
0.78	NRARX	Neuberger Berman Socially	Pair Corr
0.78	NRAAX	Neuberger Berman Socially	Pair Corr
0.72	NRCRX	Neuberger Berman Core	Pair Corr
0.95	NRDGX	Neuberger Berman Dividend	Pair Corr
0.94	NRERX	Neuberger Berman Real	Pair Corr
0.94	NREAX	Neuberger Berman Real	Pair Corr
0.89	NREEX	Neuberger Berman Real	Pair Corr
0.94	NRECX	Neuberger Berman Real	Pair Corr
0.74	NRGSX	Neuberger Berman Genesis	Pair Corr
0.72	NRGEX	Neuberger Berman Genesis	Pair Corr
0.69	NRILX	Neuberger Berman Intl	Pair Corr
0.79	NRIQX	Neuberger Berman Int	Pair Corr
0.61	NRINX	Neuberger Berman Int	Pair Corr
0.89	NRLCX	Neuberger Berman Large	Pair Corr
0.82	NRMGX	Neuberger Berman Mid	Pair Corr
0.94	NRREX	Neuberger Berman Real	Pair Corr
0.78	NRSRX	Neuberger Berman Socially	Pair Corr

Related Correlations Analysis

	CICVX	FCSKX	HICSX	CNSCX	FCVSX	VICIX	NCIDX
CICVX		0.92	0.89	0.96	0.78	0.77	0.83	CICVX
FCSKX	0.92		0.84	0.94	0.88	0.9	0.73	FCSKX
HICSX	0.89	0.84		0.85	0.76	0.78	0.96	HICSX
CNSCX	0.96	0.94	0.85		0.84	0.86	0.75	CNSCX
FCVSX	0.78	0.88	0.76	0.84		0.89	0.64	FCVSX
VICIX	0.77	0.9	0.78	0.86	0.89		0.65	VICIX
NCIDX	0.83	0.73	0.96	0.75	0.64	0.65		NCIDX
	CICVX	FCSKX	HICSX	CNSCX	FCVSX	VICIX	NCIDX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
CICVX	0.57	(0.05)	(0.14)	0.91	(0.97)	3.14
FCSKX	0.47	(0.05)	(0.15)	0.76	(0.90)	2.91
HICSX	0.55	(0.05)	1.83	1.02	(1.12)	3.22
CNSCX	0.52	(0.05)	(0.15)	0.84	(0.88)	3.11
FCVSX	0.67	(0.12)	(2.09)	0.95	(1.51)	5.06
VICIX	0.31	(0.04)	3.48	0.55	(0.66)	2.35
NCIDX	0.50	(0.03)	1.23	0.90	(0.91)	3.13

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