Neuberger Berman Correlations

NBMIX Fund

USD 51.37 0.73 1.44%

The current 90-days correlation between Neuberger Berman Small and Dodge Cox Emerging is 0.24 (i.e., Modest 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 Small and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Neuberger Berman Small 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 Small. 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 gross domestic product.

Moving together with Neuberger Mutual Fund

0.73	VSGAX	Vanguard Small Cap	Pair Corr
0.73	VSGIX	Vanguard Small Cap	Pair Corr
0.73	VISGX	Vanguard Small Cap	Pair Corr
0.86	VEXPX	Vanguard Explorer	Pair Corr
0.86	VEXRX	Vanguard Explorer	Pair Corr
0.85	JGMIX	Janus Triton	Pair Corr
0.8	JGMRX	Janus Triton	Pair Corr
0.85	JGMAX	Janus Triton	Pair Corr
0.84	JGMCX	Janus Triton	Pair Corr
0.87	JGMNX	Janus Triton	Pair Corr
0.67	NHS	Neuberger Berman High	Pair Corr
0.71	CVX	Chevron Corp Earnings Call Today	Pair Corr
0.83	AA	Alcoa Corp	Pair Corr
0.68	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.72	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr
0.74	TRV	The Travelers Companies	Pair Corr
0.72	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.63	VZ	Verizon Communications	Pair Corr
0.64	HPQ	HP Inc	Pair Corr

Moving against Neuberger Mutual Fund

0.6	BA	Boeing	Pair Corr
0.41	PFE	Pfizer Inc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	DODEX	RYVYX	EGLNX	QTERX	ARTYX	RYMBX	RBLCX	RYDCX
DODEX		0.18	-0.55	0.96	0.26	-0.51	0.46	0.27	DODEX
RYVYX	0.18		0.3	0.23	0.77	-0.2	0.79	0.69	RYVYX
EGLNX	-0.55	0.3		-0.55	0.2	0.61	0.35	0.5	EGLNX
QTERX	0.96	0.23	-0.55		0.27	-0.47	0.44	0.21	QTERX
ARTYX	0.26	0.77	0.2	0.27		-0.3	0.79	0.67	ARTYX
RYMBX	-0.51	-0.2	0.61	-0.47	-0.3		-0.14	-0.13	RYMBX
RBLCX	0.46	0.79	0.35	0.44	0.79	-0.14		0.88	RBLCX
RYDCX	0.27	0.69	0.5	0.21	0.67	-0.13	0.88		RYDCX
	DODEX	RYVYX	EGLNX	QTERX	ARTYX	RYMBX	RBLCX	RYDCX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

QTERX	+ 0.96	DODEX
RYDCX	+ 0.88	RBLCX
RBLCX	+ 0.79	RYVYX
RBLCX	+ 0.79	ARTYX
ARTYX	+ 0.77	RYVYX
RYDCX	+ 0.69	RYVYX

High negative correlations

QTERX	- 0.55	EGLNX
EGLNX	- 0.55	DODEX
RYMBX	- 0.51	DODEX
RYMBX	- 0.47	QTERX
RYMBX	- 0.3	ARTYX
RYMBX	- 0.2	RYVYX

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
DODEX	0.52	(0.07)	0.00	(0.14)	0.00	0.00	1.00	(1.09)	3.17
RYVYX	1.89	0.04	0.00	0.17	2.72	(1.93)	3.33	(4.92)	12.68
EGLNX	0.97	0.16	0.07	0.48	1.32	(1.01)	2.03	(2.48)	6.78
QTERX	0.61	(0.09)	0.00	(0.14)	0.00	0.00	1.26	(1.54)	3.48
ARTYX	0.79	0.04	(0.03)	0.31	1.04	(0.76)	1.40	(1.59)	4.65
RYMBX	0.69	0.05	(0.03)	0.28	0.69	(0.86)	1.82	(1.40)	4.46
RBLCX	0.38	(0.01)	(0.11)	0.06	0.57	(0.37)	0.77	(0.76)	2.90
RYDCX	1.08	0.02	0.00	0.12	1.42	(1.14)	2.44	(1.76)	12.01

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