Neuberger Berman Correlations

Mutual Funds . USA . 
Fund . Neuberger Berman Mid
NBMLX Fund  USD 15.03  0.59  4.09%   
The current 90-days correlation between Neuberger Berman Mid and Neuberger Berman Socially is -0.08 (i.e., Good 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

Very poor diversification

The correlation between Neuberger Berman Mid and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Neuberger Berman Mid 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 Mid. 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 metropolitan statistical area.

Moving together with Neuberger Mutual Fund

  0.7NPNEX Neuberger Berman LargePairCorr
  0.91NPNCX Neuberger Berman LargePairCorr
  0.7NPNAX Neuberger Berman LargePairCorr
  0.7NPNRX Neuberger Berman LargePairCorr
  0.7NPRTX Neuberger Berman LargePairCorr
  0.64NHS Neuberger Berman HighPairCorr
  0.78NRAEX Neuberger Berman SusPairCorr
  0.78NRACX Neuberger Berman SociallyPairCorr
  0.78NRARX Neuberger Berman SociallyPairCorr
  0.78NRAAX Neuberger Berman SociallyPairCorr
  0.7NREMX Neuberger Berman EmergingPairCorr
  0.81NRGSX Neuberger Berman GenesisPairCorr
  0.81NRHIX Neuberger Berman HighPairCorr
  0.98NRGEX Neuberger Berman GenesisPairCorr
  0.94NRILX Neuberger Berman IntlPairCorr
  0.82NRIQX Neuberger Berman IntPairCorr
  0.91NRINX Neuberger Berman IntPairCorr
  0.91NRLCX Neuberger Berman LargePairCorr
  0.88NRMGX Neuberger Berman MidPairCorr
  0.94NRSRX Neuberger Berman SociallyPairCorr
  0.81NSNCX Neuberger Berman SmallPairCorr
  0.92NSNAX Neuberger Berman SmallPairCorr
  0.8NSNRX Neuberger Berman SmallPairCorr
  0.77NSTCX Neuberger Berman StrPairCorr
  0.76NSTAX Neuberger Berman StrPairCorr
  0.92NSRSX Neuberger Berman SmallPairCorr
  0.76NSTLX Neuberger Berman StrPairCorr
  0.75NSTTX Neuberger Berman StrPairCorr
  0.98NBGAX Neuberger Berman GenesisPairCorr
  0.98NBGEX Neuberger Berman GenesisPairCorr
  0.98NBGIX Neuberger Berman GenesisPairCorr
  0.98NBGNX Neuberger Berman GenesisPairCorr
  0.9NBGUX Neuberger Berman GuardianPairCorr

Related Correlations Analysis


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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
NPNEX  0.69  0.33  0.32 (1.32) 0.12 
(0.87)
 1.48 
(1.10)
 6.54 
NPNCX  0.69  0.23  0.30  0.38  0.27 
(0.86)
 1.47 
(1.12)
 6.52 
NPNAX  0.69  0.32  0.31 (1.30) 0.17 
(0.87)
 1.47 
(1.12)
 6.56 
NPNRX  0.69  0.32  0.32 (1.30) 0.16 
(0.87)
 1.46 
(1.10)
 6.55 
NPRTX  0.69  0.32  0.31 (1.30) 0.19 
(0.87)
 1.48 
(1.12)
 6.58 
NHS  0.49  0.07  0.01  0.38  0.55 
(0.58)
 1.15 
(0.84)
 3.92 
NRAEX  0.68  0.18  0.12 (2.97) 0.52 
(0.75)
 1.37 
(0.96)
 6.91 
NRACX  0.68  0.17  0.11 (2.86) 0.53 
(0.77)
 1.38 
(0.99)
 6.91 
NRARX  0.68  0.17  0.11 (2.90) 0.52 
(0.76)
 1.38 
(0.98)
 6.90 
NRAAX  0.68  0.17  0.11 (3.03) 0.52 
(0.76)
 1.38 
(0.97)
 6.90 

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