Neuberger Berman Correlations

NBXG Stock

USD 13.10 0.05 0.38%

The current 90-days correlation between Neuberger Berman Next and Highland Floating Rate is 0.32 (i.e., 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.

Neuberger Berman Correlation With Market

Very weak diversification

The correlation between Neuberger Berman Next and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Neuberger Berman Next 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 Next. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with Neuberger Stock

0.77	DIST	Distoken Acquisition	Pair Corr
0.76	AB	AllianceBernstein	Pair Corr
0.83	AC	Associated Capital	Pair Corr
0.94	BN	Brookfield Corp	Pair Corr
0.83	BX	Blackstone Group Normal Trading	Pair Corr
0.92	CG	Carlyle Group	Pair Corr
0.69	DB	Deutsche Bank AG	Pair Corr
0.77	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.74	LC	LendingClub Corp	Pair Corr
0.86	LX	Lexinfintech Holdings	Pair Corr
0.83	MA	Mastercard	Pair Corr
0.75	MC	Moelis Potential Growth	Pair Corr
0.84	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.87	PX	P10 Inc	Pair Corr
0.84	QD	Qudian Inc	Pair Corr
0.9	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.88	TW	Tradeweb Markets Normal Trading	Pair Corr
0.72	WT	WisdomTree	Pair Corr
0.9	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.66	VIRT	Virtu Financial Normal Trading	Pair Corr
0.74	DYCQ	DT Cloud Acquisition	Pair Corr

Moving against Neuberger Stock

0.69	PT	Pintec Technology	Pair Corr
0.67	RC	Ready Capital Corp	Pair Corr
0.48	RM	Regional Management Corp	Pair Corr
0.86	BRACU	Broad Capital Acquisition	Pair Corr
0.7	XP	Xp Inc	Pair Corr
0.58	WU	Western Union	Pair Corr
0.54	EMCGU	Embrace Change Acqui	Pair Corr
0.35	TETEW	Technology Telecommunicatio	Pair Corr
0.32	DMYY	dMY Squared Technology	Pair Corr

Related Correlations Analysis

	HFRO	STEW	NMCO	DSL	NRGX	DLY	HGLB	BMEZ	BCAT	BSTZ
HFRO		-0.7	0.84	0.57	-0.83	0.44	0.38	0.3	-0.25	-0.84	HFRO
STEW	-0.7		-0.5	-0.11	0.74	0.04	-0.06	0.06	0.67	0.8	STEW
NMCO	0.84	-0.5		0.65	-0.69	0.65	0.33	0.27	0.07	-0.74	NMCO
DSL	0.57	-0.11	0.65		-0.36	0.88	0.27	0.44	0.29	-0.3	DSL
NRGX	-0.83	0.74	-0.69	-0.36		-0.21	-0.03	-0.1	0.53	0.91	NRGX
DLY	0.44	0.04	0.65	0.88	-0.21		0.2	0.33	0.45	-0.2	DLY
HGLB	0.38	-0.06	0.33	0.27	-0.03	0.2		0.25	0.32	-0.15	HGLB
BMEZ	0.3	0.06	0.27	0.44	-0.1	0.33	0.25		0.17	-0.03	BMEZ
BCAT	-0.25	0.67	0.07	0.29	0.53	0.45	0.32	0.17		0.52	BCAT
BSTZ	-0.84	0.8	-0.74	-0.3	0.91	-0.2	-0.15	-0.03	0.52		BSTZ
	HFRO	STEW	NMCO	DSL	NRGX	DLY	HGLB	BMEZ	BCAT	BSTZ

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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

BSTZ	+ 0.91	NRGX
DLY	+ 0.88	DSL
NMCO	+ 0.84	HFRO
BSTZ	+ 0.8	STEW
NRGX	+ 0.74	STEW
BCAT	+ 0.67	STEW

High negative correlations

BSTZ	- 0.84	HFRO
NRGX	- 0.83	HFRO
BSTZ	- 0.74	NMCO
STEW	- 0.7	HFRO
NRGX	- 0.69	NMCO
NMCO	- 0.5	STEW

Risk-Adjusted Indicators

There is a big difference between Neuberger Stock performing well and Neuberger Berman Company 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
HFRO	0.77	(0.20)	0.00	(0.82)	0.00	0.00	1.52	(1.77)	4.79
STEW	0.59	0.00	(0.02)	0.10	0.61	(0.64)	1.10	(1.20)	4.86
NMCO	0.53	(0.04)	0.00	(3.93)	0.00	0.00	1.04	(1.35)	3.99
DSL	0.45	(0.02)	(0.19)	(0.01)	0.48	(0.58)	1.11	(0.87)	2.90
NRGX	1.01	0.13	0.06	0.35	1.14	(1.08)	2.23	(2.05)	7.31
DLY	0.49	(0.01)	(0.13)	0.06	0.59	(0.54)	0.94	(1.07)	3.46
HGLB	0.63	(0.03)	(0.09)	0.02	0.92	(0.63)	1.15	(1.81)	4.24
BMEZ	0.59	(0.09)	0.00	(0.05)	0.00	0.00	1.11	(1.10)	3.56
BCAT	0.46	0.00	(0.09)	0.11	0.48	(0.53)	1.10	(0.76)	2.93
BSTZ	0.91	0.06	0.05	0.17	1.02	(0.93)	1.62	(1.63)	4.77

Neuberger Berman Corporate Management

Anthony Bernardo	Assistant Treasurer	Profile
Anthony Maltese	Vice President	Profile
Deborah Mclean	Director	Profile
Tom Seip	Independent Fund Chairman of the Board	Profile
Martha Goss	Independent Fund Director	Profile
George Morriss	Independent Fund Director	Profile
Agnes Diaz	Vice President	Profile

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