Neiman Large Correlations

Mutual Funds . USA . 
Fund . Neiman Large Cap
NEAMX Fund  USD 39.37  0.30  0.76%   
The current 90-days correlation between Neiman Large Cap and Lord Abbett Diversified is 0.87 (i.e., Very poor diversification). The correlation of Neiman Large 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.

Neiman Large Correlation With Market

Very poor diversification

The correlation between Neiman Large Cap and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Neiman Large Cap 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 Neiman Large Cap. 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 persons.

Moving together with Neiman Mutual Fund

  1.0NEIMX Neiman Large CapPairCorr
  0.96VVIAX Vanguard Value IndexPairCorr
  0.88AWSHX Washington MutualPairCorr
  0.88WSHCX Washington MutualPairCorr
  0.91WSHFX Washington MutualPairCorr
  0.88FWWMX American Funds WashingtonPairCorr
  0.88FWMMX American Funds WashingtonPairCorr
  0.86DODGX Dodge Stock FundPairCorr
  0.84AMFFX American MutualPairCorr
  0.84AMFCX American MutualPairCorr
  0.81EKWDX Wells Fargo AdvantagePairCorr
  0.93PMPIX Precious Metals UltrPairCorr
  0.93PMPSX Precious Metals UltrPairCorr
  0.92AYBLX Pioneer Classic BalancedPairCorr
  0.82WRHIX Ivy High IncomePairCorr
  0.9LGCRX Lord Abbett GlobalPairCorr
  0.9MAISX Victory IntegrityPairCorr
  0.81RYMEX Commodities StrategyPairCorr
  0.8CGFAX Growth FundPairCorr
  0.95BIICX Blackrock Incm PtfPairCorr
  0.83NCBIX New Enant BalancedPairCorr
  0.92BDSAX Blackrock Advantage SmallPairCorr
  0.97VTSNX Vanguard Total InterPairCorr
  0.92BVAOX Broadview OpportunityPairCorr
  0.93IRMPX Voya Retirement ModeratePairCorr
  0.97MSACX Active InternationalPairCorr
  0.8IGZAX Voya Short TermPairCorr
  0.97MXHRX Great West ModeratelyPairCorr
  0.85JHTRX Jpmorgan Hedged EquityPairCorr
  0.93CGIEX International Growth AndPairCorr
  0.79DDFIX Invesco DiversifiedPairCorr
  0.78MDFGX Blackrock CapitalPairCorr
  0.64IGBRX Voya Global BondPairCorr
  0.94LPVRX Blackrock LifepathPairCorr
  0.97MXLDX Great-west SecurefoundationPairCorr
  0.75CAAFX Short Term BondPairCorr
  0.81GFFFX Growth FundPairCorr

Moving against Neiman Mutual Fund

  0.32AMRMX American MutualPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Neiman Mutual Fund performing well and Neiman Large 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 Neiman Large'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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