Neiman Large Correlations

NEAMX Fund

USD 39.92 0.59 1.46%

The current 90-days correlation between Neiman Large Cap and Calvert Conservative Allocation is -0.1 (i.e., Good 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

Poor diversification

The correlation between Neiman Large Cap and DJI is 0.76 (i.e., 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 state.

Moving together with Neiman Mutual Fund

0.98	NEIMX	Neiman Large Cap	Pair Corr
0.97	VVIAX	Vanguard Value Index	Pair Corr
0.84	AWSHX	Washington Mutual	Pair Corr
0.82	WSHCX	Washington Mutual	Pair Corr
0.83	WSHFX	Washington Mutual	Pair Corr
0.79	FWWMX	American Funds Washington	Pair Corr
0.75	FWMMX	American Funds Washington	Pair Corr
0.84	DODGX	Dodge Stock Fund	Pair Corr
0.93	AMFFX	American Mutual	Pair Corr
0.92	AMFCX	American Mutual	Pair Corr
0.91	LSHAX	Horizon Spin Off	Pair Corr
0.91	LSHCX	Horizon Spin Off	Pair Corr
0.95	OEPSX	Oil Equipment Services	Pair Corr
0.91	LSHUX	Horizon Spin Off	Pair Corr
0.91	LSHEX	Kinetics Spin Off	Pair Corr
0.89	ASHCX	Allianzgi Short Duration	Pair Corr
0.88	PAREX	T Rowe Price	Pair Corr
0.82	NRIQX	Neuberger Berman Int	Pair Corr
0.79	GMXAX	Nationwide Mid Cap	Pair Corr
0.95	HRMVX	Harbor Mid Cap	Pair Corr
0.65	GCEAX	Ab Global E	Pair Corr
0.79	CGGFX	American Funds Global	Pair Corr
0.96	JMCVX	Perkins Mid Cap	Pair Corr
0.95	ALSMX	Archer Multi Cap	Pair Corr
0.92	FFBSX	Fidelity Freedom Blend	Pair Corr
0.91	CLDBX	Compass Capital Low	Pair Corr
0.88	GMOZX	Gmo High Yield	Pair Corr
0.88	LSAAX	Locorr Strategic All	Pair Corr
0.85	TOCQX	Tocqueville Fund	Pair Corr
0.8	HABYX	Hartford Total	Pair Corr
0.96	SVXAX	Smead Funds Trust	Pair Corr
0.86	FKTNX	Franklin Michigan Tax	Pair Corr
0.64	EVMLX	Evaluator Moderate Rms	Pair Corr
0.93	VSSPX	Voya Solution 2060	Pair Corr

Moving against Neiman Mutual Fund

0.88

CISGX

Touchstone Sands Capital

Pair Corr

Related Correlations Analysis

	LIGFX	QDARX	PDNIX	EVFCX	PQCNX	PDSYX	CFAIX
LIGFX		0.88	0.96	0.99	0.81	0.88	0.98	LIGFX
QDARX	0.88		0.86	0.92	0.57	0.73	0.85	QDARX
PDNIX	0.96	0.86		0.93	0.86	0.88	0.93	PDNIX
EVFCX	0.99	0.92	0.93		0.76	0.86	0.98	EVFCX
PQCNX	0.81	0.57	0.86	0.76		0.92	0.8	PQCNX
PDSYX	0.88	0.73	0.88	0.86	0.92		0.84	PDSYX
CFAIX	0.98	0.85	0.93	0.98	0.8	0.84		CFAIX
	LIGFX	QDARX	PDNIX	EVFCX	PQCNX	PDSYX	CFAIX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LIGFX	0.23	0.01	(0.04)	0.07	0.24	(0.25)	0.40	(0.40)	1.39
QDARX	0.07	0.00	(0.21)	0.42	0.00	(0.11)	0.16	(0.16)	0.47
PDNIX	0.13	0.00	(0.15)	0.13	0.08	(0.16)	0.30	(0.20)	0.80
EVFCX	0.25	0.01	(0.04)	0.07	0.25	(0.29)	0.39	(0.57)	1.53
PQCNX	0.16	0.01	(0.14)	(0.26)	0.12	(0.20)	0.35	(0.34)	1.03
PDSYX	0.15	0.06	0.11	0.71	0.00	(0.19)	0.39	(0.25)	0.91
CFAIX	0.21	0.00	(0.07)	0.05	0.23	(0.25)	0.43	(0.52)	1.42

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