Neuberger Berman Correlations

Mutual Funds . USA . 
Fund . Neuberger Berman Floating
NFICX Fund  USD 9.19  0.01  0.11%   
The current 90-days correlation between Neuberger Berman Floating and Neuberger Berman Socially is 0.09 (i.e., Significant 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 weak diversification

The correlation between Neuberger Berman Floating and DJI is 0.45 (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 Floating 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 Floating. 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 unemployment.

Moving against Neuberger Mutual Fund

  0.36NRERX Neuberger Berman RealPairCorr
  0.35NREAX Neuberger Berman RealPairCorr
  0.35NRECX Neuberger Berman RealPairCorr
  0.35NRREX Neuberger Berman RealPairCorr
  0.33NREEX Neuberger Berman RealPairCorr

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  0.66  0.25  0.32  0.42  0.04 
(0.81)
 1.48 
(0.98)
 7.11 
NPNCX  0.66  0.24  0.31  0.41  0.15 
(0.80)
 1.47 
(1.00)
 7.09 
NPNAX  0.67  0.33  0.33 (2.69) 0.06 
(0.83)
 1.47 
(1.00)
 7.10 
NPNRX  0.66  0.25  0.31  0.42  0.15 
(0.80)
 1.46 
(0.99)
 7.12 
NPRTX  0.58  0.17  0.20  0.30  0.37 
(0.69)
 1.41 
(0.98)
 4.00 
NHS  0.47  0.16  0.16  0.98  0.00 
(0.59)
 1.40 
(0.83)
 3.90 
NRAEX  0.67  0.13  0.13  0.29  0.51 
(0.75)
 1.37 
(1.26)
 7.01 
NRACX  0.64  0.15  0.10  1.52  0.51 
(0.73)
 1.38 
(1.28)
 6.98 
NRARX  0.64  0.09  0.08  0.22  0.54 
(0.72)
 1.38 
(1.26)
 6.97 
NRAAX  0.64  0.09  0.08  0.22  0.54 
(0.72)
 1.37 
(1.25)
 6.97 

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