Neuberger Berman Correlations

NFICX Fund

USD 9.46 0.01 0.11%

The current 90-days correlation between Neuberger Berman Floating and Neuberger Berman Large is -0.17 (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

Good diversification

The correlation between Neuberger Berman Floating and DJI is -0.19 (i.e., Good 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 main economic indicators.

Moving together with Neuberger Mutual Fund

0.68	NPNEX	Neuberger Berman Large	Pair Corr
0.65	NPNRX	Neuberger Berman Large	Pair Corr
0.84	NRARX	Neuberger Berman Socially	Pair Corr
0.73	NRDGX	Neuberger Berman Dividend	Pair Corr
0.8	NRGSX	Neuberger Berman Genesis	Pair Corr
0.74	NRINX	Neuberger Berman Int	Pair Corr
0.82	NSNCX	Neuberger Berman Small	Pair Corr
0.82	NSRSX	Neuberger Berman Small	Pair Corr
0.8	NBGIX	Neuberger Berman Genesis	Pair Corr
0.8	NBGNX	Neuberger Berman Genesis	Pair Corr
0.8	NBGUX	Neuberger Berman Guardian	Pair Corr
0.8	NBGTX	Neuberger Berman Guardian	Pair Corr
0.78	NBFAX	Neuberger Berman Focus	Pair Corr
0.78	NBFCX	Neuberger Berman Focus	Pair Corr
0.75	NBHAX	Neuberger Berman Equity	Pair Corr
0.73	NBHCX	Neuberger Berman Equity	Pair Corr
0.9	NBMLX	Neuberger Berman Mid	Pair Corr
0.82	NBMIX	Neuberger Berman Small	Pair Corr
0.82	NBMOX	Neuberger Berman Small	Pair Corr
0.9	NBMTX	Neuberger Berman Mid	Pair Corr
0.9	NBMBX	Neuberger Berman Mid	Pair Corr
0.67	NBPIX	Neuberger Berman Large	Pair Corr
0.82	NBREX	Neuberger Berman Mid	Pair Corr
0.81	NBRRX	Neuberger Berman Mid	Pair Corr
0.66	NBPTX	Neuberger Berman Large	Pair Corr

Moving against Neuberger Mutual Fund

0.84	NRILX	Neuberger Berman Intl	Pair Corr
0.83	NBIIX	Neuberger Berman Int	Pair Corr
0.8	NRCRX	Neuberger Berman Core	Pair Corr
0.53	NHS	Neuberger Berman High	Pair Corr
0.86	NBNCX	Neuberger Berman Int	Pair Corr
0.85	NBNAX	Neuberger Berman Int	Pair Corr
0.83	NCRCX	Neuberger Berman E	Pair Corr
0.82	NCRIX	Neuberger Berman E	Pair Corr

Related Correlations Analysis

	NPNEX	NPNCX	NPNAX	NPNRX	NPRTX	NHS	NRACX	NRABX	NRARX	NRAAX
NPNEX		1.0	1.0	1.0	1.0	-0.2	0.82	0.73	0.82	0.82	NPNEX
NPNCX	1.0		1.0	1.0	1.0	-0.16	0.79	0.73	0.79	0.79	NPNCX
NPNAX	1.0	1.0		1.0	1.0	-0.18	0.8	0.73	0.8	0.8	NPNAX
NPNRX	1.0	1.0	1.0		1.0	-0.17	0.8	0.73	0.8	0.8	NPNRX
NPRTX	1.0	1.0	1.0	1.0		-0.18	0.81	0.73	0.81	0.81	NPRTX
NHS	-0.2	-0.16	-0.18	-0.17	-0.18		-0.46	0.19	-0.47	-0.47	NHS
NRACX	0.82	0.79	0.8	0.8	0.81	-0.46		0.58	1.0	1.0	NRACX
NRABX	0.73	0.73	0.73	0.73	0.73	0.19	0.58		0.59	0.59	NRABX
NRARX	0.82	0.79	0.8	0.8	0.81	-0.47	1.0	0.59		1.0	NRARX
NRAAX	0.82	0.79	0.8	0.8	0.81	-0.47	1.0	0.59	1.0		NRAAX
	NPNEX	NPNCX	NPNAX	NPNRX	NPRTX	NHS	NRACX	NRABX	NRARX	NRAAX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

NPNCX	+ 1.0	NPNEX
NPNAX	+ 1.0	NPNEX
NPNRX	+ 1.0	NPNEX
NPRTX	+ 1.0	NPNEX
NPNAX	+ 1.0	NPNCX
NPNRX	+ 1.0	NPNCX

High negative correlations

NRAAX	- 0.47	NHS
NRARX	- 0.47	NHS
NRACX	- 0.46	NHS
NHS	- 0.2	NPNEX
NHS	- 0.18	NPRTX
NHS	- 0.18	NPNAX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NPNEX	0.48	(0.01)	(0.11)	0.11	0.42	(0.53)	1.07	(0.76)	2.69
NPNCX	0.48	(0.02)	(0.12)	0.10	0.43	(0.53)	1.06	(0.75)	2.70
NPNAX	0.48	(0.02)	(0.11)	0.10	0.43	(0.52)	1.05	(0.77)	2.71
NPNRX	0.48	(0.02)	(0.12)	0.10	0.43	(0.52)	1.05	(0.77)	2.70
NPRTX	0.48	(0.02)	(0.11)	0.10	0.43	(0.52)	1.05	(0.75)	2.71
NHS	0.72	(0.05)	0.00	(0.24)	0.00	0.00	1.48	(1.60)	6.93
NRACX	0.56	0.00	(0.01)	0.13	0.57	(0.64)	1.03	(1.39)	4.83
NRABX	0.22	(0.02)	(0.43)	0.03	0.21	(0.25)	0.33	(0.41)	1.24
NRARX	0.55	0.01	(0.01)	0.13	0.57	(0.64)	1.04	(1.38)	4.83
NRAAX	0.55	0.01	(0.01)	0.14	0.56	(0.64)	1.03	(1.38)	4.82

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC