Neuberger Berman Correlations

NLSCX Fund

USD 18.55 0.06 0.32%

The current 90-days correlation between Neuberger Berman Long and Fa 529 Aggressive is -0.01 (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

Very good diversification

The correlation between Neuberger Berman Long and DJI is -0.36 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Neuberger Berman Long 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 Long. 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 services.

Moving against Neuberger Mutual Fund

0.54	NRGSX	Neuberger Berman Genesis	Pair Corr
0.54	NRGEX	Neuberger Berman Genesis	Pair Corr
0.53	NPNCX	Neuberger Berman Large	Pair Corr
0.53	NPNRX	Neuberger Berman Large	Pair Corr
0.53	NPRTX	Neuberger Berman Large	Pair Corr
0.53	NRLCX	Neuberger Berman Large	Pair Corr
0.51	NPNEX	Neuberger Berman Large	Pair Corr
0.51	NPNAX	Neuberger Berman Large	Pair Corr
0.47	NRIQX	Neuberger Berman Int	Pair Corr
0.46	NRAEX	Neuberger Berman Sus	Pair Corr
0.46	NRILX	Neuberger Berman Intl	Pair Corr
0.45	NRARX	Neuberger Berman Socially	Pair Corr
0.45	NRAAX	Neuberger Berman Socially	Pair Corr
0.44	NRMGX	Neuberger Berman Mid	Pair Corr
0.42	NRACX	Neuberger Berman Socially	Pair Corr
0.4	NRINX	Neuberger Berman Int	Pair Corr
0.38	NRHIX	Neuberger Berman High	Pair Corr
0.34	NRCRX	Neuberger Berman Core	Pair Corr
0.34	NREMX	Neuberger Berman Emerging	Pair Corr
0.54	NBGAX	Neuberger Berman Genesis	Pair Corr
0.54	NBGEX	Neuberger Berman Genesis	Pair Corr
0.54	NBGNX	Neuberger Berman Genesis	Pair Corr
0.52	NBHCX	Neuberger Berman Equity	Pair Corr
0.52	NBHIX	Neuberger Berman Equity	Pair Corr
0.5	NBGIX	Neuberger Berman Genesis	Pair Corr
0.49	NBHAX	Neuberger Berman Equity	Pair Corr
0.49	NBHEX	Neuberger Berman Equity	Pair Corr
0.49	NBHRX	Neuberger Berman Equity	Pair Corr
0.47	NBIIX	Neuberger Berman Int	Pair Corr
0.43	NRSRX	Neuberger Berman Socially	Pair Corr
0.4	NSTTX	Neuberger Berman Str	Pair Corr
0.38	NRSIX	Neuberger Berman Str	Pair Corr
0.38	NSTLX	Neuberger Berman Str	Pair Corr
0.38	NBFAX	Neuberger Berman Focus	Pair Corr

Related Correlations Analysis

	XMHFX	FIJFX	CPUCX	OPTCX	FKORQX	VOLJX	VOLMX	FFCGX
XMHFX		-0.18	-0.31	-0.44	-0.04	-0.39	-0.25	-0.23	XMHFX
FIJFX	-0.18		0.77	0.91	-0.88	0.71	0.93	0.96	FIJFX
CPUCX	-0.31	0.77		0.76	-0.64	0.66	0.82	0.77	CPUCX
OPTCX	-0.44	0.91	0.76		-0.72	0.87	0.94	0.94	OPTCX
FKORQX	-0.04	-0.88	-0.64	-0.72		-0.47	-0.75	-0.81	FKORQX
VOLJX	-0.39	0.71	0.66	0.87	-0.47		0.86	0.84	VOLJX
VOLMX	-0.25	0.93	0.82	0.94	-0.75	0.86		0.96	VOLMX
FFCGX	-0.23	0.96	0.77	0.94	-0.81	0.84	0.96		FFCGX
	XMHFX	FIJFX	CPUCX	OPTCX	FKORQX	VOLJX	VOLMX	FFCGX

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

FFCGX	+ 0.96	FIJFX
FFCGX	+ 0.96	VOLMX
VOLMX	+ 0.94	OPTCX
FFCGX	+ 0.94	OPTCX
VOLMX	+ 0.93	FIJFX
OPTCX	+ 0.91	FIJFX

High negative correlations

FKORQX	- 0.88	FIJFX
FFCGX	- 0.81	FKORQX
VOLMX	- 0.75	FKORQX
FKORQX	- 0.72	OPTCX
FKORQX	- 0.64	CPUCX
VOLJX	- 0.47	FKORQX

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
XMHFX	0.09	(0.01)	0.00	0.37	0.00	0.00	0.14	(0.29)	0.72
FIJFX	0.95	0.25	0.20	0.32	0.87	(1.06)	2.11	(1.73)	5.59
CPUCX	0.14	0.01	(0.33)	0.20	0.07	(0.18)	0.32	(0.32)	0.75
OPTCX	0.14	0.00	(0.31)	0.10	0.00	(0.20)	0.30	(0.30)	1.00
FKORQX	0.06	(0.04)	0.00	2.17	0.00	0.00	0.03	(0.02)	2.22
VOLJX	0.62	(0.05)	(0.06)	0.03	0.85	(0.68)	1.39	(1.40)	4.25
VOLMX	0.56	0.02	0.00	0.11	0.56	(0.64)	1.33	(0.92)	3.45
FFCGX	0.57	0.05	0.03	0.15	0.63	(0.59)	1.07	(1.21)	2.84

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