Neuberger Berman Correlations

NLSIX Fund

USD 19.87 0.10 0.50%

The current 90-days correlation between Neuberger Berman Long and Ashmore Emerging Markets is 0.12 (i.e., Average 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.

Check out Correlation Analysis to better understand how to build diversified portfolios. 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 gross domestic product.

Moving together with Neuberger Mutual Fund

0.72

NBGUX

Neuberger Berman Guardian

Pair Corr

Moving against Neuberger Mutual Fund

0.43	NRREX	Neuberger Berman Real	Pair Corr
0.41	NREAX	Neuberger Berman Real	Pair Corr
0.4	NRERX	Neuberger Berman Real	Pair Corr
0.4	NREEX	Neuberger Berman Real	Pair Corr
0.4	NRECX	Neuberger Berman Real	Pair Corr
0.32	NBHAX	Neuberger Berman Equity	Pair Corr
0.32	NBHEX	Neuberger Berman Equity	Pair Corr
0.32	NBHCX	Neuberger Berman Equity	Pair Corr
0.32	NBHIX	Neuberger Berman Equity	Pair Corr
0.32	NBHRX	Neuberger Berman Equity	Pair Corr

Related Correlations Analysis

	TIMXX	DSHXX	QCMMIX	LDMAX	PAELX	PCEXX	ELBIX
TIMXX		0.0	0.0	0.0	0.0	0.0	0.0	TIMXX
DSHXX	0.0		0.0	0.0	0.0	0.0	0.0	DSHXX
QCMMIX	0.0	0.0		0.95	0.96	0.0	0.96	QCMMIX
LDMAX	0.0	0.0	0.95		0.91	0.0	0.91	LDMAX
PAELX	0.0	0.0	0.96	0.91		0.0	0.99	PAELX
PCEXX	0.0	0.0	0.0	0.0	0.0		0.0	PCEXX
ELBIX	0.0	0.0	0.96	0.91	0.99	0.0		ELBIX
	TIMXX	DSHXX	QCMMIX	LDMAX	PAELX	PCEXX	ELBIX

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

ELBIX	+ 0.99	PAELX
PAELX	+ 0.96	QCMMIX
ELBIX	+ 0.96	QCMMIX
LDMAX	+ 0.95	QCMMIX
PAELX	+ 0.91	LDMAX
ELBIX	+ 0.91	LDMAX

High negative correlations

ELBIX	- 0.0	PCEXX
PCEXX	- 0.0	PAELX
PCEXX	- 0.0	LDMAX
PCEXX	- 0.0	QCMMIX
ELBIX	- 0.0	DSHXX
PCEXX	- 0.0	DSHXX

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
TIMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DSHXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
QCMMIX	0.02	0.01	0.00	3.41	0.00	0.00	0.03	0.00	0.03
LDMAX	0.15	0.03	(0.12)	(0.51)	0.00	(0.31)	0.45	(0.23)	1.34
PAELX	0.23	0.06	(0.02)	(2.06)	0.00	(0.34)	0.58	(0.39)	1.16
PCEXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ELBIX	0.23	0.07	0.01	(1.89)	0.09	(0.30)	0.56	(0.41)	2.07

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