Neuberger Berman Correlations

Mutual Funds . USA . 
Fund . Neuberger Berman High
NRHIX Fund  USD 7.76  0.01  0.13%   
The current 90-days correlation between Neuberger Berman High and Neuberger Berman Socially is 0.18 (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.

Neuberger Berman Correlation With Market

Almost no diversification

The correlation between Neuberger Berman High and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Neuberger Berman High 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 High. 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

  0.92NPNEX Neuberger Berman LargePairCorr
  0.92NPNCX Neuberger Berman LargePairCorr
  0.92NPNAX Neuberger Berman LargePairCorr
  0.92NPNRX Neuberger Berman LargePairCorr
  0.92NPRTX Neuberger Berman LargePairCorr
  0.85NHS Neuberger Berman HighPairCorr
  0.88NRAEX Neuberger Berman SusPairCorr
  0.87NRACX Neuberger Berman SociallyPairCorr
  0.88NRARX Neuberger Berman SociallyPairCorr
  0.88NRAAX Neuberger Berman SociallyPairCorr
  0.8NRCRX Neuberger Berman CorePairCorr
  0.85NREMX Neuberger Berman EmergingPairCorr
  0.87NRGSX Neuberger Berman GenesisPairCorr
  0.87NRGEX Neuberger Berman GenesisPairCorr
  0.91NRILX Neuberger Berman IntlPairCorr
  0.9NRIQX Neuberger Berman IntPairCorr
  0.93NRINX Neuberger Berman IntPairCorr
  0.92NRLCX Neuberger Berman LargePairCorr
  0.79NRMGX Neuberger Berman MidPairCorr
  0.94NRSIX Neuberger Berman StrPairCorr
  0.88NRSRX Neuberger Berman SociallyPairCorr
  0.87NSNCX Neuberger Berman SmallPairCorr
  0.87NSNAX Neuberger Berman SmallPairCorr
  0.87NSNRX Neuberger Berman SmallPairCorr
  0.94NSTCX Neuberger Berman StrPairCorr
  0.93NSTAX Neuberger Berman StrPairCorr
  0.87NSRSX Neuberger Berman SmallPairCorr
  0.94NSTLX Neuberger Berman StrPairCorr
  0.93NSTTX Neuberger Berman StrPairCorr
  0.86NBGAX Neuberger Berman GenesisPairCorr
  0.87NBGEX Neuberger Berman GenesisPairCorr
  0.87NBGIX Neuberger Berman GenesisPairCorr
  0.87NBGNX Neuberger Berman GenesisPairCorr
  0.71NBGUX Neuberger Berman GuardianPairCorr

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  0.71  0.23  0.27  0.35  0.41 
(0.85)
 1.48 
(1.16)
 7.11 
NPNCX  0.71  0.22  0.27  0.34  0.43 
(0.85)
 1.47 
(1.16)
 7.09 
NPNAX  0.71  0.23  0.27  0.35  0.42 
(0.85)
 1.47 
(1.12)
 7.10 
NPNRX  0.70  0.23  0.27  0.35  0.42 
(0.85)
 1.46 
(1.14)
 7.12 
NPRTX  0.71  0.23  0.27  0.35  0.41 
(0.85)
 1.48 
(1.12)
 7.13 
NHS  0.52  0.08  0.05  0.38  0.57 
(0.60)
 1.38 
(0.84)
 3.92 
NRAEX  0.69  0.09  0.08  0.20  0.65 
(0.74)
 1.37 
(1.31)
 6.91 
NRACX  0.69  0.08  0.07  0.19  0.65 
(0.76)
 1.38 
(1.30)
 6.91 
NRARX  0.69  0.08  0.07  0.19  0.64 
(0.76)
 1.38 
(1.31)
 6.90 
NRAAX  0.69  0.08  0.07  0.19  0.64 
(0.76)
 1.38 
(1.30)
 6.90 

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