Neuberger Berman Correlations

NRO Fund

USD 2.99 0.01 0.33%

The current 90-days correlation between Neuberger Berman and Flaherty Crumrine Preferredome is 0.18 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Neuberger Berman moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Neuberger Berman Re moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Neuberger Berman Re. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Neuberger Fund

0.83	PTY	Pimco Corporate Income	Pair Corr
0.64	PCN	Pimco Corporate Income	Pair Corr

Moving against Neuberger Fund

0.35	PEQIX	Pioneer Equity Income	Pair Corr
0.32	PIORX	Pioneer Fund Class	Pair Corr
0.32	GLPAX	Goldman Sachs Mlp	Pair Corr

Related Correlations Analysis

	PFD	BWG	GGT	ECF	MHF	NXDT	PIM	ENHRX	DNMDX	DMO
PFD		0.69	0.62	0.67	-0.06	0.57	0.37	0.6	0.58	-0.57	PFD
BWG	0.69		0.64	0.67	0.17	0.8	0.15	0.76	0.61	-0.66	BWG
GGT	0.62	0.64		0.61	-0.25	0.73	0.11	0.93	0.95	-0.9	GGT
ECF	0.67	0.67	0.61		0.06	0.55	0.18	0.58	0.51	-0.5	ECF
MHF	-0.06	0.17	-0.25	0.06		-0.13	-0.05	-0.15	-0.35	0.26	MHF
NXDT	0.57	0.8	0.73	0.55	-0.13		0.04	0.84	0.75	-0.76	NXDT
PIM	0.37	0.15	0.11	0.18	-0.05	0.04		0.15	0.17	0.0	PIM
ENHRX	0.6	0.76	0.93	0.58	-0.15	0.84	0.15		0.94	-0.9	ENHRX
DNMDX	0.58	0.61	0.95	0.51	-0.35	0.75	0.17	0.94		-0.89	DNMDX
DMO	-0.57	-0.66	-0.9	-0.5	0.26	-0.76	0.0	-0.9	-0.89		DMO
	PFD	BWG	GGT	ECF	MHF	NXDT	PIM	ENHRX	DNMDX	DMO

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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

DNMDX	+ 0.95	GGT
DNMDX	+ 0.94	ENHRX
ENHRX	+ 0.93	GGT
ENHRX	+ 0.84	NXDT
NXDT	+ 0.8	BWG
ENHRX	+ 0.76	BWG

High negative correlations

DMO	- 0.9	ENHRX
DMO	- 0.9	GGT
DMO	- 0.89	DNMDX
DMO	- 0.76	NXDT
DMO	- 0.66	BWG
DMO	- 0.57	PFD

Risk-Adjusted Indicators

There is a big difference between Neuberger Fund performing well and Neuberger Berman 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
PFD	0.41	0.02	(0.07)	0.21	0.51	(0.45)	1.14	(0.86)	2.97
BWG	0.46	(0.01)	(0.08)	0.04	0.53	(0.53)	1.08	(0.96)	3.03
GGT	0.83	0.13	0.09	0.29	0.80	(1.09)	1.71	(1.94)	5.19
ECF	0.89	0.07	0.01	0.34	1.12	(0.94)	1.64	(2.00)	4.18
MHF	0.47	(0.05)	0.00	(0.14)	0.00	0.00	0.88	(1.01)	4.25
NXDT	4.28	0.65	0.13	0.47	4.80	(4.91)	10.00	(6.93)	28.03
PIM	0.63	0.00	(0.08)	0.06	0.62	(0.83)	1.54	(0.94)	4.02
ENHRX	0.48	0.05	0.04	0.16	0.36	(0.61)	1.20	(0.86)	2.83
DNMDX	0.05	0.02	(0.58)	0.59	0.00	(0.08)	0.14	(0.10)	0.31
DMO	0.49	(0.09)	0.00	(0.36)	0.00	0.00	0.96	(1.19)	3.82

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