Neuberger Berman Correlations

Mutual Funds . USA . 
Fund . Neuberger Berman Focus
NBFAX Fund  USD 34.37  0.05  0.15%   
The current 90-days correlation between Neuberger Berman Focus and Neuberger Berman Large is -0.23 (i.e., Very 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 poor diversification

The correlation between Neuberger Berman Focus and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Neuberger Berman Focus 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 Focus. 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 nation.

Moving together with Neuberger Mutual Fund

  0.76NPNEX Neuberger Berman LargePairCorr
  0.99NPNCX Neuberger Berman LargePairCorr
  0.99NPNAX Neuberger Berman LargePairCorr
  0.99NPNRX Neuberger Berman LargePairCorr
  0.76NPRTX Neuberger Berman LargePairCorr
  0.98NRAEX Neuberger Berman SusPairCorr
  0.75NRACX Neuberger Berman SociallyPairCorr
  0.67NRARX Neuberger Berman SociallyPairCorr
  0.98NRAAX Neuberger Berman SociallyPairCorr
  0.72NRCRX Neuberger Berman CorePairCorr
  0.99NRDGX Neuberger Berman DividendPairCorr
  0.99NREMX Neuberger Berman EmergingPairCorr
  0.68NRERX Neuberger Berman RealPairCorr
  0.69NREAX Neuberger Berman RealPairCorr
  0.66NRECX Neuberger Berman RealPairCorr
  0.92NRGSX Neuberger Berman GenesisPairCorr
  0.98NRHIX Neuberger Berman HighPairCorr
  0.92NRGEX Neuberger Berman GenesisPairCorr
  0.93NRILX Neuberger Berman IntlPairCorr
  0.94NRIQX Neuberger Berman IntPairCorr
  0.97NRINX Neuberger Berman IntPairCorr
  0.99NRLCX Neuberger Berman LargePairCorr
  0.98NRMGX Neuberger Berman MidPairCorr
  0.7NRREX Neuberger Berman RealPairCorr
  0.95NRSIX Neuberger Berman StrPairCorr
  0.97NRSRX Neuberger Berman SociallyPairCorr
  0.99NSNCX Neuberger Berman SmallPairCorr
  0.99NSNAX Neuberger Berman SmallPairCorr
  0.99NSNRX Neuberger Berman SmallPairCorr
  0.95NSTCX Neuberger Berman StrPairCorr
  0.95NSTAX Neuberger Berman StrPairCorr
  0.99NSRSX Neuberger Berman SmallPairCorr
  0.95NSTLX Neuberger Berman StrPairCorr
  0.95NSTTX Neuberger Berman StrPairCorr
  0.92NBGAX Neuberger Berman GenesisPairCorr
  0.92NBGEX Neuberger Berman GenesisPairCorr
  0.92NBGIX Neuberger Berman GenesisPairCorr
  0.92NBGNX Neuberger Berman GenesisPairCorr

Related Correlations Analysis

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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  0.47  0.19  0.07 (1.34) 0.22 
(0.57)
 1.16 
(0.67)
 3.78 
NPNCX  0.49  0.04 (0.01) 0.20  0.41 
(0.55)
 1.16 
(0.79)
 3.78 
NPNAX  0.48  0.05 (0.01) 0.21  0.43 
(0.53)
 1.16 
(0.76)
 3.78 
NPNRX  0.49  0.05 (0.01) 0.21  0.42 
(0.56)
 1.16 
(0.77)
 3.77 
NPRTX  0.44  0.14  0.01 (4.35) 0.34 
(0.51)
 1.16 
(0.67)
 2.90 
NHS  0.49  0.05 (0.09) 0.98  0.69 
(0.53)
 1.09 
(1.06)
 3.77 
NRAEX  0.60  0.06  0.04  0.20  0.49 
(0.71)
 1.50 
(1.21)
 4.06 
NRACX  0.57  0.24  0.19 (4.26) 0.00 
(0.70)
 1.52 
(0.71)
 4.08 
NRARX  0.53  0.20  0.13  5.24  0.00 
(0.64)
 1.47 
(0.72)
 4.07 
NRAAX  0.60  0.05  0.03  0.19  0.50 
(0.70)
 1.53 
(1.22)
 4.06 

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