Neuberger Berman Correlations

NBGIX Fund

USD 61.69 0.25 0.40%

The current 90-days correlation between Neuberger Berman Genesis and Neuberger Berman Genesis is 1.0 (i.e., No risk reduction). 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

Poor diversification

The correlation between Neuberger Berman Genesis and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Neuberger Berman Genesis 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 Genesis. 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

0.75	NRGSX	Neuberger Berman Genesis	Pair Corr
1.0	NBGEX	Neuberger Berman Genesis	Pair Corr
1.0	NBGNX	Neuberger Berman Genesis	Pair Corr

Moving against Neuberger Mutual Fund

0.68	NPNAX	Neuberger Berman Large	Pair Corr
0.63	NREMX	Neuberger Berman Emerging	Pair Corr
0.61	NPNEX	Neuberger Berman Large	Pair Corr
0.6	NPRTX	Neuberger Berman Large	Pair Corr
0.59	NPNRX	Neuberger Berman Large	Pair Corr
0.54	NPNCX	Neuberger Berman Large	Pair Corr
0.51	NRACX	Neuberger Berman Socially	Pair Corr
0.44	NRARX	Neuberger Berman Socially	Pair Corr
0.43	NRAAX	Neuberger Berman Socially	Pair Corr
0.42	NRCRX	Neuberger Berman Core	Pair Corr
0.7	NSNAX	Neuberger Berman Small	Pair Corr
0.61	NRLCX	Neuberger Berman Large	Pair Corr
0.61	NSNRX	Neuberger Berman Small	Pair Corr
0.61	NBFCX	Neuberger Berman Focus	Pair Corr
0.57	NRINX	Neuberger Berman Int	Pair Corr
0.51	NSTAX	Neuberger Berman Str	Pair Corr
0.49	NRSIX	Neuberger Berman Str	Pair Corr
0.49	NSTCX	Neuberger Berman Str	Pair Corr
0.45	NRSRX	Neuberger Berman Socially	Pair Corr
0.4	NBHAX	Neuberger Berman Equity	Pair Corr
0.7	NDGCX	Neuberger Berman Dividend	Pair Corr
0.67	NEMAX	Neuberger Berman Emerging	Pair Corr
0.65	NFACX	Neuberger Berman Focus	Pair Corr
0.63	NEMIX	Neuberger Berman Emerging	Pair Corr
0.61	NBMIX	Neuberger Berman Small	Pair Corr
0.61	NBMOX	Neuberger Berman Small	Pair Corr

Related Correlations Analysis

	NBGEX	NBGNX	TQAAX	TQAIX	MGRAX	PASSX	MGRDX	PRMTX	HSWYX	PRVIX
NBGEX		1.0	-0.34	-0.24	-0.46	0.12	-0.46	0.67	-0.58	-0.01	NBGEX
NBGNX	1.0		-0.33	-0.24	-0.46	0.12	-0.46	0.67	-0.58	-0.01	NBGNX
TQAAX	-0.34	-0.33		0.84	0.7	0.68	0.72	0.07	0.71	0.67	TQAAX
TQAIX	-0.24	-0.24	0.84		0.79	0.89	0.8	0.08	0.81	0.87	TQAIX
MGRAX	-0.46	-0.46	0.7	0.79		0.67	1.0	-0.13	0.95	0.64	MGRAX
PASSX	0.12	0.12	0.68	0.89	0.67		0.67	0.3	0.63	0.95	PASSX
MGRDX	-0.46	-0.46	0.72	0.8	1.0	0.67		-0.13	0.95	0.65	MGRDX
PRMTX	0.67	0.67	0.07	0.08	-0.13	0.3	-0.13		-0.31	0.17	PRMTX
HSWYX	-0.58	-0.58	0.71	0.81	0.95	0.63	0.95	-0.31		0.64	HSWYX
PRVIX	-0.01	-0.01	0.67	0.87	0.64	0.95	0.65	0.17	0.64		PRVIX
	NBGEX	NBGNX	TQAAX	TQAIX	MGRAX	PASSX	MGRDX	PRMTX	HSWYX	PRVIX

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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

NBGNX	+ 1.0	NBGEX
MGRDX	+ 1.0	MGRAX
HSWYX	+ 0.95	MGRAX
PRVIX	+ 0.95	PASSX
HSWYX	+ 0.95	MGRDX
PASSX	+ 0.89	TQAIX

High negative correlations

HSWYX	- 0.58	NBGNX
HSWYX	- 0.58	NBGEX
MGRDX	- 0.46	NBGNX
MGRAX	- 0.46	NBGNX
MGRDX	- 0.46	NBGEX
MGRAX	- 0.46	NBGEX

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
NBGEX	0.73	(0.13)	0.00	(0.06)	0.00	0.00	1.67	(1.21)	5.71
NBGNX	0.73	(0.13)	0.00	(0.06)	0.00	0.00	1.68	(1.20)	5.71
TQAAX	0.81	0.00	(0.06)	(0.07)	1.03	(0.87)	1.75	(1.62)	5.52
TQAIX	0.81	(0.06)	(0.04)	0.02	1.00	(0.87)	1.74	(1.61)	5.70
MGRAX	0.54	0.00	(0.04)	0.06	0.66	(0.53)	1.06	(0.98)	3.21
PASSX	0.72	(0.06)	(0.05)	0.02	0.90	(0.73)	1.57	(1.33)	5.57
MGRDX	0.55	(0.01)	(0.05)	0.05	0.67	(0.53)	1.07	(0.98)	3.22
PRMTX	0.57	(0.15)	0.00	(0.11)	0.00	0.00	1.26	(1.46)	3.78
HSWYX	0.58	(0.01)	(0.02)	0.05	0.82	(0.56)	1.07	(1.12)	4.08
PRVIX	0.70	(0.03)	(0.02)	0.04	0.84	(0.75)	1.67	(1.20)	6.40

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