Neuberger Berman Correlations

NBMIX Fund

USD 47.13 0.41 0.88%

The current 90-days correlation between Neuberger Berman Small and Global Resources Fund is 0.66 (i.e., Poor 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 Small and DJI is 0.94 (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 Small 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 Small. 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

0.68	NPNEX	Neuberger Berman Large	Pair Corr
0.65	NPNCX	Neuberger Berman Large	Pair Corr
0.67	NPNAX	Neuberger Berman Large	Pair Corr
0.8	NPNRX	Neuberger Berman Large	Pair Corr
0.67	NPRTX	Neuberger Berman Large	Pair Corr
0.7	NHS	Neuberger Berman High	Pair Corr
0.88	NRAEX	Neuberger Berman Sus	Pair Corr
0.87	NRACX	Neuberger Berman Socially	Pair Corr
0.87	NRARX	Neuberger Berman Socially	Pair Corr
0.87	NRAAX	Neuberger Berman Socially	Pair Corr
0.97	NRDGX	Neuberger Berman Dividend	Pair Corr
0.87	NREMX	Neuberger Berman Emerging	Pair Corr
0.61	NRERX	Neuberger Berman Real	Pair Corr
0.61	NREAX	Neuberger Berman Real	Pair Corr
0.88	NRGSX	Neuberger Berman Genesis	Pair Corr
0.93	NRHIX	Neuberger Berman High	Pair Corr
0.77	NRGEX	Neuberger Berman Genesis	Pair Corr
0.91	NRILX	Neuberger Berman Intl	Pair Corr
0.91	NRIQX	Neuberger Berman Int	Pair Corr
0.69	NRINX	Neuberger Berman Int	Pair Corr
0.67	NRLCX	Neuberger Berman Large	Pair Corr
0.96	NRMGX	Neuberger Berman Mid	Pair Corr
0.62	NRREX	Neuberger Berman Real	Pair Corr
0.88	NRSRX	Neuberger Berman Socially	Pair Corr
0.89	NSNCX	Neuberger Berman Small	Pair Corr
0.89	NSNAX	Neuberger Berman Small	Pair Corr
0.89	NSNRX	Neuberger Berman Small	Pair Corr
0.65	NSTAX	Neuberger Berman Str	Pair Corr
0.89	NSRSX	Neuberger Berman Small	Pair Corr
0.64	NSTLX	Neuberger Berman Str	Pair Corr
0.64	NSTTX	Neuberger Berman Str	Pair Corr

Related Correlations Analysis

	PSPFX	AIWEX	SMAPX	GRHAX	SNPIX	TMCLX
PSPFX		0.77	0.29	0.97	0.03	0.22	PSPFX
AIWEX	0.77		0.71	0.82	-0.47	0.65	AIWEX
SMAPX	0.29	0.71		0.39	-0.92	0.99	SMAPX
GRHAX	0.97	0.82	0.39		-0.11	0.33	GRHAX
SNPIX	0.03	-0.47	-0.92	-0.11		-0.93	SNPIX
TMCLX	0.22	0.65	0.99	0.33	-0.93		TMCLX
	PSPFX	AIWEX	SMAPX	GRHAX	SNPIX	TMCLX

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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

TMCLX	+ 0.99	SMAPX
GRHAX	+ 0.97	PSPFX
GRHAX	+ 0.82	AIWEX
AIWEX	+ 0.77	PSPFX
SMAPX	+ 0.71	AIWEX
TMCLX	+ 0.65	AIWEX

High negative correlations

TMCLX	- 0.93	SNPIX
SNPIX	- 0.92	SMAPX
SNPIX	- 0.47	AIWEX
SNPIX	- 0.11	GRHAX

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
PSPFX	1.03	0.25	0.14	0.37	1.53	(1.18)	2.03	(2.13)	8.72
AIWEX	1.46	0.15	0.07	(6.02)	2.29	(1.52)	2.36	(3.33)	12.24
SMAPX	1.32	0.01	0.02	(0.15)	2.20	(1.39)	2.48	(3.41)	11.68
GRHAX	1.45	0.30	0.12	0.27	2.13	(1.59)	3.06	(2.72)	12.92
SNPIX	1.47	0.11	0.08	5.39	1.71	(1.84)	3.44	(2.45)	16.35
TMCLX	1.21	0.00	0.02	(0.05)	2.08	(1.18)	2.51	(2.52)	11.20

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