Neiman Large Correlations

Mutual Funds . USA . 
Fund . Neiman Large Cap
NEAMX Fund  USD 33.84  0.02  0.06%   
The current 90-days correlation between Neiman Large Cap and Blackrock High Income is 0.87 (i.e., Very poor diversification). The correlation of Neiman Large 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.

Neiman Large Correlation With Market

Good diversification

The correlation between Neiman Large Cap and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Neiman Large Cap 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 Neiman Large Cap. 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 population.

Moving together with Neiman Mutual Fund

  0.99NEIMX Neiman Large CapPairCorr
  0.97VVIAX Vanguard Value IndexPairCorr
  0.97DOXGX Dodge Cox StockPairCorr
  0.98AFMFX American MutualPairCorr
  0.98FFMMX American Funds AmericanPairCorr
  0.98FFFMX American Funds AmericanPairCorr
  1.0AMRMX American MutualPairCorr
  1.0AMFFX American MutualPairCorr
  1.0AMFCX American MutualPairCorr
  0.97DODGX Dodge Stock FundPairCorr
  0.97VIVAX Vanguard Value IndexPairCorr
  0.72NHS Neuberger Berman HighPairCorr
  0.99OPTFX Oppenheimer CapitalPairCorr
  0.94LICYX Lord Abbett InternationalPairCorr
  0.98VFINX Vanguard 500 IndexPairCorr
  0.87THIFX Thornburg Limited TermPairCorr
  0.96VVONX Invesco Value OpportPairCorr
  0.98FPGGX American Funds GrowthPairCorr
  0.8XVGIX Virtus Global MultiPairCorr
  1.0FADAX Fidelity Advisor DividendPairCorr
  0.98PLMTX Principal Lifetime HybridPairCorr
  0.98NWFFX New World FundPairCorr
  0.97HERSX Hartford Emerging MarketsPairCorr
  0.81RCPRX Rbc Bluebay CorePairCorr
  0.99IVPOX Voya Smallcap OpportPairCorr
  0.98ITGIX Vy T RowePairCorr
  0.98FAXTX American Funds 2065PairCorr
  0.71SCCMX Sterling Capital PoratePairCorr
  0.86PYAYX Payden Corporate BondPairCorr
  0.93GMBPX Goldman Sachs ShortPairCorr
  0.99GCLLX Goldman Sachs FlexiblePairCorr
  0.98MFJGX Mfs Lifetime 2060PairCorr
  0.94WSMGX Small Pany GrowthPairCorr
  0.88FZNOPX FznopxPairCorr
  0.93PWJCX Prudential JennisonPairCorr
  0.98XASGX Liberty All StarPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Neiman Mutual Fund performing well and Neiman Large 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 Neiman Large'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY