Neuberger Berman Correlations

NRAEX Fund

54.86 0.08 0.15%

The current 90-days correlation between Neuberger Berman Sus and Fulcrum Diversified Absolute is 0.4 (i.e., Very weak 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 Sustainable and DJI is 0.85 (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 Sustainable 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 Sustainable. 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 banks.

Moving together with Neuberger Mutual Fund

0.67	NPNCX	Neuberger Berman Large	Pair Corr
0.66	NPNRX	Neuberger Berman Large	Pair Corr
0.66	NPRTX	Neuberger Berman Large	Pair Corr
0.76	NRACX	Neuberger Berman Socially	Pair Corr
1.0	NRARX	Neuberger Berman Socially	Pair Corr
1.0	NRAAX	Neuberger Berman Socially	Pair Corr
0.67	NRHIX	Neuberger Berman High	Pair Corr
0.68	NRILX	Neuberger Berman Intl	Pair Corr
0.65	NRIQX	Neuberger Berman Int	Pair Corr
0.84	NRINX	Neuberger Berman Int	Pair Corr
0.65	NRLCX	Neuberger Berman Large	Pair Corr
1.0	NRSRX	Neuberger Berman Socially	Pair Corr
0.65	NSNCX	Neuberger Berman Small	Pair Corr
0.65	NSNAX	Neuberger Berman Small	Pair Corr
0.65	NSNRX	Neuberger Berman Small	Pair Corr
0.65	NSRSX	Neuberger Berman Small	Pair Corr
0.65	NBGUX	Neuberger Berman Guardian	Pair Corr

Related Correlations Analysis

	FARIX	TFCAX	GPICX	MNDWX	BICPX	EKBCX	LIGQX
FARIX		0.74	0.85	0.81	0.85	0.87	0.78	FARIX
TFCAX	0.74		0.88	0.71	0.62	0.75	0.47	TFCAX
GPICX	0.85	0.88		0.89	0.82	0.87	0.68	GPICX
MNDWX	0.81	0.71	0.89		0.9	0.86	0.73	MNDWX
BICPX	0.85	0.62	0.82	0.9		0.91	0.89	BICPX
EKBCX	0.87	0.75	0.87	0.86	0.91		0.83	EKBCX
LIGQX	0.78	0.47	0.68	0.73	0.89	0.83		LIGQX
	FARIX	TFCAX	GPICX	MNDWX	BICPX	EKBCX	LIGQX

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
FARIX	0.35	0.04	(0.02)	0.24	0.33	(0.43)	1.06	(0.78)	2.23
TFCAX	0.01	0.00	0.00	0.24	0.00	0.00	0.00	0.00	0.20
GPICX	0.02	0.00	0.00	0.13	0.00	0.00	0.10	0.00	0.21
MNDWX	0.08	0.03	(0.28)	5.77	0.00	(0.13)	0.19	(0.10)	0.68
BICPX	0.19	0.04	(0.10)	0.57	0.00	(0.25)	0.42	(0.33)	1.16
EKBCX	0.77	0.10	0.09	0.17	0.91	(0.86)	1.72	(1.95)	5.18
LIGQX	0.23	0.01	(0.12)	0.11	0.19	(0.27)	0.51	(0.45)	1.41

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Neuberger Berman Correlations

Neuberger Berman Correlation With Market

Very poor diversification

Moving together with Neuberger Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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