Neuberger Berman Correlations

Mutual Funds . USA . 
Fund . Neuberger Berman Socially
NRARX Fund  USD 51.26  0.24  0.47%   
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 Socially and DJI is 0.9 (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 Socially 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 Socially. 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 metropolitan statistical area.

Moving together with Neuberger Mutual Fund

  0.95NPNEX Neuberger Berman LargePairCorr
  0.96NPNCX Neuberger Berman LargePairCorr
  0.95NPNAX Neuberger Berman LargePairCorr
  0.96NPNRX Neuberger Berman LargePairCorr
  0.95NPRTX Neuberger Berman LargePairCorr
  0.73NHS Neuberger Berman HighPairCorr
  1.0NRAEX Neuberger Berman SusPairCorr
  0.98NRACX Neuberger Berman SociallyPairCorr
  1.0NRAAX Neuberger Berman SociallyPairCorr
  0.66NRCRX Neuberger Berman CorePairCorr
  0.98NRDGX Neuberger Berman DividendPairCorr
  0.97NREMX Neuberger Berman EmergingPairCorr
  0.71NRERX Neuberger Berman RealPairCorr
  0.71NREAX Neuberger Berman RealPairCorr
  0.74NREEX Neuberger Berman RealPairCorr
  0.69NRECX Neuberger Berman RealPairCorr
  0.97NRGSX Neuberger Berman GenesisPairCorr
  0.96NRHIX Neuberger Berman HighPairCorr
  0.97NRGEX Neuberger Berman GenesisPairCorr
  0.95NRILX Neuberger Berman IntlPairCorr
  0.94NRIQX Neuberger Berman IntPairCorr
  0.97NRINX Neuberger Berman IntPairCorr
  0.96NRLCX Neuberger Berman LargePairCorr
  0.97NRMGX Neuberger Berman MidPairCorr
  0.72NRREX Neuberger Berman RealPairCorr
  0.9NRSIX Neuberger Berman StrPairCorr
  1.0NRSRX Neuberger Berman SociallyPairCorr
  0.98NSNCX Neuberger Berman SmallPairCorr
  0.98NSNAX Neuberger Berman SmallPairCorr
  0.98NSNRX Neuberger Berman SmallPairCorr
  0.89NSTCX Neuberger Berman StrPairCorr
  0.89NSTAX Neuberger Berman StrPairCorr
  0.98NSRSX Neuberger Berman SmallPairCorr
  0.9NSTLX Neuberger Berman StrPairCorr
  0.89NSTTX Neuberger Berman StrPairCorr
  0.96NBGAX Neuberger Berman GenesisPairCorr
  0.97NBGEX Neuberger Berman GenesisPairCorr
  0.97NBGIX Neuberger Berman GenesisPairCorr
  0.97NBGNX 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  0.50  0.15  0.03 (2.96) 0.40 
(0.57)
 1.16 
(0.76)
 3.78 
NPNCX  0.49  0.04 (0.01) 0.20  0.41 
(0.55)
 1.16 
(0.79)
 3.78 
NPNAX  0.49  0.15  0.02 (3.08) 0.41 
(0.54)
 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  0.49  0.15  0.02 (3.29) 0.41 
(0.56)
 1.17 
(0.76)
 3.76 
NHS  0.55  0.11 (0.03) 4.64  0.65 
(0.62)
 1.23 
(1.06)
 5.31 
NRAEX  0.60  0.06  0.04  0.20  0.49 
(0.71)
 1.50 
(1.21)
 4.06 
NRACX  0.61  0.16  0.03 (2.75) 0.50 
(0.70)
 1.52 
(1.24)
 4.08 
NRARX  0.60  0.05  0.03  0.19  0.50 
(0.68)
 1.52 
(1.23)
 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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