Neuberger Berman Correlations

NRERX Fund

USD 13.49 0.15 1.12%

The current 90-days correlation between Neuberger Berman Real and Great West Real Estate is 0.97 (i.e., Almost no 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

Weak diversification

The correlation between Neuberger Berman Real and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Neuberger Berman Real 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 Real. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Neuberger Mutual Fund

0.96	VGSIX	Vanguard Reit Index	Pair Corr
0.96	VGSNX	Vanguard Reit Index	Pair Corr
0.98	DFREX	Dfa Real Estate	Pair Corr
0.92	CSDIX	Cohen Steers Real	Pair Corr

Moving against Neuberger Mutual Fund

0.35

TRV

The Travelers Companies

Pair Corr

Related Correlations Analysis

	MXREX	VRREX	CREYX	FREAX	RRSCX	RRRZX
MXREX		0.96	0.97	0.97	0.92	0.96	MXREX
VRREX	0.96		0.99	0.95	0.96	0.96	VRREX
CREYX	0.97	0.99		0.95	0.95	0.98	CREYX
FREAX	0.97	0.95	0.95		0.88	0.92	FREAX
RRSCX	0.92	0.96	0.95	0.88		0.95	RRSCX
RRRZX	0.96	0.96	0.98	0.92	0.95		RRRZX
	MXREX	VRREX	CREYX	FREAX	RRSCX	RRRZX

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
MXREX	0.63	0.02	0.01	0.06	0.74	(0.74)	1.46	(1.39)	3.86
VRREX	0.61	0.00	(0.01)	0.03	0.82	(0.63)	1.34	(1.29)	3.92
CREYX	0.68	0.00	(0.01)	0.02	0.85	(0.72)	1.42	(1.33)	4.13
FREAX	0.61	0.01	0.00	0.04	0.76	(0.68)	1.37	(1.18)	3.83
RRSCX	0.49	(0.01)	(0.03)	0.00	0.69	(0.50)	1.02	(1.04)	3.16
RRRZX	0.58	(0.01)	(0.03)	0.00	0.75	(0.65)	1.23	(1.15)	3.67

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