Neuberger Berman Correlations

Mutual Funds . USA . 
Fund . Neuberger Berman Genesis
NBGEX Fund  USD 62.52  0.06  0.1%   
The current 90-days correlation between Neuberger Berman Genesis and Sterling Capital Behavioral is 0.82 (i.e., Very 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

Poor diversification

The correlation between Neuberger Berman Genesis and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Neuberger Berman Genesis 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 Genesis. 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 commodities.

Moving against Neuberger Mutual Fund

  0.77NFIIX Neuberger Berman FloatingPairCorr
  0.74NFIAX Neuberger Berman FloatingPairCorr
  0.73NFICX Neuberger Berman FloatingPairCorr
  0.57NSTAX Neuberger Berman StrPairCorr
  0.53NSTCX Neuberger Berman StrPairCorr
  0.31NSNAX Neuberger Berman SmallPairCorr
  0.31NSRSX Neuberger Berman SmallPairCorr
  0.81CULAX Calvert Ultra ShortPairCorr
  0.71FKTJX Franklin New YorkPairCorr
  0.68SUHAX Deutsche Health AndPairCorr
  0.68RBSRX Rbc Bluebay StrategicPairCorr
  0.59GEGAX Aberdeen Emerging MarketsPairCorr
  0.57BAFZX Brown Advisory MortgagePairCorr
  0.53BAIAX Brown Advisory InterPairCorr
  0.52FAPHX Fidelity Summer StreetPairCorr
  0.35PRTPX Pimco Real ReturnPairCorr
  0.75VNDFX Viking Tax FreePairCorr
  0.72ABHYX High Yield MunicipalPairCorr

Related Correlations Analysis


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.

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