Neuberger Berman Correlations

Mutual Funds . USA . 
Fund . Neuberger Berman Genesis
NBGIX Fund  USD 63.83  0.72  1.12%   
The current 90-days correlation between Neuberger Berman Genesis and Lazard Emerging Markets is 0.67 (i.e., 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

Very weak diversification

The correlation between Neuberger Berman Genesis and DJI is 0.44 (i.e., Very weak 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 gross domestic product.

Moving together with Neuberger Mutual Fund

  0.8NPNCX Neuberger Berman LargePairCorr
  0.91NPNAX Neuberger Berman LargePairCorr
  0.8NPNRX Neuberger Berman LargePairCorr
  0.96NRAEX Neuberger Berman SusPairCorr
  0.96NRARX Neuberger Berman SociallyPairCorr
  0.85NRAAX Neuberger Berman SociallyPairCorr
  0.8NRDGX Neuberger Berman DividendPairCorr
  0.81NREMX Neuberger Berman EmergingPairCorr
  0.68NREAX Neuberger Berman RealPairCorr
  0.66NRECX Neuberger Berman RealPairCorr
  0.86NRGSX Neuberger Berman GenesisPairCorr
  1.0NRGEX Neuberger Berman GenesisPairCorr
  0.89NRILX Neuberger Berman IntlPairCorr
  0.87NRIQX Neuberger Berman IntPairCorr
  0.97NRINX Neuberger Berman IntPairCorr
  0.91NRLCX Neuberger Berman LargePairCorr
  0.68NRREX Neuberger Berman RealPairCorr
  0.79NRSIX Neuberger Berman StrPairCorr
  0.85NRSRX Neuberger Berman SociallyPairCorr
  0.94NSNCX Neuberger Berman SmallPairCorr
  0.82NSNAX Neuberger Berman SmallPairCorr
  0.82NSNRX Neuberger Berman SmallPairCorr
  0.79NSTCX Neuberger Berman StrPairCorr
  0.78NSTAX Neuberger Berman StrPairCorr
  0.94NSRSX Neuberger Berman SmallPairCorr
  0.78NSTLX Neuberger Berman StrPairCorr
  0.71NSTTX Neuberger Berman StrPairCorr
  1.0NBGAX Neuberger Berman GenesisPairCorr
  1.0NBGEX Neuberger Berman GenesisPairCorr
  0.86NBGNX 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.

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