Neuberger Berman Correlations

Mutual Funds . USA . 
Fund . Neuberger Berman Genesis
NBGNX Fund  USD 64.00  0.14  0.22%   
The current 90-days correlation between Neuberger Berman Genesis and Valic Company I is 0.84 (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

Good diversification

The correlation between Neuberger Berman Genesis and DJI is -0.03 (i.e., Good 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 producer price index.

Moving together with Neuberger Mutual Fund

  0.79NPNEX Neuberger Berman LargePairCorr
  0.91NPNCX Neuberger Berman LargePairCorr
  0.9NPNAX Neuberger Berman LargePairCorr
  0.79NPNRX Neuberger Berman LargePairCorr
  0.9NPRTX Neuberger Berman LargePairCorr
  0.71NRAEX Neuberger Berman SusPairCorr
  0.87NRACX Neuberger Berman SociallyPairCorr
  0.8NRARX Neuberger Berman SociallyPairCorr
  0.79NRAAX Neuberger Berman SociallyPairCorr
  0.74NRDGX Neuberger Berman DividendPairCorr
  0.71NREMX Neuberger Berman EmergingPairCorr
  1.0NRGSX Neuberger Berman GenesisPairCorr
  1.0NRGEX Neuberger Berman GenesisPairCorr
  0.66NRINX Neuberger Berman IntPairCorr
  0.63NRLCX Neuberger Berman LargePairCorr
  0.63NRMGX Neuberger Berman MidPairCorr
  0.79NRSRX Neuberger Berman SociallyPairCorr
  0.7NSNCX Neuberger Berman SmallPairCorr
  0.85NSNAX Neuberger Berman SmallPairCorr
  0.69NSTAX Neuberger Berman StrPairCorr
  0.7NSRSX Neuberger Berman SmallPairCorr
  0.63NSTLX Neuberger Berman StrPairCorr
  0.62NSTTX Neuberger Berman StrPairCorr
  1.0NBGAX Neuberger Berman GenesisPairCorr
  0.8NBGEX Neuberger Berman GenesisPairCorr
  0.8NBGIX Neuberger Berman GenesisPairCorr
  0.77NBGUX Neuberger Berman GuardianPairCorr
  0.77NBGTX Neuberger Berman GuardianPairCorr

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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