Neiman Large Correlations

Mutual Funds . USA . 
Fund . Neiman Large Cap
NEAMX Fund  USD 33.67  0.19  0.56%   
The current 90-days correlation between Neiman Large Cap and Gmo Quality Fund is 0.1 (i.e., Average diversification). The correlation of Neiman Large 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.

Neiman Large Correlation With Market

Significant diversification

The correlation between Neiman Large Cap and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Neiman Large Cap 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 Neiman Large Cap. 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 population.

Moving together with Neiman Mutual Fund

  0.99NEIMX Neiman Large CapPairCorr
  0.7VVIAX Vanguard Value IndexPairCorr
  0.73DOXGX Dodge Cox StockPairCorr
  0.76AFMFX American MutualPairCorr
  0.76FFMMX American Funds AmericanPairCorr
  0.76FFFMX American Funds AmericanPairCorr
  0.64AMRMX American MutualPairCorr
  0.64AMFFX American MutualPairCorr
  0.64AMFCX American MutualPairCorr
  0.68DODGX Dodge Stock FundPairCorr
  0.7VIVAX Vanguard Value IndexPairCorr
  0.99OPTFX Oppenheimer CapitalPairCorr
  0.94LICYX Lord Abbett InternationalPairCorr
  0.7VFINX Vanguard 500 IndexPairCorr
  0.88THIFX Thornburg Limited TermPairCorr
  0.96VVONX Invesco Value OpportPairCorr
  0.98FPGGX American Funds GrowthPairCorr
  0.87XVGIX Virtus Global MultiPairCorr
  0.7FADAX Fidelity Advisor DividendPairCorr
  0.99PLMTX Principal Lifetime HybridPairCorr
  0.73NWFFX New World FundPairCorr
  0.83RCPRX Rbc Bluebay CorePairCorr
  0.65IVPOX Voya Smallcap OpportPairCorr
  0.98ITGIX Vy T RowePairCorr
  0.98FAXTX American Funds 2065PairCorr
  0.74SCCMX Sterling Capital PoratePairCorr
  0.87PYAYX Payden Corporate BondPairCorr
  0.93GMBPX Goldman Sachs ShortPairCorr
  0.99GCLLX Goldman Sachs FlexiblePairCorr
  0.73MFJGX Mfs Lifetime 2060PairCorr
  0.97WSMGX Small Pany GrowthPairCorr
  0.67FZNOPX FznopxPairCorr
  0.73PWJCX Prudential JennisonPairCorr
  0.97XASGX Liberty All StarPairCorr
  0.68NML Neuberger Berman MlpPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Neiman Mutual Fund performing well and Neiman Large 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 Neiman Large'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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