Neuberger Berman Correlations

Mutual Funds USA . 
Fund . Neuberger Berman Emerging
NEMAX Fund  USD 27.80  0.09  0.32%   
The current 90-days correlation between Neuberger Berman Emerging and Neuberger Berman Large is -0.09 (i.e., Good 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

Modest diversification

The correlation between Neuberger Berman Emerging and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Neuberger Berman Emerging 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 Emerging. 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 nation.

Moving together with Neuberger Mutual Fund

  0.81NHS Neuberger Berman HighPairCorr
  0.96NREMX Neuberger Berman EmergingPairCorr
  0.62NRILX Neuberger Berman IntlPairCorr
  0.61NRIQX Neuberger Berman IntPairCorr
  0.64NRINX Neuberger Berman IntPairCorr
  0.68NSNCX Neuberger Berman SmallPairCorr
  0.73NSNAX Neuberger Berman SmallPairCorr
  0.68NSNRX Neuberger Berman SmallPairCorr
  0.66NSTCX Neuberger Berman StrPairCorr
  0.68NSRSX Neuberger Berman SmallPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
NPNEX  0.64  0.18  0.26  0.32  0.17 
(0.83)
 1.42 
(1.10)
 6.41 
NPNCX  0.64  0.17  0.24  0.31  0.25 
(0.83)
 1.41 
(1.12)
 6.39 
NPNAX  0.64  0.24  0.26  1.72  0.18 
(0.82)
 1.39 
(1.12)
 6.42 
NPNRX  0.64  0.17  0.25  0.32  0.21 
(0.83)
 1.40 
(1.10)
 6.42 
NPRTX  0.64  0.17  0.25  0.32  0.20 
(0.83)
 1.40 
(1.11)
 6.44 
NHS  0.55  0.00 (0.07) 0.10  0.71 
(0.59)
 1.15 
(1.27)
 3.91 
NRAEX  0.65  0.10  0.11  0.24  0.45 
(0.69)
 1.37 
(0.91)
 6.05 
NRACX  0.64  0.14  0.10  0.52  0.45 
(0.69)
 1.37 
(0.93)
 6.05 
NRARX  0.65  0.10  0.10  0.23  0.45 
(0.70)
 1.35 
(0.90)
 6.04 
NRAAX  0.65  0.10  0.10  0.23  0.45 
(0.70)
 1.34 
(0.91)
 6.05 

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