Neuberger Berman Correlations

NPNEX Fund

USD 51.39 0.04 0.08%

The current 90-days correlation between Neuberger Berman Large and Eaton Vance Diversified is 0.22 (i.e., Modest 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 Large and DJI is 0.57 (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 Large 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 Large. 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 american community survey.

Moving together with Neuberger Mutual Fund

0.97	NPNCX	Neuberger Berman Large	Pair Corr
0.99	NPNAX	Neuberger Berman Large	Pair Corr
0.99	NPNRX	Neuberger Berman Large	Pair Corr
1.0	NPRTX	Neuberger Berman Large	Pair Corr
0.61	NRIQX	Neuberger Berman Int	Pair Corr
0.74	NRINX	Neuberger Berman Int	Pair Corr
1.0	NRLCX	Neuberger Berman Large	Pair Corr
0.64	NSNCX	Neuberger Berman Small	Pair Corr
0.65	NSNAX	Neuberger Berman Small	Pair Corr
0.66	NSNRX	Neuberger Berman Small	Pair Corr
0.66	NSRSX	Neuberger Berman Small	Pair Corr

Related Correlations Analysis

	EIIMX	CAARX	EVFCX	ELDFX	FARIX	VYRPX
EIIMX		0.79	0.63	0.74	0.92	0.66	EIIMX
CAARX	0.79		0.83	0.96	0.7	0.88	CAARX
EVFCX	0.63	0.83		0.87	0.67	0.92	EVFCX
ELDFX	0.74	0.96	0.87		0.68	0.88	ELDFX
FARIX	0.92	0.7	0.67	0.68		0.65	FARIX
VYRPX	0.66	0.88	0.92	0.88	0.65		VYRPX
	EIIMX	CAARX	EVFCX	ELDFX	FARIX	VYRPX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
EIIMX	0.12	0.03	(0.21)	0.45	0.00	(0.18)	0.29	(0.15)	0.59
CAARX	0.22	0.01	(0.13)	0.09	0.20	(0.24)	0.52	(0.47)	1.21
EVFCX	0.23	0.01	(0.18)	0.16	0.21	(0.29)	0.39	(0.48)	1.25
ELDFX	0.37	0.00	(0.05)	0.08	0.48	(0.36)	0.77	(0.76)	2.07
FARIX	0.46	0.08	0.01	(1.82)	0.42	(0.55)	1.06	(0.95)	3.57
VYRPX	0.17	0.01	(0.23)	0.14	0.15	(0.20)	0.37	(0.37)	0.93

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Neuberger Berman Correlations

Neuberger Berman Correlation With Market

Very weak diversification

Moving together with Neuberger Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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