Correlation Between Neuberger Berman and Strategic Asset
Can any of the company-specific risk be diversified away by investing in both Neuberger Berman and Strategic Asset at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Neuberger Berman and Strategic Asset into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Neuberger Berman High and Strategic Asset Management, you can compare the effects of market volatilities on Neuberger Berman and Strategic Asset and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Neuberger Berman with a short position of Strategic Asset. Check out your portfolio center. Please also check ongoing floating volatility patterns of Neuberger Berman and Strategic Asset.
Diversification Opportunities for Neuberger Berman and Strategic Asset
0.8 | Correlation Coefficient |
Very poor diversification
The 3 months correlation between Neuberger and Strategic is 0.8. Overlapping area represents the amount of risk that can be diversified away by holding Neuberger Berman High and Strategic Asset Management in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Strategic Asset Mana and Neuberger Berman is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Neuberger Berman High are associated (or correlated) with Strategic Asset. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Strategic Asset Mana has no effect on the direction of Neuberger Berman i.e., Neuberger Berman and Strategic Asset go up and down completely randomly.
Pair Corralation between Neuberger Berman and Strategic Asset
Considering the 90-day investment horizon Neuberger Berman is expected to generate 5.48 times less return on investment than Strategic Asset. In addition to that, Neuberger Berman is 1.19 times more volatile than Strategic Asset Management. It trades about 0.02 of its total potential returns per unit of risk. Strategic Asset Management is currently generating about 0.12 per unit of volatility. If you would invest 2,278 in Strategic Asset Management on July 20, 2025 and sell it today you would earn a total of 107.00 from holding Strategic Asset Management or generate 4.7% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
Neuberger Berman High vs. Strategic Asset Management
Performance |
| Timeline |
| Neuberger Berman High |
| Strategic Asset Mana |
Neuberger Berman and Strategic Asset Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Neuberger Berman and Strategic Asset
The main advantage of trading using opposite Neuberger Berman and Strategic Asset positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Neuberger Berman position performs unexpectedly, Strategic Asset can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Strategic Asset will offset losses from the drop in Strategic Asset's long position.| Neuberger Berman vs. Royce Small Cap Value | Neuberger Berman vs. Simt Tax Managed International | Neuberger Berman vs. Dreyfus Opportunistic Small | Neuberger Berman vs. Ashmore Emerging Markets |
| Strategic Asset vs. Fidelity Sai Convertible | Strategic Asset vs. Advent Claymore Convertible | Strategic Asset vs. Putnam Convertible Securities | Strategic Asset vs. Rationalpier 88 Convertible |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
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