Correlation Between Neuberger Berman and Sit Small
Can any of the company-specific risk be diversified away by investing in both Neuberger Berman and Sit Small 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 Sit Small into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Neuberger Berman Intermediate and Sit Small Cap, you can compare the effects of market volatilities on Neuberger Berman and Sit Small 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 Sit Small. Check out your portfolio center. Please also check ongoing floating volatility patterns of Neuberger Berman and Sit Small.
Diversification Opportunities for Neuberger Berman and Sit Small
0.31 | Correlation Coefficient |
Weak diversification
The 3 months correlation between Neuberger and Sit is 0.31. Overlapping area represents the amount of risk that can be diversified away by holding Neuberger Berman Intermediate and Sit Small Cap in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Sit Small Cap 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 Intermediate are associated (or correlated) with Sit Small. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Sit Small Cap has no effect on the direction of Neuberger Berman i.e., Neuberger Berman and Sit Small go up and down completely randomly.
Pair Corralation between Neuberger Berman and Sit Small
Assuming the 90 days horizon Neuberger Berman Intermediate is expected to generate 0.29 times more return on investment than Sit Small. However, Neuberger Berman Intermediate is 3.46 times less risky than Sit Small. It trades about 0.29 of its potential returns per unit of risk. Sit Small Cap is currently generating about 0.04 per unit of risk. If you would invest 1,075 in Neuberger Berman Intermediate on August 29, 2025 and sell it today you would earn a total of 66.00 from holding Neuberger Berman Intermediate or generate 6.14% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Neuberger Berman Intermediate vs. Sit Small Cap
Performance |
| Timeline |
| Neuberger Berman Int |
| Sit Small Cap |
Neuberger Berman and Sit Small Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Neuberger Berman and Sit Small
The main advantage of trading using opposite Neuberger Berman and Sit Small positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Neuberger Berman position performs unexpectedly, Sit Small 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 Sit Small will offset losses from the drop in Sit Small's long position.| Neuberger Berman vs. Aig Government Money | Neuberger Berman vs. Federated Municipal High | Neuberger Berman vs. Transamerica Intermediate Muni | Neuberger Berman vs. Dreyfus Municipal Bond |
| Sit Small vs. Putnam Convertible Securities | Sit Small vs. Allianzgi Convertible Income | Sit Small vs. Rationalpier 88 Convertible | Sit Small vs. Lord Abbett 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 Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
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