Neuberger Berman Correlations

NBH Stock

USD 10.53 0.06 0.57%

The current 90-days correlation between Neuberger Berman IMF and Nuveen Amt Free Municipal is 0.73 (i.e., Poor 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.

Neuberger Berman Correlation With Market

Significant diversification

The correlation between Neuberger Berman IMF and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Neuberger Berman IMF 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 IMF. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Neuberger Stock

0.81	V	Visa Class A	Pair Corr
0.77	MA	Mastercard	Pair Corr
0.77	WSBF	Waterstone Financial	Pair Corr
0.64	GDST	Goldenstone Acquisition	Pair Corr
0.78	SNFCA	Security National Earnings Call This Week	Pair Corr
0.79	BBDC	Barings BDC	Pair Corr
0.83	COOP	Mr Cooper Group	Pair Corr
0.72	AC	Associated Capital	Pair Corr
0.78	BK	Bank of New York	Pair Corr

Moving against Neuberger Stock

0.57	ORGN	Origin Materials	Pair Corr
0.37	WD	Walker Dunlop	Pair Corr
0.5	PYPL	PayPal Holdings	Pair Corr
0.43	BITF	Bitfarms	Pair Corr
0.41	DHIL	Diamond Hill Investment	Pair Corr
0.37	CODI	Compass Diversified	Pair Corr
0.62	EG	Everest Group	Pair Corr
0.48	LC	LendingClub Corp	Pair Corr

Related Correlations Analysis

	EVY	PYN	NUW	VFL	ENX	PNF	VTN	NMI	MHN	DNIF
EVY		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	EVY
PYN	0.0		0.92	0.91	0.85	0.9	0.78	0.84	0.77	0.0	PYN
NUW	0.0	0.92		0.8	0.9	0.86	0.69	0.93	0.69	0.0	NUW
VFL	0.0	0.91	0.8		0.68	0.77	0.51	0.72	0.83	0.0	VFL
ENX	0.0	0.85	0.9	0.68		0.89	0.8	0.85	0.58	0.0	ENX
PNF	0.0	0.9	0.86	0.77	0.89		0.83	0.87	0.67	0.0	PNF
VTN	0.0	0.78	0.69	0.51	0.8	0.83		0.7	0.43	0.0	VTN
NMI	0.0	0.84	0.93	0.72	0.85	0.87	0.7		0.57	0.0	NMI
MHN	0.0	0.77	0.69	0.83	0.58	0.67	0.43	0.57		0.0	MHN
DNIF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		DNIF
	EVY	PYN	NUW	VFL	ENX	PNF	VTN	NMI	MHN	DNIF

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

NMI	+ 0.93	NUW
NUW	+ 0.92	PYN
VFL	+ 0.91	PYN
PNF	+ 0.9	PYN
ENX	+ 0.9	NUW
PNF	+ 0.89	ENX

High negative correlations

DNIF	- 0.0	MHN
DNIF	- 0.0	NMI
DNIF	- 0.0	VTN
DNIF	- 0.0	PNF
DNIF	- 0.0	ENX
DNIF	- 0.0	VFL

Risk-Adjusted Indicators

There is a big difference between Neuberger Stock performing well and Neuberger Berman Company 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
EVY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PYN	0.43	0.04	0.21	(0.86)	0.39	(0.54)	0.89	(0.71)	2.24
NUW	0.31	0.07	0.33	3.75	0.12	(0.39)	0.87	(0.44)	2.26
VFL	0.52	(0.01)	0.00	(0.14)	0.00	0.00	1.16	(1.31)	3.90
ENX	0.49	0.08	0.24	(2.59)	0.47	(0.58)	1.06	(0.93)	3.06
PNF	0.46	0.06	0.20	2.08	0.45	(0.57)	0.96	(0.92)	3.00
VTN	0.47	0.05	0.19	0.56	0.46	(0.59)	1.25	(0.79)	3.88
NMI	0.40	0.09	0.25	(13.47)	0.36	(0.48)	0.97	(0.81)	2.95
MHN	0.47	(0.02)	0.00	(0.18)	0.00	0.00	0.87	(1.06)	2.81
DNIF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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