Neuberger Berman Correlations

NBIIX Fund

USD 13.44 0.14 1.03%

The current 90-days correlation between Neuberger Berman Int and Live Oak Health is 0.27 (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

Good diversification

The correlation between Neuberger Berman International and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Neuberger Berman International 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 International. 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 gross domestic product.

Moving together with Neuberger Mutual Fund

0.75	NHS	Neuberger Berman High	Pair Corr
0.97	NRILX	Neuberger Berman Intl	Pair Corr
0.92	NABCX	Neuberger Berman Absolute	Pair Corr
0.92	NSTAX	Neuberger Berman Str	Pair Corr
0.92	NBHAX	Neuberger Berman Equity	Pair Corr
0.92	NBHEX	Neuberger Berman Equity	Pair Corr
0.91	NBHCX	Neuberger Berman Equity	Pair Corr
0.92	NBHRX	Neuberger Berman Equity	Pair Corr
1.0	NBNCX	Neuberger Berman Int	Pair Corr
1.0	NBNRX	Neuberger Berman Int	Pair Corr
0.66	NBRFX	Neuberger Berman Real	Pair Corr
0.88	NCRIX	Neuberger Berman E	Pair Corr
0.96	NERIX	Neuberger Berman Emerging	Pair Corr
0.77	NHIEX	Neuberger Berman Income	Pair Corr
0.8	NHICX	Neuberger Berman High	Pair Corr
0.83	NHILX	Neuberger Berman High	Pair Corr
0.83	NHIRX	Neuberger Berman High	Pair Corr

Moving against Neuberger Mutual Fund

0.68	NSNCX	Neuberger Berman Small	Pair Corr
0.6	NRGSX	Neuberger Berman Genesis	Pair Corr
0.39	NBGUX	Neuberger Berman Guardian	Pair Corr
0.34	NBGEX	Neuberger Berman Genesis	Pair Corr
0.5	NINLX	Neuberger Berman Int	Pair Corr
0.4	NGDAX	Neuberger Berman Guardian	Pair Corr
0.4	NGUAX	Neuberger Berman Guardian	Pair Corr

Related Correlations Analysis

	LOGSX	VGHCX	HCPIX	SWHFX	BHSRX	FHCCX	LYFCX	GTHCX
LOGSX		0.76	0.82	0.72	0.82	0.39	0.82	0.69	LOGSX
VGHCX	0.76		0.82	0.69	0.93	0.71	0.94	0.9	VGHCX
HCPIX	0.82	0.82		0.97	0.91	0.25	0.95	0.76	HCPIX
SWHFX	0.72	0.69	0.97		0.8	0.06	0.87	0.64	SWHFX
BHSRX	0.82	0.93	0.91	0.8		0.6	0.97	0.95	BHSRX
FHCCX	0.39	0.71	0.25	0.06	0.6		0.5	0.76	FHCCX
LYFCX	0.82	0.94	0.95	0.87	0.97	0.5		0.88	LYFCX
GTHCX	0.69	0.9	0.76	0.64	0.95	0.76	0.88		GTHCX
	LOGSX	VGHCX	HCPIX	SWHFX	BHSRX	FHCCX	LYFCX	GTHCX

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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
LOGSX	0.66	0.01	0.07	(0.18)	0.90	(0.67)	1.18	(1.14)	3.69
VGHCX	0.66	0.01	0.09	(0.15)	0.78	(0.71)	1.49	(1.11)	4.70
HCPIX	0.95	0.11	0.17	(0.50)	0.88	(1.08)	1.88	(1.60)	5.22
SWHFX	0.61	0.09	0.23	(0.59)	0.47	(0.73)	1.29	(1.00)	3.30
BHSRX	0.62	0.04	0.16	(0.30)	0.60	(0.70)	1.32	(0.96)	3.74
FHCCX	0.78	(0.01)	0.05	0.02	1.04	(0.79)	1.46	(1.24)	5.65
LYFCX	0.59	0.03	0.14	(0.29)	0.61	(0.66)	1.17	(1.14)	3.17
GTHCX	0.67	0.05	0.13	(0.39)	0.72	(0.73)	1.39	(1.22)	4.61

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