Neiman Large Correlations

NEAMX Fund

USD 31.60 0.31 0.99%

The current 90-days correlation between Neiman Large Cap and Credit Suisse Multialternative is 0.53 (i.e., Very weak diversification). The correlation of Neiman Large 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.

Neiman Large Correlation With Market

Average diversification

The correlation between Neiman Large Cap and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Neiman Large Cap 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 Neiman Large Cap. 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 population.

Moving together with Neiman Mutual Fund

0.73	NEIMX	Neiman Large Cap	Pair Corr
0.88	VVIAX	Vanguard Value Index	Pair Corr
0.82	DOXGX	Dodge Cox Stock	Pair Corr
0.77	AFMFX	American Mutual	Pair Corr
0.75	FFMMX	American Funds American	Pair Corr
0.75	FFFMX	American Funds American	Pair Corr
0.77	AMRMX	American Mutual	Pair Corr
0.75	AMFFX	American Mutual	Pair Corr
0.75	AMFCX	American Mutual	Pair Corr
0.91	DODGX	Dodge Stock Fund	Pair Corr
0.92	VIVAX	Vanguard Value Index	Pair Corr
0.75	PCF	Putnam High Income	Pair Corr
0.63	JHQCX	Jpmorgan Hedged Equity	Pair Corr
0.65	HICSX	Harbor Vertible Secu	Pair Corr
0.74	HSSAX	Emerald Banking And	Pair Corr

Related Correlations Analysis

	CSQIX	TIIHX	RYIFX	MFTFX	LIPNX	ABNYX	LIFAX
CSQIX		0.67	0.47	-0.29	0.68	0.66	0.69	CSQIX
TIIHX	0.67		0.27	-0.28	0.91	0.95	0.83	TIIHX
RYIFX	0.47	0.27		0.51	0.37	0.31	0.46	RYIFX
MFTFX	-0.29	-0.28	0.51		-0.15	-0.2	-0.16	MFTFX
LIPNX	0.68	0.91	0.37	-0.15		0.96	0.79	LIPNX
ABNYX	0.66	0.95	0.31	-0.2	0.96		0.79	ABNYX
LIFAX	0.69	0.83	0.46	-0.16	0.79	0.79		LIFAX
	CSQIX	TIIHX	RYIFX	MFTFX	LIPNX	ABNYX	LIFAX

Click cells to compare fundamentals

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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

ABNYX	+ 0.96	LIPNX
ABNYX	+ 0.95	TIIHX
LIPNX	+ 0.91	TIIHX
LIFAX	+ 0.83	TIIHX
LIFAX	+ 0.79	LIPNX
LIFAX	+ 0.79	ABNYX

High negative correlations

MFTFX	- 0.29	CSQIX
MFTFX	- 0.28	TIIHX
ABNYX	- 0.2	MFTFX
LIFAX	- 0.16	MFTFX
LIPNX	- 0.15	MFTFX

Risk-Adjusted Indicators

There is a big difference between Neiman Mutual Fund performing well and Neiman Large 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 Neiman Large'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
CSQIX	0.44	(0.16)	0.00	(1.90)	0.00	0.00	0.55	(0.37)	13.40
TIIHX	0.15	(0.05)	0.00	(1.77)	0.00	0.00	0.28	(0.47)	0.85
RYIFX	0.52	(0.04)	0.00	(0.12)	0.00	0.00	0.92	(1.24)	5.83
MFTFX	0.97	(0.01)	(0.01)	(0.07)	1.46	(0.85)	1.68	(2.06)	5.15
LIPNX	0.22	(0.06)	0.00	(2.92)	0.00	0.00	0.32	(0.52)	1.36
ABNYX	0.16	(0.04)	0.00	(10.98)	0.00	0.00	0.19	(0.29)	0.87
LIFAX	0.11	(0.03)	0.00	(0.82)	0.00	0.00	0.26	(0.26)	0.69

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