Neuberger Berman Correlations

NHS Fund

USD 7.82 0.06 0.77%

The current 90-days correlation between Neuberger Berman High and IHIT is -0.03 (i.e., Good 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

Average diversification

The correlation between Neuberger Berman High and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Neuberger Berman High 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 High. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Neuberger Fund

0.68	NREMX	Neuberger Berman Emerging	Pair Corr
0.79	NRILX	Neuberger Berman Intl	Pair Corr
0.8	NRIQX	Neuberger Berman Int	Pair Corr
0.63	NRSIX	Neuberger Berman Str	Pair Corr
0.64	NSTCX	Neuberger Berman Str	Pair Corr
0.61	NSTAX	Neuberger Berman Str	Pair Corr
0.62	NSTLX	Neuberger Berman Str	Pair Corr
0.61	NSTTX	Neuberger Berman Str	Pair Corr

Moving against Neuberger Fund

0.47	NRARX	Neuberger Berman Socially	Pair Corr
0.47	NRAAX	Neuberger Berman Socially	Pair Corr
0.47	NRMGX	Neuberger Berman Mid	Pair Corr
0.46	NRACX	Neuberger Berman Socially	Pair Corr
0.4	NRGEX	Neuberger Berman Genesis	Pair Corr
0.39	NRGSX	Neuberger Berman Genesis	Pair Corr
0.38	NRINX	Neuberger Berman Int	Pair Corr
0.47	NRSRX	Neuberger Berman Socially	Pair Corr
0.39	NBGAX	Neuberger Berman Genesis	Pair Corr
0.39	NBGEX	Neuberger Berman Genesis	Pair Corr
0.39	NBGIX	Neuberger Berman Genesis	Pair Corr
0.39	NBGNX	Neuberger Berman Genesis	Pair Corr
0.38	NSNCX	Neuberger Berman Small	Pair Corr
0.38	NSNAX	Neuberger Berman Small	Pair Corr
0.38	NSNRX	Neuberger Berman Small	Pair Corr
0.38	NSRSX	Neuberger Berman Small	Pair Corr

Related Correlations Analysis

	IHIT	IHTA	AFB	HNW	NRGX	HFRO	BIGZ	BMEZ	AIO	GHY
IHIT		-0.53	-0.13	-0.54	-0.2	0.06	-0.48	-0.13	-0.44	-0.58	IHIT
IHTA	-0.53		-0.44	0.78	0.87	-0.68	0.83	-0.16	0.82	0.59	IHTA
AFB	-0.13	-0.44		-0.37	-0.62	0.76	-0.24	0.26	-0.3	0.06	AFB
HNW	-0.54	0.78	-0.37		0.73	-0.58	0.79	0.07	0.84	0.73	HNW
NRGX	-0.2	0.87	-0.62	0.73		-0.81	0.79	-0.13	0.83	0.44	NRGX
HFRO	0.06	-0.68	0.76	-0.58	-0.81		-0.49	0.34	-0.56	-0.22	HFRO
BIGZ	-0.48	0.83	-0.24	0.79	0.79	-0.49		0.02	0.96	0.74	BIGZ
BMEZ	-0.13	-0.16	0.26	0.07	-0.13	0.34	0.02		0.02	0.13	BMEZ
AIO	-0.44	0.82	-0.3	0.84	0.83	-0.56	0.96	0.02		0.74	AIO
GHY	-0.58	0.59	0.06	0.73	0.44	-0.22	0.74	0.13	0.74		GHY
	IHIT	IHTA	AFB	HNW	NRGX	HFRO	BIGZ	BMEZ	AIO	GHY

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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

AIO	+ 0.96	BIGZ
NRGX	+ 0.87	IHTA
AIO	+ 0.84	HNW
BIGZ	+ 0.83	IHTA
AIO	+ 0.83	NRGX
AIO	+ 0.82	IHTA

High negative correlations

HFRO	- 0.81	NRGX
HFRO	- 0.68	IHTA
NRGX	- 0.62	AFB
HFRO	- 0.58	HNW
GHY	- 0.58	IHIT
AIO	- 0.56	HFRO

Risk-Adjusted Indicators

There is a big difference between Neuberger Fund performing well and Neuberger Berman 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
IHIT	0.46	(0.03)	0.00	0.40	0.00	0.00	1.07	(1.18)	2.70
IHTA	0.24	0.05	(0.15)	2.05	0.25	(0.31)	0.68	(0.27)	2.03
AFB	0.49	0.03	(0.16)	(0.27)	0.61	(0.50)	1.12	(0.94)	2.88
HNW	0.31	0.02	(0.21)	1.24	0.36	(0.36)	0.74	(0.82)	1.98
NRGX	1.01	0.15	0.04	0.67	1.14	(1.08)	2.23	(2.05)	7.31
HFRO	0.94	(0.02)	(0.08)	0.07	1.01	(1.19)	1.72	(1.78)	8.38
BIGZ	0.83	0.05	0.05	0.18	0.98	(0.86)	1.75	(1.59)	5.15
BMEZ	0.59	(0.05)	(0.15)	0.03	0.69	(0.58)	1.04	(1.10)	3.56
AIO	0.82	0.16	0.12	0.34	0.81	(0.94)	2.06	(1.38)	4.42
GHY	0.51	0.01	(0.11)	0.18	0.63	(0.55)	1.12	(1.02)	3.76

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