Neuberger Berman Correlations

NPRTX Fund

USD 47.08 0.12 0.25%

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

Very weak diversification

The correlation between Neuberger Berman Large and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Neuberger Berman Large 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 Large. 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 estimate.

Moving together with Neuberger Mutual Fund

1.0	NPNEX	Neuberger Berman Large	Pair Corr
1.0	NPNCX	Neuberger Berman Large	Pair Corr
0.94	NPNAX	Neuberger Berman Large	Pair Corr
0.66	NHS	Neuberger Berman High	Pair Corr
0.62	NRAEX	Neuberger Berman Sus	Pair Corr
0.61	NRACX	Neuberger Berman Socially	Pair Corr
0.62	NRARX	Neuberger Berman Socially	Pair Corr
0.73	NRCRX	Neuberger Berman Core	Pair Corr
0.83	NRDGX	Neuberger Berman Dividend	Pair Corr
0.8	NRERX	Neuberger Berman Real	Pair Corr
0.81	NREAX	Neuberger Berman Real	Pair Corr
0.81	NREEX	Neuberger Berman Real	Pair Corr
0.78	NRECX	Neuberger Berman Real	Pair Corr
0.84	NRHIX	Neuberger Berman High	Pair Corr
0.89	NRILX	Neuberger Berman Intl	Pair Corr
0.9	NRIQX	Neuberger Berman Int	Pair Corr
0.95	NRLCX	Neuberger Berman Large	Pair Corr
0.67	NRREX	Neuberger Berman Real	Pair Corr
0.77	NRSIX	Neuberger Berman Str	Pair Corr
0.65	NSTCX	Neuberger Berman Str	Pair Corr
0.64	NSTAX	Neuberger Berman Str	Pair Corr
0.76	NSTLX	Neuberger Berman Str	Pair Corr
0.64	NSTTX	Neuberger Berman Str	Pair Corr

Related Correlations Analysis

	LGRXX	ATOAX	RGVAX	VSIGX	LOISX	BBINX	OWMBX
LGRXX		0.0	0.0	0.0	0.0	0.0	0.0	LGRXX
ATOAX	0.0		0.05	0.11	0.13	0.09	0.12	ATOAX
RGVAX	0.0	0.05		0.9	0.84	0.83	0.94	RGVAX
VSIGX	0.0	0.11	0.9		0.92	0.92	0.94	VSIGX
LOISX	0.0	0.13	0.84	0.92		1.0	0.94	LOISX
BBINX	0.0	0.09	0.83	0.92	1.0		0.93	BBINX
OWMBX	0.0	0.12	0.94	0.94	0.94	0.93		OWMBX
	LGRXX	ATOAX	RGVAX	VSIGX	LOISX	BBINX	OWMBX

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

BBINX	+ 1.0	LOISX
OWMBX	+ 0.94	RGVAX
OWMBX	+ 0.94	VSIGX
OWMBX	+ 0.94	LOISX
OWMBX	+ 0.93	BBINX
LOISX	+ 0.92	VSIGX

High negative correlations

OWMBX	- 0.0	LGRXX
BBINX	- 0.0	LGRXX
LOISX	- 0.0	LGRXX
VSIGX	- 0.0	LGRXX
RGVAX	- 0.0	LGRXX
ATOAX	- 0.0	LGRXX

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
LGRXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ATOAX	0.02	0.00	0.00	(0.32)	0.00	0.00	0.00	0.00	0.30
RGVAX	0.25	0.02	0.05	0.26	0.22	(0.33)	0.60	(0.43)	1.72
VSIGX	0.20	0.01	0.04	(0.25)	0.14	(0.26)	0.46	(0.31)	1.28
LOISX	0.14	0.01	0.00	(1.09)	0.14	(0.18)	0.29	(0.30)	1.27
BBINX	0.13	0.00	(0.01)	(0.14)	0.14	(0.18)	0.29	(0.29)	1.17
OWMBX	0.12	0.01	0.01	1.78	0.12	(0.15)	0.26	(0.35)	0.79

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