Neuberger Berman Correlations

NREMX Fund

USD 20.68 0.14 0.67%

The current 90-days correlation between Neuberger Berman Emerging and Putnam Convertible Securities is -0.07 (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

Weak diversification

The correlation between Neuberger Berman Emerging and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Neuberger Berman Emerging 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 Emerging. 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 Neuberger Mutual Fund

0.73	NHS	Neuberger Berman High	Pair Corr
0.71	NRABX	Neuberger Berman Absolute	Pair Corr
0.71	NRCRX	Neuberger Berman Core	Pair Corr
0.85	NRILX	Neuberger Berman Intl	Pair Corr
0.86	NRIQX	Neuberger Berman Int	Pair Corr
0.73	NABEX	Neuberger Berman Absolute	Pair Corr
0.7	NABCX	Neuberger Berman Absolute	Pair Corr
0.7	NABIX	Neuberger Berman Absolute	Pair Corr
0.75	NSTAX	Neuberger Berman Str	Pair Corr
0.86	NBIIX	Neuberger Berman Int	Pair Corr
0.74	NBHAX	Neuberger Berman Equity	Pair Corr
0.69	NBHEX	Neuberger Berman Equity	Pair Corr
0.74	NBHCX	Neuberger Berman Equity	Pair Corr
0.74	NBHRX	Neuberger Berman Equity	Pair Corr
0.85	NBNCX	Neuberger Berman Int	Pair Corr
0.85	NBNRX	Neuberger Berman Int	Pair Corr

Moving against Neuberger Mutual Fund

0.62	NSNCX	Neuberger Berman Small	Pair Corr
0.62	NBMIX	Neuberger Berman Small	Pair Corr
0.59	NRGEX	Neuberger Berman Genesis	Pair Corr
0.56	NRGSX	Neuberger Berman Genesis	Pair Corr
0.56	NBGEX	Neuberger Berman Genesis	Pair Corr
0.42	NBGUX	Neuberger Berman Guardian	Pair Corr
0.41	NBGTX	Neuberger Berman Guardian	Pair Corr
0.36	NBMTX	Neuberger Berman Mid	Pair Corr
0.51	NBMRX	Neuberger Berman Mid	Pair Corr
0.46	NINLX	Neuberger Berman Int	Pair Corr
0.42	NGDCX	Neuberger Berman Guardian	Pair Corr
0.41	NGDAX	Neuberger Berman Guardian	Pair Corr
0.41	NGDLX	Neuberger Berman Guardian	Pair Corr
0.41	NGRDX	Neuberger Berman Guardian	Pair Corr
0.41	NGUAX	Neuberger Berman Guardian	Pair Corr
0.31	NBSTX	Neuberger Berman Socially	Pair Corr

Related Correlations Analysis

	PCNTX	ARBOX	PBXIX	LCFYX	VAADX
PCNTX		-0.52	0.93	0.84	0.99	PCNTX
ARBOX	-0.52		-0.29	-0.1	-0.52	ARBOX
PBXIX	0.93	-0.29		0.85	0.92	PBXIX
LCFYX	0.84	-0.1	0.85		0.83	LCFYX
VAADX	0.99	-0.52	0.92	0.83		VAADX
	PCNTX	ARBOX	PBXIX	LCFYX	VAADX

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

VAADX	+ 0.99	PCNTX
PBXIX	+ 0.93	PCNTX
VAADX	+ 0.92	PBXIX
LCFYX	+ 0.85	PBXIX
LCFYX	+ 0.84	PCNTX
VAADX	+ 0.83	LCFYX

High negative correlations

VAADX	- 0.52	ARBOX
ARBOX	- 0.52	PCNTX
PBXIX	- 0.29	ARBOX
LCFYX	- 0.1	ARBOX

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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
PCNTX	0.66	(0.08)	1.61	1.26	(1.68)	3.46
ARBOX	0.05	0.02	1.32	0.09	0.00	0.18
PBXIX	0.43	(0.04)	0.62	0.82	(0.90)	2.66
LCFYX	0.66	(0.03)	(0.06)	1.12	(1.42)	3.20
VAADX	0.65	(0.10)	3.64	1.11	(1.67)	3.26

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