Neuberger Berman Correlations

Mutual Funds . USA . 
Fund . Neuberger Berman Genesis
NBGEX Fund  USD 62.85  0.18  0.29%   
The current 90-days correlation between Neuberger Berman Genesis and Neuberger Berman Large is -0.1 (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

Very poor diversification

The correlation between Neuberger Berman Genesis and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Neuberger Berman Genesis 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 Genesis. 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 income.

Moving together with Neuberger Mutual Fund

  0.89NPNEX Neuberger Berman LargePairCorr
  0.91NPNCX Neuberger Berman LargePairCorr
  0.89NPNAX Neuberger Berman LargePairCorr
  0.91NPNRX Neuberger Berman LargePairCorr
  0.89NPRTX Neuberger Berman LargePairCorr
  0.73NHS Neuberger Berman HighPairCorr
  0.96NRAEX Neuberger Berman SusPairCorr
  0.93NRACX Neuberger Berman SociallyPairCorr
  0.97NRARX Neuberger Berman SociallyPairCorr
  0.96NRAAX Neuberger Berman SociallyPairCorr
  0.93NRDGX Neuberger Berman DividendPairCorr
  0.92NREMX Neuberger Berman EmergingPairCorr
  0.72NRERX Neuberger Berman RealPairCorr
  0.73NREAX Neuberger Berman RealPairCorr
  0.75NREEX Neuberger Berman RealPairCorr
  0.71NRECX Neuberger Berman RealPairCorr
  1.0NRGSX Neuberger Berman GenesisPairCorr
  0.91NRHIX Neuberger Berman HighPairCorr
  1.0NRGEX Neuberger Berman GenesisPairCorr
  0.9NRILX Neuberger Berman IntlPairCorr
  0.89NRIQX Neuberger Berman IntPairCorr
  0.97NRINX Neuberger Berman IntPairCorr
  0.91NRLCX Neuberger Berman LargePairCorr
  0.95NRMGX Neuberger Berman MidPairCorr
  0.73NRREX Neuberger Berman RealPairCorr
  0.82NRSIX Neuberger Berman StrPairCorr
  0.96NRSRX Neuberger Berman SociallyPairCorr
  0.95NSNCX Neuberger Berman SmallPairCorr
  0.94NSNAX Neuberger Berman SmallPairCorr
  0.94NSNRX Neuberger Berman SmallPairCorr
  0.82NSTCX Neuberger Berman StrPairCorr
  0.82NSTAX Neuberger Berman StrPairCorr
  0.94NSRSX Neuberger Berman SmallPairCorr
  0.82NSTLX Neuberger Berman StrPairCorr
  0.81NSTTX Neuberger Berman StrPairCorr
  1.0NBGAX Neuberger Berman GenesisPairCorr
  1.0NBGIX Neuberger Berman GenesisPairCorr
  1.0NBGNX Neuberger Berman GenesisPairCorr

Related Correlations Analysis

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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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
NPNEX  0.50  0.15  0.03 (2.96) 0.40 
(0.57)
 1.16 
(0.76)
 3.78 
NPNCX  0.49  0.04 (0.01) 0.20  0.41 
(0.55)
 1.16 
(0.79)
 3.78 
NPNAX  0.49  0.15  0.02 (3.08) 0.41 
(0.54)
 1.16 
(0.76)
 3.78 
NPNRX  0.49  0.05 (0.01) 0.21  0.42 
(0.56)
 1.16 
(0.77)
 3.77 
NPRTX  0.49  0.15  0.02 (3.29) 0.41 
(0.56)
 1.17 
(0.76)
 3.76 
NHS  0.55  0.11 (0.03) 4.64  0.65 
(0.62)
 1.23 
(1.06)
 5.31 
NRAEX  0.60  0.06  0.04  0.20  0.49 
(0.71)
 1.50 
(1.21)
 4.06 
NRACX  0.61  0.16  0.03 (2.75) 0.50 
(0.70)
 1.52 
(1.24)
 4.08 
NRARX  0.60  0.05  0.03  0.19  0.50 
(0.68)
 1.52 
(1.23)
 4.07 
NRAAX  0.60  0.05  0.03  0.19  0.50 
(0.70)
 1.53 
(1.22)
 4.06 

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