Neuberger Berman Correlations

NBGNX Fund

USD 63.43 0.06 0.09%

The current 90-days correlation between Neuberger Berman Genesis and Qs Moderate Growth is 0.73 (i.e., Poor 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

Poor diversification

The correlation between Neuberger Berman Genesis and DJI is 0.74 (i.e., 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 state.

Moving together with Neuberger Mutual Fund

1.0	NRGSX	Neuberger Berman Genesis	Pair Corr
0.87	NRGEX	Neuberger Berman Genesis	Pair Corr
0.88	NBGAX	Neuberger Berman Genesis	Pair Corr
1.0	NBGEX	Neuberger Berman Genesis	Pair Corr
1.0	NBGIX	Neuberger Berman Genesis	Pair Corr

Moving against Neuberger Mutual Fund

0.39	NRLCX	Neuberger Berman Large	Pair Corr
0.38	NREMX	Neuberger Berman Emerging	Pair Corr
0.5	NBFAX	Neuberger Berman Focus	Pair Corr
0.41	NSTAX	Neuberger Berman Str	Pair Corr
0.36	NSNAX	Neuberger Berman Small	Pair Corr
0.33	NBHAX	Neuberger Berman Equity	Pair Corr
0.32	NRSIX	Neuberger Berman Str	Pair Corr
0.32	NSTTX	Neuberger Berman Str	Pair Corr

Related Correlations Analysis

	SCGCX	GCIGX	UPDDX	AUERX	MGAFX	PSIJX
SCGCX		0.78	0.73	0.59	0.89	0.89	SCGCX
GCIGX	0.78		0.74	0.45	0.89	0.64	GCIGX
UPDDX	0.73	0.74		0.11	0.82	0.58	UPDDX
AUERX	0.59	0.45	0.11		0.53	0.58	AUERX
MGAFX	0.89	0.89	0.82	0.53		0.73	MGAFX
PSIJX	0.89	0.64	0.58	0.58	0.73		PSIJX
	SCGCX	GCIGX	UPDDX	AUERX	MGAFX	PSIJX

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
SCGCX	0.42	0.01	(0.02)	0.08	0.60	(0.42)	0.87	(1.06)	2.82
GCIGX	0.70	0.09	0.02	0.65	0.83	(0.71)	1.36	(1.61)	3.99
UPDDX	1.31	0.15	0.03	7.69	2.10	(1.24)	2.41	(3.50)	8.73
AUERX	0.86	0.07	0.06	0.14	0.95	(0.99)	1.96	(1.72)	4.33
MGAFX	0.45	0.06	(0.01)	0.78	0.56	(0.45)	0.93	(0.93)	2.85
PSIJX	1.10	0.03	0.04	0.10	1.42	(1.14)	2.72	(2.16)	6.75

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