Neiman Large Correlations

Mutual Funds . USA . 
Fund . Neiman Large Cap
NEAMX Fund  USD 33.86  0.02  0.06%   
The current 90-days correlation between Neiman Large Cap and Scharf Global Opportunity is -0.17 (i.e., Good diversification). The correlation of Neiman Large 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.

Neiman Large Correlation With Market

Good diversification

The correlation between Neiman Large Cap and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Neiman Large Cap 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 Neiman Large Cap. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Neiman Mutual Fund

  0.99NEIMX Neiman Large CapPairCorr
  0.7VVIAX Vanguard Value IndexPairCorr
  0.74DOXGX Dodge Cox StockPairCorr
  0.78AFMFX American MutualPairCorr
  0.78FFMMX American Funds AmericanPairCorr
  0.79FFFMX American Funds AmericanPairCorr
  0.71AMRMX American MutualPairCorr
  0.71AMFFX American MutualPairCorr
  0.71AMFCX American MutualPairCorr
  0.74DODGX Dodge Stock FundPairCorr
  0.7VIVAX Vanguard Value IndexPairCorr
  0.99OPTFX Oppenheimer CapitalPairCorr
  0.94LICYX Lord Abbett InternationalPairCorr
  0.98VFINX Vanguard 500 IndexPairCorr
  0.86THIFX Thornburg Limited TermPairCorr
  0.96VVONX Invesco Value OpportPairCorr
  0.98FPGGX American Funds GrowthPairCorr
  0.83XVGIX Virtus Global MultiPairCorr
  0.78FADAX Fidelity Advisor DividendPairCorr
  0.98PLMTX Principal Lifetime HybridPairCorr
  0.8NWFFX New World FundPairCorr
  0.74HERSX Hartford Emerging MarketsPairCorr
  0.8RCPRX Rbc Bluebay CorePairCorr
  0.73IVPOX Voya Smallcap OpportPairCorr
  0.99ITGIX Vy T RowePairCorr
  0.98FAXTX American Funds 2065PairCorr
  0.73SCCMX Sterling Capital PoratePairCorr
  0.86PYAYX Payden Corporate BondPairCorr
  0.94GMBPX Goldman Sachs ShortPairCorr
  0.99GCLLX Goldman Sachs FlexiblePairCorr
  0.79MFJGX Mfs Lifetime 2060PairCorr
  0.95WSMGX Small Pany GrowthPairCorr
  0.89FZNOPX FznopxPairCorr
  0.73PWJCX Prudential JennisonPairCorr
  0.97XASGX Liberty All StarPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Neiman Mutual Fund performing well and Neiman Large 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 Neiman Large'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY