Neuberger Berman Correlations

NML Fund

USD 8.72 0.01 0.11%

The current 90-days correlation between Neuberger Berman Mlp and Munivest Fund is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Neuberger Berman moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Neuberger Berman Mlp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Neuberger Berman Correlation With Market

Average diversification

The correlation between Neuberger Berman Mlp and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Neuberger Berman Mlp 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 Mlp. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in industry.

Related Correlations Analysis

	MVF	MQY	NMCO	NRK	EMO
MVF		0.97	0.84	0.85	-0.36	MVF
MQY	0.97		0.92	0.93	-0.44	MQY
NMCO	0.84	0.92		0.97	-0.42	NMCO
NRK	0.85	0.93	0.97		-0.54	NRK
EMO	-0.36	-0.44	-0.42	-0.54		EMO
	MVF	MQY	NMCO	NRK	EMO

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

MQY	+ 0.97	MVF
NRK	+ 0.97	NMCO
NRK	+ 0.93	MQY
NMCO	+ 0.92	MQY
NRK	+ 0.85	MVF
NMCO	+ 0.84	MVF

High negative correlations

EMO	- 0.54	NRK
EMO	- 0.44	MQY
EMO	- 0.42	NMCO
EMO	- 0.36	MVF

Risk-Adjusted Indicators

There is a big difference between Neuberger Fund performing well and Neuberger Berman 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
MVF	0.43	0.07	0.02	0.50	0.24	(0.61)	1.09	(0.61)	2.22
MQY	0.43	0.09	0.05	0.61	0.11	(0.54)	1.01	(0.64)	2.83
NMCO	0.47	0.04	(0.04)	0.37	0.49	(0.52)	1.21	(0.98)	2.38
NRK	0.41	0.07	0.03	0.42	0.12	(0.54)	1.30	(0.50)	2.31
EMO	0.74	(0.01)	0.00	0.31	0.00	0.00	1.41	(1.53)	6.98

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