Neuberger Berman Correlations

Mutual Funds . USA . 
Fund . Neuberger Berman Small
NSRSX Fund  USD 49.62  0.34  0.68%   
The current 90-days correlation between Neuberger Berman Small and Neuberger Berman Large is 0.74 (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

Very poor diversification

The correlation between Neuberger Berman Small 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 Small 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 Small. 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 Neuberger Mutual Fund

  0.66NPNEX Neuberger Berman LargePairCorr
  0.73NPNCX Neuberger Berman LargePairCorr
  0.72NPNAX Neuberger Berman LargePairCorr
  0.73NPNRX Neuberger Berman LargePairCorr
  0.66NPRTX Neuberger Berman LargePairCorr
  0.74NRAEX Neuberger Berman SusPairCorr
  0.67NRACX Neuberger Berman SociallyPairCorr
  0.74NRARX Neuberger Berman SociallyPairCorr
  0.74NRAAX Neuberger Berman SociallyPairCorr
  0.7NRCRX Neuberger Berman CorePairCorr
  0.99NRDGX Neuberger Berman DividendPairCorr
  0.98NREMX Neuberger Berman EmergingPairCorr
  0.74NRERX Neuberger Berman RealPairCorr
  0.74NREAX Neuberger Berman RealPairCorr
  0.72NRECX Neuberger Berman RealPairCorr
  0.94NRGSX Neuberger Berman GenesisPairCorr
  0.98NRHIX Neuberger Berman HighPairCorr
  0.95NRGEX Neuberger Berman GenesisPairCorr
  0.95NRILX Neuberger Berman IntlPairCorr
  0.96NRIQX Neuberger Berman IntPairCorr
  0.97NRINX Neuberger Berman IntPairCorr
  0.97NRLCX Neuberger Berman LargePairCorr
  0.99NRMGX Neuberger Berman MidPairCorr
  0.75NRREX Neuberger Berman RealPairCorr
  0.93NRSIX Neuberger Berman StrPairCorr
  0.98NRSRX Neuberger Berman SociallyPairCorr
  1.0NSNCX Neuberger Berman SmallPairCorr
  1.0NSNAX Neuberger Berman SmallPairCorr
  1.0NSNRX Neuberger Berman SmallPairCorr
  0.92NSTCX Neuberger Berman StrPairCorr
  0.92NSTAX Neuberger Berman StrPairCorr
  0.93NSTLX Neuberger Berman StrPairCorr
  0.92NSTTX Neuberger Berman StrPairCorr
  0.94NBGAX Neuberger Berman GenesisPairCorr
  0.94NBGEX Neuberger Berman GenesisPairCorr
  0.94NBGIX Neuberger Berman GenesisPairCorr
  0.94NBGNX 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  0.47  0.10  0.07  0.32  0.23 
(0.57)
 1.16 
(0.67)
 3.78 
NPNCX  0.47  0.18  0.06 (1.27) 0.24 
(0.56)
 1.16 
(0.67)
 3.78 
NPNAX  0.46  0.19  0.07 (1.13) 0.26 
(0.53)
 1.16 
(0.67)
 3.78 
NPNRX  0.47  0.18  0.06 (1.30) 0.24 
(0.57)
 1.16 
(0.68)
 3.77 
NPRTX  0.47  0.10  0.07  0.32  0.24 
(0.55)
 1.17 
(0.67)
 3.76 
NHS  0.49  0.05 (0.09) 0.98  0.69 
(0.53)
 1.09 
(1.06)
 3.77 
NRAEX  0.56  0.25  0.19 (4.42) 0.00 
(0.71)
 1.50 
(0.71)
 4.06 
NRACX  0.57  0.16  0.19  0.39  0.00 
(0.70)
 1.52 
(0.71)
 4.08 
NRARX  0.56  0.25  0.19 (4.23) 0.00 
(0.68)
 1.52 
(0.72)
 4.07 
NRAAX  0.56  0.25  0.18 (4.27) 0.00 
(0.70)
 1.53 
(0.69)
 4.06 

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