Correlation Between Neuberger Berman and Eagle Growth

Can any of the company-specific risk be diversified away by investing in both Neuberger Berman and Eagle Growth at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Neuberger Berman and Eagle Growth into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Neuberger Berman Intl and Eagle Growth Income, you can compare the effects of market volatilities on Neuberger Berman and Eagle Growth and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Neuberger Berman with a short position of Eagle Growth. Check out your portfolio center. Please also check ongoing floating volatility patterns of Neuberger Berman and Eagle Growth.

Diversification Opportunities for Neuberger Berman and Eagle Growth

0.0

Correlation Coefficient

Neuberger Berman  Eagle Growth

Pay attention - limited upside

The 3 months correlation between Neuberger and Eagle is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Neuberger Berman Intl and Eagle Growth Income in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Eagle Growth Income and Neuberger Berman is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Neuberger Berman Intl are associated (or correlated) with Eagle Growth. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Eagle Growth Income has no effect on the direction of Neuberger Berman i.e., Neuberger Berman and Eagle Growth go up and down completely randomly.

Pair Corralation between Neuberger Berman and Eagle Growth

If you would invest  2,126  in Eagle Growth Income on September 10, 2025 and sell it today you would earn a total of  21.00  from holding Eagle Growth Income or generate 0.99% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	5.0%
Values	Daily Returns

Neuberger Berman Intl  vs.  Eagle Growth Income

Neuberger Berman Intl

Risk-Adjusted Performance

Weakest

Over the last 90 days Neuberger Berman Intl has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, Neuberger Berman is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Eagle Growth Income

Risk-Adjusted Performance

Soft

Compared to the overall equity markets, risk-adjusted returns on investments in Eagle Growth Income are ranked lower than 4 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong fundamental indicators, Eagle Growth is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Neuberger Berman and Eagle Growth

The main advantage of trading using opposite Neuberger Berman and Eagle Growth positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Neuberger Berman position performs unexpectedly, Eagle Growth can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Eagle Growth will offset losses from the drop in Eagle Growth's long position.

The idea behind Neuberger Berman Intl and Eagle Growth Income pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..