Correlation Between Neuberger Berman and Fidelity Zero

Can any of the company-specific risk be diversified away by investing in both Neuberger Berman and Fidelity Zero 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 Fidelity Zero into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Neuberger Berman Strategic and Fidelity Zero International, you can compare the effects of market volatilities on Neuberger Berman and Fidelity Zero 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 Fidelity Zero. Check out your portfolio center. Please also check ongoing floating volatility patterns of Neuberger Berman and Fidelity Zero.

Diversification Opportunities for Neuberger Berman and Fidelity Zero

0.0

Correlation Coefficient

Neuberger Berman  Fidelity Zero

Pay attention - limited upside

The 3 months correlation between Neuberger and Fidelity is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Neuberger Berman Strategic and Fidelity Zero International in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Fidelity Zero Intern 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 Strategic are associated (or correlated) with Fidelity Zero. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Fidelity Zero Intern has no effect on the direction of Neuberger Berman i.e., Neuberger Berman and Fidelity Zero go up and down completely randomly.

Pair Corralation between Neuberger Berman and Fidelity Zero

If you would invest (100.00) in Fidelity Zero International on September 15, 2025 and sell it today you would earn a total of  100.00  from holding Fidelity Zero International or generate -100.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	100.0%
Values	Daily Returns

Neuberger Berman Strategic  vs.  Fidelity Zero International

Neuberger Berman Str

Risk-Adjusted Performance

Soft

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

Fidelity Zero Intern

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Fidelity Zero International are ranked lower than 1 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong essential indicators, Fidelity Zero 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 Fidelity Zero

The main advantage of trading using opposite Neuberger Berman and Fidelity Zero positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Neuberger Berman position performs unexpectedly, Fidelity Zero 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 Fidelity Zero will offset losses from the drop in Fidelity Zero's long position.

The idea behind Neuberger Berman Strategic and Fidelity Zero International 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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.