Correlation Between Neuberger Berman and Fkhemx

Can any of the company-specific risk be diversified away by investing in both Neuberger Berman and Fkhemx 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 Fkhemx 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 Fkhemx, you can compare the effects of market volatilities on Neuberger Berman and Fkhemx 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 Fkhemx. Check out your portfolio center. Please also check ongoing floating volatility patterns of Neuberger Berman and Fkhemx.

Diversification Opportunities for Neuberger Berman and Fkhemx

0.64

Correlation Coefficient

Neuberger Berman  Fkhemx

Poor diversification

The 3 months correlation between Neuberger and Fkhemx is 0.64. Overlapping area represents the amount of risk that can be diversified away by holding Neuberger Berman Strategic and Fkhemx in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Fkhemx 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 Fkhemx. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Fkhemx has no effect on the direction of Neuberger Berman i.e., Neuberger Berman and Fkhemx go up and down completely randomly.

Pair Corralation between Neuberger Berman and Fkhemx

Assuming the 90 days horizon Neuberger Berman is expected to generate 3.19 times less return on investment than Fkhemx. But when comparing it to its historical volatility, Neuberger Berman Strategic is 3.75 times less risky than Fkhemx. It trades about 0.2 of its potential returns per unit of risk. Fkhemx is currently generating about 0.17 of returns per unit of risk over similar time horizon. If you would invest  1,027  in Fkhemx on May 4, 2025 and sell it today you would earn a total of  84.00  from holding Fkhemx or generate 8.18% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Significant
Accuracy	100.0%
Values	Daily Returns

Neuberger Berman Strategic  vs.  Fkhemx

Neuberger Berman Str

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Neuberger Berman Strategic are ranked lower than 15 (%) of all funds and portfolios of funds over the last 90 days. 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.

Fkhemx

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Fkhemx are ranked lower than 13 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak technical indicators, Fkhemx may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Pair Trading with Neuberger Berman and Fkhemx

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

The idea behind Neuberger Berman Strategic and Fkhemx 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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.