Correlation Between Sprott Gold and Neuberger Berman

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

By analyzing existing cross correlation between Sprott Gold Equity and Neuberger Berman Socially, you can compare the effects of market volatilities on Sprott Gold and Neuberger Berman 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 Sprott Gold with a short position of Neuberger Berman. Check out your portfolio center. Please also check ongoing floating volatility patterns of Sprott Gold and Neuberger Berman.

Diversification Opportunities for Sprott Gold and Neuberger Berman

0.18

Correlation Coefficient

Sprott Gold  Neuberger Berman

Average diversification

The 3 months correlation between Sprott and Neuberger is 0.18. Overlapping area represents the amount of risk that can be diversified away by holding Sprott Gold Equity and Neuberger Berman Socially in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Neuberger Berman Socially and Sprott Gold 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 Sprott Gold Equity are associated (or correlated) with Neuberger Berman. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Neuberger Berman Socially has no effect on the direction of Sprott Gold i.e., Sprott Gold and Neuberger Berman go up and down completely randomly.

Pair Corralation between Sprott Gold and Neuberger Berman

Assuming the 90 days horizon Sprott Gold Equity is expected to generate 2.44 times more return on investment than Neuberger Berman. However, Sprott Gold is 2.44 times more volatile than Neuberger Berman Socially. It trades about 0.16 of its potential returns per unit of risk. Neuberger Berman Socially is currently generating about 0.13 per unit of risk. If you would invest  10,030  in Sprott Gold Equity on September 12, 2025 and sell it today you would earn a total of  2,482  from holding Sprott Gold Equity or generate 24.75% return on investment over 90 days.

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

Sprott Gold Equity  vs.  Neuberger Berman Socially

Sprott Gold Equity

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Sprott Gold Equity are ranked lower than 12 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak essential indicators, Sprott Gold showed solid returns over the last few months and may actually be approaching a breakup point.

Neuberger Berman Socially

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Neuberger Berman Socially are ranked lower than 10 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Neuberger Berman may actually be approaching a critical reversion point that can send shares even higher in January 2026.

Pair Trading with Sprott Gold and Neuberger Berman

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

The idea behind Sprott Gold Equity and Neuberger Berman Socially 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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.