Macroaxis considers Neuberger Berman to be unknown risk. Neuberger Berman has Sharpe Ratio of -0.5774 which conveys that Neuberger Berman had -0.5774% of return per unit of risk over the last 2 months. Macroaxis philosophy towards estimating risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Neuberger Berman exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Neuberger Berman HY Bd USD C Acc Mean Deviation of 0.181 and Risk Adjusted Performance of 0.6959 to check out risk estimate we provide.
|Horizon||30 Days Login to change|
Neuberger Berman Market Sensitivity
|As returns on market increase, Neuberger Berman returns are expected to increase less than the market. However during bear market, the loss on holding Neuberger Berman will be expected to be smaller as well.2 Months Beta |Analyze Neuberger Berman Demand TrendCheck current 30 days Neuberger Berman correlation with market (DOW)|
β = 0.0221
Neuberger Berman Central Daily Price Deviation
Neuberger Berman Technical Analysis
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Neuberger Berman Projected Return Density Against MarketAssuming 30 trading days horizon, Neuberger Berman has beta of 0.0221 suggesting as returns on market go up, Neuberger Berman average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Neuberger Berman HY Bd USD C Acc will be expected to be much smaller as well. Moreover, Neuberger Berman HY Bd USD C Acc has an alpha of 0.1244 implying that it can potentially generate 0.1244% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Neuberger Berman is -173.21. The daily returns are destributed with a variance of 1.7 and standard deviation of 1.31. The mean deviation of Neuberger Berman HY Bd USD C Acc is currently at 1.01. For similar time horizon, the selected benchmark (DOW) has volatility of 1.29
|Alpha over DOW||=||0.12|
|Beta against DOW||=||0.0221|
Neuberger Berman Return VolatilityNeuberger Berman HY Bd USD C Acc accepts 1.3056% volatility on return distribution over the 30 days horizon. DOW inherits 1.2919% risk (volatility on return distribution) over the 30 days horizon.
Neuberger Berman HY Bd USD C Acc has a volatility of 1.31 and is 1.02 times more volatile than DOW. 11% of all equities and portfolios are less risky than Neuberger Berman. Compared to the overall equity markets, volatility of historical daily returns of Neuberger Berman HY Bd USD C Acc is lower than 11 (%) of all global equities and portfolios over the last 30 days. Use Neuberger Berman HY Bd USD C Acc to protect against small markets fluctuations. The fund experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of Neuberger Berman to be traded at $11.32 in 30 days. As returns on market increase, Neuberger Berman returns are expected to increase less than the market. However during bear market, the loss on holding Neuberger Berman will be expected to be smaller as well.
Neuberger Berman correlation with market