Lazard Emerging Correlations

Mutual Funds . USA . 
Fund . Lazard Emerging Markets
ECEOX Fund  USD 12.13  0.07  0.58%   
The current 90-days correlation between Lazard Emerging Markets and Amana Developing World is 0.13 (i.e., Average diversification). The correlation of Lazard Emerging is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Lazard Emerging Markets. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Lazard Mutual Fund

  0.95OCMPX Lazard InternationalPairCorr
  0.91LZCOX Lazard Small MidPairCorr
  0.91LZFOX Lazard Equity FranchisePairCorr
  0.99LZEMX Lazard Emerging MarketsPairCorr
  0.97LZESX Lazard InternationalPairCorr
  0.92LZFIX Lazard Equity FranchisePairCorr
  0.98LZHYX Lazard Corporate IncomePairCorr
  0.97LZIEX Lazard InternationalPairCorr
  0.97LZIOX Lazard InternationalPairCorr
  0.98LZHOX Lazard Corporate IncomePairCorr
  0.97LZISX Lazard InternationalPairCorr
  0.99LZOEX Lazard Emerging MarketsPairCorr
  0.96LZSIX Lazard InternationalPairCorr
  0.97LZSMX Lazard InternationalPairCorr
  0.97GESIX Lazard Global EquityPairCorr
  0.97GESOX Lazard Global EquityPairCorr
  0.93LZSCX Lazard Small MidPairCorr
  0.98LZUOX Lazard Strategic EquityPairCorr
  0.98LZUSX Lazard Strategic EquityPairCorr
  0.98LISIX Lazard InternationalPairCorr
  0.98LISOX Lazard InternationalPairCorr
  0.97SUSTX Lazard Sustainable EquityPairCorr
  0.97SUSLX Lazard Sustainable EquityPairCorr
  0.79UMNIX Lazard Short DurationPairCorr
  0.77UMNOX Lazard Short DurationPairCorr
  0.93RALIX Lazard Real AssetsPairCorr
  0.93RALOX Lazard Real AssetsPairCorr
  0.93RALYX Lazard Real AssetsPairCorr
  0.94RCMPX Lazard InternationalPairCorr
  0.87RUSRX Lazard Systematic SmallPairCorr
  0.99ECEIX Lazard Emerging MarketsPairCorr
  0.98READX Lazard Emerging MarketsPairCorr
  0.92GLFOX Lazard Global ListedPairCorr
  0.92GLIFX Lazard Global ListedPairCorr
  0.95ICMPX Lazard InternationalPairCorr
  0.9IEAIX Lazard InternationalPairCorr
  0.98CONOX Lazard FundsPairCorr
  0.97CONIX Columbia Global TechPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Lazard Mutual Fund performing well and Lazard Emerging Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Lazard Emerging's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AMDWX  0.45  0.08  0.00  0.32  0.35 
(0.53)
 1.32 
(0.91)
 3.11 
EAEMX  0.38  0.22  0.16 (5.98) 0.00 
(0.48)
 1.14 
(0.71)
 3.02 
OCMPX  0.56  0.19  0.05 (1.60) 0.45 
(0.62)
 1.33 
(1.22)
 3.81 
LZCOX  1.01  0.05  0.06  0.17  1.07 
(1.13)
 2.37 
(1.93)
 7.55 
LZFOX  0.56  0.13 (0.01)(1.18) 0.59 
(0.66)
 1.29 
(1.05)
 3.69 
LZEMX  0.47  0.19  0.18  0.58  0.00 
(0.56)
 1.54 
(0.70)
 4.03 
LZESX  0.54  0.21  0.10 (4.58) 0.34 
(0.64)
 1.32 
(1.13)
 3.44 
LZFIX  0.57  0.14 (0.01)(1.11) 0.59 
(0.65)
 1.29 
(1.05)
 3.79 
LZHYX  0.16  0.06 (0.31) 0.51  0.00 
(0.21)
 0.56 
(0.17)
 1.17 
LZIEX  0.53  0.13  0.08  0.42  0.32 
(0.62)
 1.22 
(1.05)
 3.25 

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