Lazard Global Correlations

Mutual Funds . USA . 
Fund . Lazard Global Listed
GLFOX Fund  USD 18.05  0.08  0.45%   
The current 90-days correlation between Lazard Global Listed and International Fund International is 0.39 (i.e., Weak diversification). The correlation of Lazard Global 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.

Lazard Global Correlation With Market

Weak diversification

The correlation between Lazard Global Listed and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard Global Listed and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Lazard Global Listed. 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

  0.87LZFOX Lazard Equity FranchisePairCorr
  0.95LZESX Lazard InternationalPairCorr
  0.64LZFIX Lazard Equity FranchisePairCorr
  0.96LZIEX Lazard InternationalPairCorr
  0.67LZIOX Lazard InternationalPairCorr
  0.91LZHOX Lazard Corporate IncomePairCorr
  0.94LZISX Lazard InternationalPairCorr
  0.9LZOEX Lazard Emerging MarketsPairCorr
  0.95LZSIX Lazard InternationalPairCorr
  0.94LZSMX Lazard InternationalPairCorr
  0.92GESIX Lazard Global EquityPairCorr
  0.79LZSCX Lazard Small MidPairCorr
  0.89LZUSX Lazard Strategic EquityPairCorr
  0.62LISIX Lazard InternationalPairCorr
  0.62LISOX Lazard InternationalPairCorr
  0.63SUSTX Lazard Sustainable EquityPairCorr
  0.63SUSLX Lazard Sustainable EquityPairCorr
  0.77UMNIX Lazard Short DurationPairCorr
  0.76UMNOX Lazard Short DurationPairCorr
  0.91RALOX Lazard Real AssetsPairCorr
  0.94RCMPX Lazard InternationalPairCorr
  0.92ECEIX Lazard Emerging MarketsPairCorr
  0.9READX Lazard Emerging MarketsPairCorr
  1.0GLIFX Lazard Global ListedPairCorr
  0.86IEAIX Lazard InternationalPairCorr
  0.87CONIX Columbia Global TechPairCorr
  0.92LCAIX Lazard Capital AllocatorPairCorr
  0.92LCAOX Lazard Capital AllocatorPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Lazard Mutual Fund performing well and Lazard Global 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 Global'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.

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