Lazard Global Correlations

Mutual Funds . USA . 
Fund . Lazard Global Listed
GLIFX Fund  USD 18.17  0.14  0.76%   
The current 90-days correlation between Lazard Global Listed and Lazard Global Listed is 1.0 (i.e., No risk reduction). 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

Modest diversification

The correlation between Lazard Global Listed and DJI is 0.21 (i.e., Modest 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 census.

Moving together with Lazard Mutual Fund

  1.0GLFOX Lazard Global ListedPairCorr
  0.88VCRCX Mainstay Cbre GlobalPairCorr
  0.71VCRAX Voya Cbre GlobalPairCorr
  0.89VCRIX Voya Cbre GlobalPairCorr
  0.64BRUFX Bruce Fund BrucePairCorr
  0.86SPGSX State Street PremierPairCorr
  0.8ISIAX Voya Strategic IncomePairCorr
  0.84DCEMX Dunham Emerging MarketsPairCorr
  0.84CSRYX Columbia Select LargePairCorr
  0.77SPSDX Sterling Capital BehPairCorr
  0.93RIVKX American Funds InterPairCorr
  0.85FDEGX Fidelity Growth StraPairCorr
  0.74FISVX Fidelity Small CapPairCorr
  0.85PSHAX Short Term FundPairCorr
  0.86FFFCX Fidelity Freedom 2010PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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