Lazard Capital Correlations

Mutual Funds . USA . 
Fund . Lazard Capital Allocator
LCAIX Fund  USD 10.88  0.01  0.09%   
The current 90-days correlation between Lazard Capital Allocator and Allianzgi Technology Fund is 0.84 (i.e., Very poor diversification). The correlation of Lazard Capital 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 Capital Correlation With Market

Very poor diversification

The correlation between Lazard Capital Allocator and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard Capital Allocator and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lazard Capital Allocator. 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 gross domestic product.

Moving together with Lazard Mutual Fund

  0.94OCMPX Lazard InternationalPairCorr
  0.92LZCOX Lazard Small MidPairCorr
  0.91LZFOX Lazard Equity FranchisePairCorr
  0.99LZEMX Lazard Emerging MarketsPairCorr
  0.96LZESX Lazard InternationalPairCorr
  0.91LZFIX Lazard Equity FranchisePairCorr
  0.99LZHYX Lazard Corporate IncomePairCorr
  0.97LZIEX Lazard InternationalPairCorr
  0.97LZIOX Lazard InternationalPairCorr
  0.99LZHOX Lazard Corporate IncomePairCorr
  0.98LZISX Lazard InternationalPairCorr
  0.99LZOEX Lazard Emerging MarketsPairCorr
  0.96LZSIX Lazard InternationalPairCorr
  0.98LZSMX Lazard InternationalPairCorr
  0.98GESIX Lazard Global EquityPairCorr
  0.98GESOX Lazard Global EquityPairCorr
  0.93LZSCX Lazard Small MidPairCorr
  0.99LZUOX Lazard Strategic EquityPairCorr
  0.99LZUSX Lazard Strategic EquityPairCorr
  0.99LISIX Lazard InternationalPairCorr
  0.99LISOX Lazard InternationalPairCorr
  0.98SUSTX Lazard Sustainable EquityPairCorr
  0.98SUSLX Lazard Sustainable EquityPairCorr
  0.82UMNIX Lazard Short DurationPairCorr
  0.8UMNOX Lazard Short DurationPairCorr
  0.92RALIX Lazard Real AssetsPairCorr
  0.92RALOX Lazard Real AssetsPairCorr
  0.92RALYX Lazard Real AssetsPairCorr
  0.94RCMPX Lazard InternationalPairCorr
  0.85RUSRX Lazard Systematic SmallPairCorr
  0.98ECEOX Lazard Emerging MarketsPairCorr
  0.98ECEIX Lazard Emerging MarketsPairCorr
  0.98READX Lazard Emerging MarketsPairCorr
  0.92GLFOX Lazard Global ListedPairCorr
  0.92GLIFX Lazard Global ListedPairCorr
  0.94ICMPX Lazard InternationalPairCorr
  0.98CONOX Lazard FundsPairCorr
  0.98CONIX 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 Capital 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 Capital'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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