Lazard Capital Correlations

LCAOX Fund

USD 11.31 0.07 0.62%

The current 90-days correlation between Lazard Capital Allocator and Lord Abbett Diversified is 0.93 (i.e., Almost no 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 0.81 (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 producer price index.

Moving together with Lazard Mutual Fund

0.72	LZHYX	Lazard Corporate Income	Pair Corr
0.92	LZIOX	Lazard International	Pair Corr
0.74	LZOEX	Lazard Emerging Markets	Pair Corr
0.8	LISIX	Lazard International	Pair Corr
0.67	RALIX	Lazard Real Assets	Pair Corr
0.68	RALOX	Lazard Real Assets	Pair Corr
0.67	RALYX	Lazard Real Assets	Pair Corr
0.65	GLFOX	Lazard Global Listed	Pair Corr
0.64	GLIFX	Lazard Global Listed	Pair Corr
1.0	LCAIX	Lazard Capital Allocator	Pair Corr
0.85	LDMIX	Lazard Developing Markets	Pair Corr
0.69	RLEMX	Lazard Emerging Markets	Pair Corr
0.88	LEAIX	Lazard Emerging Markets	Pair Corr
0.84	LEVOX	Lazard Equity Centrated	Pair Corr
0.84	LEVIX	Lazard Equity Centrated	Pair Corr
0.81	PAALX	All Asset Fund	Pair Corr
0.81	PATRX	Pimco All Asset	Pair Corr
0.81	PAAIX	All Asset Fund	Pair Corr
0.81	PALPX	Pimco All Asset	Pair Corr
0.81	PASAX	All Asset Fund	Pair Corr
0.82	PASCX	All Asset Fund	Pair Corr
0.82	PAANX	Pimco All Asset	Pair Corr
0.79	PAUPX	Pimco All Asset	Pair Corr
0.78	PAUIX	Pimco All Asset	Pair Corr
0.9	WARRX	Wells Fargo Advantage	Pair Corr
0.83	BTMPX	Ishares Msci Eafe	Pair Corr
0.92	BTMKX	Blackrock International	Pair Corr
0.83	MDIIX	Blackrock Intern Index	Pair Corr

Moving against Lazard Mutual Fund

0.48	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.45	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.44	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.43	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr

Related Correlations Analysis

	LIGQX	ACDOX	CDEYX	MDBYX	ACV	QDARX	FARIX
LIGQX		0.83	0.75	0.9	0.77	0.61	0.81	LIGQX
ACDOX	0.83		0.69	0.97	0.83	0.8	0.8	ACDOX
CDEYX	0.75	0.69		0.7	0.82	0.72	0.86	CDEYX
MDBYX	0.9	0.97	0.7		0.81	0.74	0.82	MDBYX
ACV	0.77	0.83	0.82	0.81		0.9	0.87	ACV
QDARX	0.61	0.8	0.72	0.74	0.9		0.82	QDARX
FARIX	0.81	0.8	0.86	0.82	0.87	0.82		FARIX
	LIGQX	ACDOX	CDEYX	MDBYX	ACV	QDARX	FARIX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LIGQX	0.23	0.01	(0.07)	0.07	0.23	(0.26)	0.51	(0.45)	1.40
ACDOX	0.18	0.02	(0.08)	0.37	0.04	(0.21)	0.43	(0.32)	0.97
CDEYX	0.50	0.09	0.06	0.68	0.57	(0.55)	1.08	(0.96)	3.28
MDBYX	0.15	0.03	(0.09)	0.50	0.00	(0.20)	0.35	(0.24)	0.83
ACV	0.70	0.16	0.13	0.29	0.79	(0.73)	1.57	(1.30)	5.16
QDARX	0.07	0.01	(0.33)	0.38	0.00	(0.10)	0.15	(0.08)	0.38
FARIX	0.35	0.06	0.05	0.23	0.30	(0.42)	1.06	(0.67)	1.94

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC