Lazard Capital Correlations

Mutual Funds . USA . 
Fund . Lazard Capital Allocator
LCAOX Fund  USD 10.79  0.01  0.09%   
The current 90-days correlation between Lazard Capital Allocator and The Arbitrage Event Driven is 0.59 (i.e., Very weak 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

Good diversification

The correlation between Lazard Capital Allocator and DJI is -0.09 (i.e., Good 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 persons.

Moving together with Lazard Mutual Fund

  0.64LZCOX Lazard Small MidPairCorr
  0.87LZFOX Lazard Equity FranchisePairCorr
  0.98LZEMX Lazard Emerging MarketsPairCorr
  0.96LZESX Lazard InternationalPairCorr
  0.72LZHYX Lazard Corporate IncomePairCorr
  0.97LZIEX Lazard InternationalPairCorr
  0.65LZIOX Lazard InternationalPairCorr
  0.72LZHOX Lazard Corporate IncomePairCorr
  0.74LZISX Lazard InternationalPairCorr
  0.72LZOEX Lazard Emerging MarketsPairCorr
  0.65LZSIX Lazard InternationalPairCorr
  0.98LZSMX Lazard InternationalPairCorr
  0.69GESIX Lazard Global EquityPairCorr
  0.69GESOX Lazard Global EquityPairCorr
  0.65LZSCX Lazard Small MidPairCorr
  0.99LZUOX Lazard Strategic EquityPairCorr
  0.76LZUSX Lazard Strategic EquityPairCorr
  0.99LISIX Lazard InternationalPairCorr
  0.99LISOX Lazard InternationalPairCorr
  0.73SUSTX Lazard Sustainable EquityPairCorr
  0.73SUSLX Lazard Sustainable EquityPairCorr
  0.62UMNIX Lazard Short DurationPairCorr
  0.61RALYX Lazard Real AssetsPairCorr
  0.71ECEOX Lazard Emerging MarketsPairCorr
  0.71ECEIX Lazard Emerging MarketsPairCorr
  0.73READX Lazard Emerging MarketsPairCorr
  0.9GLFOX Lazard Global ListedPairCorr
  0.91GLIFX Lazard Global ListedPairCorr
  0.68IEAIX Lazard InternationalPairCorr
  0.73CONOX Lazard FundsPairCorr
  0.72CONIX Columbia Global TechPairCorr

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 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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