Lazard Developing Correlations

Mutual Funds . USA . 
Fund . Lazard Developing Markets
LDMOX Fund  USD 15.24  0.01  0.07%   
The current 90-days correlation between Lazard Developing Markets and Equity Series Class is 0.7 (i.e., Poor diversification). The correlation of Lazard Developing 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 Developing Correlation With Market

Poor diversification

The correlation between Lazard Developing Markets and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard Developing Markets 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 Developing Markets. 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

  0.95OCMPX Lazard InternationalPairCorr
  0.94LZCOX Lazard Small MidPairCorr
  0.92LZFOX Lazard Equity FranchisePairCorr
  0.98LZEMX Lazard Emerging MarketsPairCorr
  0.97LZESX Lazard InternationalPairCorr
  0.92LZFIX Lazard Equity FranchisePairCorr
  0.97LZHYX Lazard Corporate IncomePairCorr
  0.97LZIEX Lazard InternationalPairCorr
  0.97LZIOX Lazard InternationalPairCorr
  0.97LZHOX Lazard Corporate IncomePairCorr
  0.95LZISX Lazard InternationalPairCorr
  0.98LZOEX Lazard Emerging MarketsPairCorr
  0.97LZSIX Lazard InternationalPairCorr
  0.95LZSMX Lazard InternationalPairCorr
  0.98GESIX Lazard Global EquityPairCorr
  0.98GESOX Lazard Global EquityPairCorr
  0.94LZSCX Lazard Small MidPairCorr
  0.98LZUOX Lazard Strategic EquityPairCorr
  0.98LZUSX Lazard Strategic EquityPairCorr
  0.97LISIX Lazard InternationalPairCorr
  0.97LISOX Lazard InternationalPairCorr
  0.98SUSTX Lazard Sustainable EquityPairCorr
  0.98SUSLX Lazard Sustainable EquityPairCorr
  0.75UMNIX Lazard Short DurationPairCorr
  0.74UMNOX Lazard Short DurationPairCorr
  0.9RALIX Lazard Real AssetsPairCorr
  0.9RALYX Lazard Real AssetsPairCorr
  0.96RCMPX Lazard InternationalPairCorr
  0.89RUSRX Lazard Systematic SmallPairCorr
  0.99ECEOX Lazard Emerging MarketsPairCorr
  0.99ECEIX Lazard Emerging MarketsPairCorr
  0.98READX Lazard Emerging MarketsPairCorr
  0.91GLFOX Lazard Global ListedPairCorr
  0.91GLIFX Lazard Global ListedPairCorr
  0.95ICMPX Lazard InternationalPairCorr
  0.86IEAIX Lazard InternationalPairCorr
  0.97CONOX Lazard FundsPairCorr
  0.98CONIX Columbia Global TechPairCorr
  0.98LCAIX 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 Developing 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 Developing'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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