Lazard International Correlations

Mutual Funds . USA . 
Fund . Lazard International Strategic
LISOX Fund  USD 16.30  0.05  0.31%   
The current 90-days correlation between Lazard International and Lazard International Quality is 0.88 (i.e., Very poor diversification). The correlation of Lazard International 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 International Correlation With Market

Poor diversification

The correlation between Lazard International Strategic and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard International Strategic 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 International Strategic. 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
  0.9LZCOX Lazard Small MidPairCorr
  0.92LZFOX Lazard Equity FranchisePairCorr
  0.98LZEMX Lazard Emerging MarketsPairCorr
  0.98LZESX Lazard InternationalPairCorr
  0.92LZFIX Lazard Equity FranchisePairCorr
  0.97LZHYX Lazard Corporate IncomePairCorr
  0.98LZIEX Lazard InternationalPairCorr
  0.98LZIOX Lazard InternationalPairCorr
  0.97LZHOX Lazard Corporate IncomePairCorr
  0.99LZISX Lazard InternationalPairCorr
  0.98LZOEX Lazard Emerging MarketsPairCorr
  0.98LZSIX Lazard InternationalPairCorr
  0.99LZSMX Lazard InternationalPairCorr
  0.97GESIX Lazard Global EquityPairCorr
  0.97GESOX Lazard Global EquityPairCorr
  0.9LZSCX Lazard Small MidPairCorr
  0.97LZUOX Lazard Strategic EquityPairCorr
  0.97LZUSX Lazard Strategic EquityPairCorr
  1.0LISIX Lazard InternationalPairCorr
  0.97SUSTX Lazard Sustainable EquityPairCorr
  0.97SUSLX Lazard Sustainable EquityPairCorr
  0.81UMNIX Lazard Short DurationPairCorr
  0.79UMNOX Lazard Short DurationPairCorr
  0.93RALIX Lazard Real AssetsPairCorr
  0.92RALOX Lazard Real AssetsPairCorr
  0.92RALYX Lazard Real AssetsPairCorr
  0.95RCMPX Lazard InternationalPairCorr
  0.84RUSRX Lazard Systematic SmallPairCorr
  0.98ECEOX Lazard Emerging MarketsPairCorr
  0.98READX Lazard Emerging MarketsPairCorr
  0.95GLFOX Lazard Global ListedPairCorr
  0.95GLIFX Lazard Global ListedPairCorr
  0.95ICMPX Lazard InternationalPairCorr
  0.89IEAIX Lazard InternationalPairCorr
  0.96CONOX Lazard FundsPairCorr
  0.96CONIX Columbia Global TechPairCorr
  0.99LCAIX Lazard Capital AllocatorPairCorr

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 International 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 International'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
OCMPX  0.55  0.08  0.02  0.29  0.51 
(0.60)
 1.23 
(1.22)
 3.81 
LZCOX  1.01  0.05  0.06  0.17  1.07 
(1.13)
 2.37 
(1.93)
 7.55 
LZFOX  0.55  0.04 (0.03) 0.21  0.61 
(0.63)
 1.28 
(1.05)
 3.65 
LZEMX  0.47  0.19  0.18  0.58  0.00 
(0.56)
 1.54 
(0.70)
 4.03 
LZESX  0.53  0.12  0.07  0.37  0.37 
(0.62)
 1.08 
(1.13)
 3.44 
LZFIX  0.55  0.04 (0.03) 0.21  0.61 
(0.62)
 1.28 
(1.05)
 3.75 
LZHYX  0.16  0.06 (0.31) 0.51  0.00 
(0.21)
 0.56 
(0.17)
 1.17 
LZIEX  0.53  0.13  0.08  0.42  0.32 
(0.62)
 1.22 
(1.05)
 3.25 
LZIOX  0.54  0.13  0.08  0.41  0.33 
(0.62)
 1.20 
(1.04)
 3.24 
LZHOX  0.16  0.06 (0.30) 0.51  0.00 
(0.21)
 0.54 
(0.16)
 1.22 

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