Lazard Small Correlations

Mutual Funds . USA . 
Fund . Lazard Small Mid Cap
LZCOX Fund  USD 9.88  0.12  1.20%   
The current 90-days correlation between Lazard Small Mid and Loomis Sayles Small is 0.95 (i.e., Almost no diversification). The correlation of Lazard Small 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 Small Correlation With Market

Very poor diversification

The correlation between Lazard Small Mid Cap and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard Small Mid Cap 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 Small Mid Cap. 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

  0.89OCMPX Lazard InternationalPairCorr
  0.89LZFOX Lazard Equity FranchisePairCorr
  0.92LZEMX Lazard Emerging MarketsPairCorr
  0.89LZESX Lazard InternationalPairCorr
  0.89LZFIX Lazard Equity FranchisePairCorr
  0.9LZHYX Lazard Corporate IncomePairCorr
  0.89LZIEX Lazard InternationalPairCorr
  0.89LZIOX Lazard InternationalPairCorr
  0.9LZHOX Lazard Corporate IncomePairCorr
  0.87LZISX Lazard InternationalPairCorr
  0.92LZOEX Lazard Emerging MarketsPairCorr
  0.89LZSIX Lazard InternationalPairCorr
  0.87LZSMX Lazard InternationalPairCorr
  0.93GESIX Lazard Global EquityPairCorr
  0.93GESOX Lazard Global EquityPairCorr
  1.0LZSCX Lazard Small MidPairCorr
  0.95LZUOX Lazard Strategic EquityPairCorr
  0.95LZUSX Lazard Strategic EquityPairCorr
  0.9LISIX Lazard InternationalPairCorr
  0.9LISOX Lazard InternationalPairCorr
  0.94SUSTX Lazard Sustainable EquityPairCorr
  0.94SUSLX Lazard Sustainable EquityPairCorr
  0.68UMNIX Lazard Short DurationPairCorr
  0.68UMNOX Lazard Short DurationPairCorr
  0.82RALIX Lazard Real AssetsPairCorr
  0.82RALOX Lazard Real AssetsPairCorr
  0.82RALYX Lazard Real AssetsPairCorr
  0.89RCMPX Lazard InternationalPairCorr
  0.84RUSRX Lazard Systematic SmallPairCorr
  0.92ECEOX Lazard Emerging MarketsPairCorr
  0.92ECEIX Lazard Emerging MarketsPairCorr
  0.92READX Lazard Emerging MarketsPairCorr
  0.78GLFOX Lazard Global ListedPairCorr
  0.79GLIFX Lazard Global ListedPairCorr
  0.89ICMPX Lazard InternationalPairCorr
  0.75IEAIX Lazard InternationalPairCorr
  0.95CONOX Lazard FundsPairCorr
  0.95CONIX 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 Small 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 Small'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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