Lazard International Correlations

Mutual Funds . USA . 
Fund . Lazard International Equity
LZESX Fund  USD 12.21  0.03  0.25%   
The current 90-days correlation between Lazard International and Lazard International Equity is 0.96 (i.e., Almost no 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 Equity and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard International Equity 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 Equity. 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 state.

Moving together with Lazard Mutual Fund

  0.99OCMPX Lazard InternationalPairCorr
  0.89LZCOX Lazard Small MidPairCorr
  0.94LZFOX Lazard Equity FranchisePairCorr
  0.95LZEMX Lazard Emerging MarketsPairCorr
  0.94LZFIX Lazard Equity FranchisePairCorr
  0.94LZHYX Lazard Corporate IncomePairCorr
  1.0LZIEX Lazard InternationalPairCorr
  1.0LZIOX Lazard InternationalPairCorr
  0.94LZHOX Lazard Corporate IncomePairCorr
  0.95LZISX Lazard InternationalPairCorr
  0.95LZOEX Lazard Emerging MarketsPairCorr
  1.0LZSIX Lazard InternationalPairCorr
  0.95LZSMX Lazard InternationalPairCorr
  0.99GESIX Lazard Global EquityPairCorr
  0.98GESOX Lazard Global EquityPairCorr
  0.89LZSCX Lazard Small MidPairCorr
  0.96LZUOX Lazard Strategic EquityPairCorr
  0.96LZUSX Lazard Strategic EquityPairCorr
  0.98LISIX Lazard InternationalPairCorr
  0.98LISOX Lazard InternationalPairCorr
  0.98SUSTX Lazard Sustainable EquityPairCorr
  0.98SUSLX Lazard Sustainable EquityPairCorr
  0.73UMNIX Lazard Short DurationPairCorr
  0.73UMNOX Lazard Short DurationPairCorr
  0.88RALIX Lazard Real AssetsPairCorr
  0.88RALOX Lazard Real AssetsPairCorr
  0.88RALYX Lazard Real AssetsPairCorr
  0.99RCMPX Lazard InternationalPairCorr
  0.91RUSRX Lazard Systematic SmallPairCorr
  0.97ECEOX Lazard Emerging MarketsPairCorr
  0.96ECEIX Lazard Emerging MarketsPairCorr
  0.95READX Lazard Emerging MarketsPairCorr
  0.95GLFOX Lazard Global ListedPairCorr
  0.95GLIFX Lazard Global ListedPairCorr
  0.99ICMPX Lazard InternationalPairCorr
  0.91IEAIX Lazard InternationalPairCorr
  0.93CONOX Lazard FundsPairCorr
  0.93CONIX 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 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.

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