Lazard Equity Correlations

Mutual Funds . USA . 
Fund . Lazard Equity Franchise
LZFIX Fund  USD 9.53  0.03  0.32%   
The current 90-days correlation between Lazard Equity Franchise and Touchstone Premium Yield is -0.13 (i.e., Good diversification). The correlation of Lazard Equity 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 Equity Correlation With Market

Very good diversification

The correlation between Lazard Equity Franchise and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard Equity Franchise 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 Equity Franchise. 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 gross domestic product.

Moving together with Lazard Mutual Fund

  0.88OCMPX Lazard InternationalPairCorr
  0.84LZCOX Lazard Small MidPairCorr
  0.78LZFOX Lazard Equity FranchisePairCorr
  0.86LZEMX Lazard Emerging MarketsPairCorr
  0.73LZESX Lazard InternationalPairCorr
  0.86LZHYX Lazard Corporate IncomePairCorr
  0.72LZIEX Lazard InternationalPairCorr
  0.91LZIOX Lazard InternationalPairCorr
  0.72LZHOX Lazard Corporate IncomePairCorr
  0.72LZISX Lazard InternationalPairCorr
  0.72LZOEX Lazard Emerging MarketsPairCorr
  0.73LZSIX Lazard InternationalPairCorr
  0.72LZSMX Lazard InternationalPairCorr
  0.73GESIX Lazard Global EquityPairCorr
  0.9GESOX Lazard Global EquityPairCorr
  0.69LZSCX Lazard Small MidPairCorr
  0.88LZUOX Lazard Strategic EquityPairCorr
  0.75LZUSX Lazard Strategic EquityPairCorr
  0.89LISIX Lazard InternationalPairCorr
  0.89LISOX Lazard InternationalPairCorr
  0.91SUSTX Lazard Sustainable EquityPairCorr
  0.91SUSLX Lazard Sustainable EquityPairCorr
  0.68UMNIX Lazard Short DurationPairCorr
  0.68UMNOX Lazard Short DurationPairCorr
  0.75RALIX Lazard Real AssetsPairCorr
  0.73RALYX Lazard Real AssetsPairCorr
  0.68RCMPX Lazard InternationalPairCorr
  0.76RUSRX Lazard Systematic SmallPairCorr
  0.86ECEOX Lazard Emerging MarketsPairCorr
  0.71ECEIX Lazard Emerging MarketsPairCorr
  0.73READX Lazard Emerging MarketsPairCorr
  0.64GLFOX Lazard Global ListedPairCorr
  0.64GLIFX Lazard Global ListedPairCorr
  0.89ICMPX Lazard InternationalPairCorr
  0.65IEAIX Lazard InternationalPairCorr
  0.82CONOX Lazard FundsPairCorr
  0.71CONIX 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 Equity 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 Equity'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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