Lazard Equity Correlations

Mutual Funds . USA . 
Fund . Lazard Equity Franchise
LZFOX Fund  USD 9.51  0.03  0.32%   
The current 90-days correlation between Lazard Equity Franchise and Transamerica Emerging Markets is -0.16 (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

Good diversification

The correlation between Lazard Equity Franchise and DJI is -0.17 (i.e., 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 persons.

Moving together with Lazard Mutual Fund

  0.61LZCOX Lazard Small MidPairCorr
  0.65LZEMX Lazard Emerging MarketsPairCorr
  0.9LZESX Lazard InternationalPairCorr
  0.72LZFIX Lazard Equity FranchisePairCorr
  0.66LZHYX Lazard Corporate IncomePairCorr
  0.9LZIEX Lazard InternationalPairCorr
  0.63LZIOX Lazard InternationalPairCorr
  0.65LZHOX Lazard Corporate IncomePairCorr
  0.65LZISX Lazard InternationalPairCorr
  0.65LZOEX Lazard Emerging MarketsPairCorr
  0.64LZSIX Lazard InternationalPairCorr
  0.82LZSMX Lazard InternationalPairCorr
  0.64GESIX Lazard Global EquityPairCorr
  0.64GESOX Lazard Global EquityPairCorr
  0.61LZSCX Lazard Small MidPairCorr
  0.67LZUOX Lazard Strategic EquityPairCorr
  0.67LZUSX Lazard Strategic EquityPairCorr
  0.68LISIX Lazard InternationalPairCorr
  0.67LISOX Lazard InternationalPairCorr
  0.67SUSTX Lazard Sustainable EquityPairCorr
  0.67SUSLX Lazard Sustainable EquityPairCorr
  0.64UMNIX Lazard Short DurationPairCorr
  0.64UMNOX Lazard Short DurationPairCorr
  0.63ECEOX Lazard Emerging MarketsPairCorr
  0.63ECEIX Lazard Emerging MarketsPairCorr
  0.66READX Lazard Emerging MarketsPairCorr
  0.78GLFOX Lazard Global ListedPairCorr
  0.78GLIFX Lazard Global ListedPairCorr
  0.64CONOX Lazard FundsPairCorr
  0.63CONIX 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 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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