Lazard International Correlations

Mutual Funds . USA . 
Fund . Lazard International Equity
LZIEX Fund  USD 19.15  0.06  0.31%   
The current 90-days correlation between Lazard International and Nationwide Bailard Technology is 0.53 (i.e., Very weak 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 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard International 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 income.

Moving together with Lazard Mutual Fund

  0.98OCMPX Lazard InternationalPairCorr
  0.89LZCOX Lazard Small MidPairCorr
  0.94LZFOX Lazard Equity FranchisePairCorr
  0.96LZEMX Lazard Emerging MarketsPairCorr
  1.0LZESX Lazard InternationalPairCorr
  0.94LZFIX Lazard Equity FranchisePairCorr
  0.96LZHYX Lazard Corporate IncomePairCorr
  1.0LZIOX Lazard InternationalPairCorr
  0.96LZHOX Lazard Corporate IncomePairCorr
  0.97LZISX Lazard InternationalPairCorr
  0.96LZOEX Lazard Emerging MarketsPairCorr
  1.0LZSIX Lazard InternationalPairCorr
  0.97LZSMX Lazard InternationalPairCorr
  0.98GESIX 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
  0.97SUSTX Lazard Sustainable EquityPairCorr
  0.97SUSLX Lazard Sustainable EquityPairCorr
  0.77UMNIX Lazard Short DurationPairCorr
  0.76UMNOX Lazard Short DurationPairCorr
  0.91RALIX Lazard Real AssetsPairCorr
  0.91RALOX Lazard Real AssetsPairCorr
  0.91RALYX Lazard Real AssetsPairCorr
  0.98RCMPX Lazard InternationalPairCorr
  0.89RUSRX Lazard Systematic SmallPairCorr
  0.97ECEOX Lazard Emerging MarketsPairCorr
  0.97ECEIX Lazard Emerging MarketsPairCorr
  0.96READX Lazard Emerging MarketsPairCorr
  0.96GLFOX Lazard Global ListedPairCorr
  0.96GLIFX Lazard Global ListedPairCorr
  0.98ICMPX Lazard InternationalPairCorr
  0.9IEAIX 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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