Lazard International Correlations

Mutual Funds . USA . 
Fund . Lazard International Small
LZISX Fund  USD 10.15  0.03  0.29%   
The current 90-days correlation between Lazard International and Lazard International Quality is 0.78 (i.e., Poor 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

Very weak diversification

The correlation between Lazard International Small and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard International Small 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 Small. 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

  0.92OCMPX Lazard InternationalPairCorr
  0.87LZCOX Lazard Small MidPairCorr
  0.88LZFOX Lazard Equity FranchisePairCorr
  0.97LZEMX Lazard Emerging MarketsPairCorr
  0.95LZESX Lazard InternationalPairCorr
  0.88LZFIX Lazard Equity FranchisePairCorr
  0.98LZHYX Lazard Corporate IncomePairCorr
  0.97LZIEX Lazard InternationalPairCorr
  0.97LZIOX Lazard InternationalPairCorr
  0.98LZHOX Lazard Corporate IncomePairCorr
  0.97LZOEX Lazard Emerging MarketsPairCorr
  0.95LZSIX Lazard InternationalPairCorr
  1.0LZSMX Lazard InternationalPairCorr
  0.95GESIX Lazard Global EquityPairCorr
  0.95GESOX Lazard Global EquityPairCorr
  0.87LZSCX Lazard Small MidPairCorr
  0.96LZUOX Lazard Strategic EquityPairCorr
  0.96LZUSX Lazard Strategic EquityPairCorr
  0.99LISIX Lazard InternationalPairCorr
  0.99LISOX Lazard InternationalPairCorr
  0.94SUSTX Lazard Sustainable EquityPairCorr
  0.94SUSLX Lazard Sustainable EquityPairCorr
  0.82UMNIX Lazard Short DurationPairCorr
  0.8UMNOX Lazard Short DurationPairCorr
  0.93RALIX Lazard Real AssetsPairCorr
  0.93RALOX Lazard Real AssetsPairCorr
  0.93RALYX Lazard Real AssetsPairCorr
  0.79RUSRX Lazard Systematic SmallPairCorr
  0.97ECEOX Lazard Emerging MarketsPairCorr
  0.97ECEIX Lazard Emerging MarketsPairCorr
  0.97READX Lazard Emerging MarketsPairCorr
  0.94GLFOX Lazard Global ListedPairCorr
  0.94GLIFX Lazard Global ListedPairCorr
  0.92ICMPX Lazard InternationalPairCorr
  0.88IEAIX Lazard InternationalPairCorr
  0.96CONOX Lazard FundsPairCorr
  0.96CONIX Columbia Global TechPairCorr
  0.98LCAIX Lazard Capital AllocatorPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
OCMPX  0.55  0.08  0.02  0.29  0.51 
(0.60)
 1.23 
(1.22)
 3.81 
LZCOX  1.01  0.05  0.06  0.17  1.07 
(1.13)
 2.37 
(1.93)
 7.55 
LZFOX  0.55  0.04 (0.03) 0.21  0.61 
(0.63)
 1.28 
(1.05)
 3.65 
LZEMX  0.47  0.19  0.18  0.58  0.00 
(0.56)
 1.54 
(0.70)
 4.03 
LZESX  0.53  0.12  0.07  0.37  0.37 
(0.62)
 1.08 
(1.13)
 3.44 
LZFIX  0.55  0.04 (0.03) 0.21  0.61 
(0.62)
 1.28 
(1.05)
 3.75 
LZHYX  0.16  0.06 (0.31) 0.51  0.00 
(0.21)
 0.56 
(0.17)
 1.17 
LZIEX  0.53  0.13  0.08  0.42  0.32 
(0.62)
 1.22 
(1.05)
 3.25 
LZIOX  0.54  0.13  0.08  0.41  0.33 
(0.62)
 1.20 
(1.04)
 3.24 
LZHOX  0.16  0.06 (0.30) 0.51  0.00 
(0.21)
 0.54 
(0.16)
 1.22 

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