Lazard Emerging Correlations

Mutual Funds . USA . 
Fund . Lazard Emerging Markets
LZOEX Fund  USD 22.59  0.03  0.13%   
The current 90-days correlation between Lazard Emerging Markets and Thornburg International Value is -0.04 (i.e., Good diversification). The correlation of Lazard Emerging 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 Emerging Correlation With Market

Poor diversification

The correlation between Lazard Emerging Markets and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard Emerging Markets 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 Emerging Markets. 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

  0.66OCMPX Lazard InternationalPairCorr
  0.64LZCOX Lazard Small MidPairCorr
  0.72LZFOX Lazard Equity FranchisePairCorr
  0.73LZEMX Lazard Emerging MarketsPairCorr
  0.74LZESX Lazard InternationalPairCorr
  0.98LZHYX Lazard Corporate IncomePairCorr
  0.74LZIEX Lazard InternationalPairCorr
  0.98LZHOX Lazard Corporate IncomePairCorr
  0.97LZISX Lazard InternationalPairCorr
  0.95LZSIX Lazard InternationalPairCorr
  0.7LZSMX Lazard InternationalPairCorr
  0.96GESIX Lazard Global EquityPairCorr
  0.96GESOX Lazard Global EquityPairCorr
  0.91LZSCX Lazard Small MidPairCorr
  0.71LZUOX Lazard Strategic EquityPairCorr
  0.98LZUSX Lazard Strategic EquityPairCorr
  0.73LISIX Lazard InternationalPairCorr
  0.73LISOX Lazard InternationalPairCorr
  0.95SUSTX Lazard Sustainable EquityPairCorr
  0.95SUSLX Lazard Sustainable EquityPairCorr
  0.82UMNIX Lazard Short DurationPairCorr
  0.8UMNOX Lazard Short DurationPairCorr
  0.94RALIX Lazard Real AssetsPairCorr
  0.94RALOX Lazard Real AssetsPairCorr
  0.94RALYX Lazard Real AssetsPairCorr
  0.92RCMPX Lazard InternationalPairCorr
  0.82RUSRX Lazard Systematic SmallPairCorr
  0.99ECEOX Lazard Emerging MarketsPairCorr
  0.99ECEIX Lazard Emerging MarketsPairCorr
  1.0READX Lazard Emerging MarketsPairCorr
  0.63GLFOX Lazard Global ListedPairCorr
  0.63GLIFX Lazard Global ListedPairCorr
  0.91ICMPX Lazard InternationalPairCorr
  0.86IEAIX Lazard InternationalPairCorr
  0.63CONOX Lazard FundsPairCorr
  0.98CONIX Columbia Global TechPairCorr
  0.72LCAIX Lazard Capital AllocatorPairCorr
  0.72LCAOX Lazard Capital AllocatorPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Lazard Mutual Fund performing well and Lazard Emerging 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 Emerging'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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