Lazard Us Correlations

Mutual Funds . USA . 
Fund . Lazard Small Mid Cap
LZSCX Fund  USD 11.53  0.16  1.41%   
The current 90-days correlation between Lazard Small Mid and Blackrock Science Technology is 0.53 (i.e., Very weak diversification). The correlation of Lazard Us 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 Us Correlation With Market

Very poor diversification

The correlation between Lazard Small Mid Cap and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard Small Mid Cap 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 Small Mid Cap. 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 main economic indicators.

Moving together with Lazard Mutual Fund

  0.67LZCOX Lazard Small MidPairCorr
  0.87LZHOX Lazard Corporate IncomePairCorr
  0.65LZUOX Lazard Strategic EquityPairCorr
  0.61SUSTX Lazard Sustainable EquityPairCorr
  0.61UMNIX Lazard Short DurationPairCorr
  0.76RALIX Lazard Real AssetsPairCorr
  0.76RALYX Lazard Real AssetsPairCorr
  0.85ICMPX Lazard InternationalPairCorr
  0.62CONOX Lazard FundsPairCorr
  0.94CONIX Columbia Global TechPairCorr
  0.62LCAIX Lazard Capital AllocatorPairCorr
  0.62LCAOX 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 Us 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 Us' 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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