Lazard Strategic Correlations

Mutual Funds . USA . 
Fund . Lazard Strategic Equity
LZUOX Fund  USD 17.44  0.03  0.17%   
The current 90-days correlation between Lazard Strategic Equity and Semiconductor Ultrasector Profund is 0.07 (i.e., Significant diversification). The correlation of Lazard Strategic 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 Strategic Correlation With Market

Significant diversification

The correlation between Lazard Strategic Equity and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard Strategic 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 Strategic 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 persons.

Moving together with Lazard Mutual Fund

  0.86LZFOX Lazard Equity FranchisePairCorr
  0.98LZEMX Lazard Emerging MarketsPairCorr
  0.94LZESX Lazard InternationalPairCorr
  0.64LZHYX Lazard Corporate IncomePairCorr
  0.95LZIEX Lazard InternationalPairCorr
  0.64LZHOX Lazard Corporate IncomePairCorr
  0.65LZISX Lazard InternationalPairCorr
  0.63LZOEX Lazard Emerging MarketsPairCorr
  0.96LZSMX Lazard InternationalPairCorr
  0.67LZUSX Lazard Strategic EquityPairCorr
  0.97LISIX Lazard InternationalPairCorr
  0.97LISOX Lazard InternationalPairCorr
  0.62SUSTX Lazard Sustainable EquityPairCorr
  0.62SUSLX Lazard Sustainable EquityPairCorr
  0.61ECEOX Lazard Emerging MarketsPairCorr
  0.61ECEIX Lazard Emerging MarketsPairCorr
  0.65READX Lazard Emerging MarketsPairCorr
  0.85GLFOX Lazard Global ListedPairCorr
  0.85GLIFX Lazard Global ListedPairCorr
  0.65CONIX Columbia Global TechPairCorr
  0.99LCAIX Lazard Capital AllocatorPairCorr
  0.99LCAOX 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 Strategic 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 Strategic'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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