Correlation Between Simt Mid and Lazard Global

Can any of the company-specific risk be diversified away by investing in both Simt Mid and Lazard Global at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Simt Mid and Lazard Global into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Simt Mid Cap and Lazard Global Equity, you can compare the effects of market volatilities on Simt Mid and Lazard Global and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Simt Mid with a short position of Lazard Global. Check out your portfolio center. Please also check ongoing floating volatility patterns of Simt Mid and Lazard Global.

Diversification Opportunities for Simt Mid and Lazard Global

0.0

Correlation Coefficient

Simt Mid  Lazard Global

Pay attention - limited upside

The 3 months correlation between Simt and Lazard is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Simt Mid Cap and Lazard Global Equity in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Lazard Global Equity and Simt Mid is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Simt Mid Cap are associated (or correlated) with Lazard Global. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Lazard Global Equity has no effect on the direction of Simt Mid i.e., Simt Mid and Lazard Global go up and down completely randomly.

Pair Corralation between Simt Mid and Lazard Global

If you would invest (100.00) in Lazard Global Equity on August 26, 2025 and sell it today you would earn a total of  100.00  from holding Lazard Global Equity or generate -100.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

Simt Mid Cap  vs.  Lazard Global Equity

Simt Mid Cap

Risk-Adjusted Performance

Weakest

Over the last 90 days Simt Mid Cap has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong forward indicators, Simt Mid is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Lazard Global Equity

Risk-Adjusted Performance

Weakest

Over the last 90 days Lazard Global Equity has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong forward indicators, Lazard Global is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Simt Mid and Lazard Global

The main advantage of trading using opposite Simt Mid and Lazard Global positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Simt Mid position performs unexpectedly, Lazard Global can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Lazard Global will offset losses from the drop in Lazard Global's long position.

The idea behind Simt Mid Cap and Lazard Global Equity pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.