Correlation Between Clearbridge Mid and Lazard International

Can any of the company-specific risk be diversified away by investing in both Clearbridge Mid and Lazard International 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 Clearbridge Mid and Lazard International into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Clearbridge Mid Cap and Lazard International Strategic, you can compare the effects of market volatilities on Clearbridge Mid and Lazard International 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 Clearbridge Mid with a short position of Lazard International. Check out your portfolio center. Please also check ongoing floating volatility patterns of Clearbridge Mid and Lazard International.

Diversification Opportunities for Clearbridge Mid and Lazard International

0.82

Correlation Coefficient

Clearbridge Mid  Lazard International

Very poor diversification

The 3 months correlation between Clearbridge and Lazard is 0.82. Overlapping area represents the amount of risk that can be diversified away by holding Clearbridge Mid Cap and Lazard International Strategic in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Lazard International and Clearbridge 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 Clearbridge Mid Cap are associated (or correlated) with Lazard International. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Lazard International has no effect on the direction of Clearbridge Mid i.e., Clearbridge Mid and Lazard International go up and down completely randomly.

Pair Corralation between Clearbridge Mid and Lazard International

Assuming the 90 days horizon Clearbridge Mid Cap is expected to generate 2.09 times more return on investment than Lazard International. However, Clearbridge Mid is 2.09 times more volatile than Lazard International Strategic. It trades about 0.08 of its potential returns per unit of risk. Lazard International Strategic is currently generating about 0.07 per unit of risk. If you would invest  3,756  in Clearbridge Mid Cap on October 8, 2025 and sell it today you would earn a total of  238.00  from holding Clearbridge Mid Cap or generate 6.34% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Strong
Accuracy	100.0%
Values	Daily Returns

Clearbridge Mid Cap  vs.  Lazard International Strategic

Clearbridge Mid Cap

Risk-Adjusted Performance

Mild

Compared to the overall equity markets, risk-adjusted returns on investments in Clearbridge Mid Cap are ranked lower than 6 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Clearbridge Mid may actually be approaching a critical reversion point that can send shares even higher in February 2026.

Lazard International

Risk-Adjusted Performance

Mild

Compared to the overall equity markets, risk-adjusted returns on investments in Lazard International Strategic are ranked lower than 5 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong forward indicators, Lazard International is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Clearbridge Mid and Lazard International

The main advantage of trading using opposite Clearbridge Mid and Lazard International positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Clearbridge Mid position performs unexpectedly, Lazard International 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 International will offset losses from the drop in Lazard International's long position.

The idea behind Clearbridge Mid Cap and Lazard International Strategic 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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.