Lazard Global Correlations
| GDMIX Fund | USD 8.88 0.00 0.00% |
The correlation of Lazard Global 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.
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Risk-Adjusted Indicators
There is a big difference between Lazard Mutual Fund performing well and Lazard Global 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 Global'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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TWQZX | 0.47 | (0.02) | (0.10) | 0.11 | 0.30 | 1.16 | 3.48 | |||
| LMTIX | 0.55 | 0.10 | 0.10 | 0.26 | 0.45 | 1.33 | 4.07 | |||
| PCLVX | 0.48 | (0.02) | (0.10) | 0.10 | 0.33 | 1.01 | 3.99 | |||
| DLCIX | 0.51 | 0.04 | 0.03 | 0.18 | 0.52 | 1.23 | 4.24 | |||
| FIOOX | 0.50 | (0.01) | (0.08) | 0.11 | 0.30 | 1.06 | 3.54 | |||
| TFCCX | 0.48 | 0.00 | (0.07) | 0.13 | 0.33 | 0.93 | 3.59 | |||
| LAAFX | 0.52 | (0.04) | (0.09) | 0.08 | 0.76 | 1.27 | 7.00 | |||
| AUEIX | 0.43 | (0.02) | (0.13) | 0.10 | 0.41 | 1.03 | 2.98 |