Lazard Global Correlations

Mutual Funds . USA . 
Fund . Lazard Global Listed
GLIFX Fund  USD 16.26  0.07  0.43%   
The current 90-days correlation between Lazard Global Listed and Lazard Global Listed is 1.0 (i.e., No risk reduction). 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.

Lazard Global Correlation With Market

Weak diversification

The correlation between Lazard Global Listed and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard Global Listed and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Lazard Global Listed. 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 census.

Moving together with Lazard Mutual Fund

  0.69OCMPX Lazard InternationalPairCorr
  0.9LZEMX Lazard Emerging MarketsPairCorr
  0.93LZESX Lazard InternationalPairCorr
  0.88LZHYX Lazard Corporate IncomePairCorr
  0.91LZIEX Lazard InternationalPairCorr
  0.92LZIOX Lazard InternationalPairCorr
  0.88LZHOX Lazard Corporate IncomePairCorr
  0.93LZISX Lazard InternationalPairCorr
  0.9LZOEX Lazard Emerging MarketsPairCorr
  0.93LZSIX Lazard InternationalPairCorr
  0.93LZSMX Lazard InternationalPairCorr
  0.91UMNIX Lazard Short DurationPairCorr
  0.92UMNOX Lazard Short DurationPairCorr
  0.94RALIX Lazard Real AssetsPairCorr
  0.94RALOX Lazard Real AssetsPairCorr
  0.94RALYX Lazard Real AssetsPairCorr
  0.69RCMPX Lazard InternationalPairCorr
  0.77ECEOX Lazard Emerging MarketsPairCorr
  0.77ECEIX Lazard Emerging MarketsPairCorr
  0.81READX Lazard Emerging MarketsPairCorr
  1.0GLFOX Lazard Global ListedPairCorr
  0.69ICMPX Lazard InternationalPairCorr
  0.91IEAIX Lazard InternationalPairCorr
  0.91IEAOX Lazard InternationalPairCorr

Moving against Lazard Mutual Fund

  0.56RUSRX Lazard Systematic SmallPairCorr
  0.52LZCOX Lazard Small MidPairCorr
  0.52LZSCX Lazard Small MidPairCorr
  0.36LZUOX Lazard Strategic EquityPairCorr
  0.36LZUSX Lazard Strategic EquityPairCorr
  0.56LUSIX Lazard FundsPairCorr
  0.56LUSOX Lazard FundsPairCorr
  0.52RLSMX Lazard Small MidPairCorr
  0.42CONOX Lazard FundsPairCorr
  0.42CONIX Columbia Global TechPairCorr
  0.4RLUEX Lazard Equity ConcenPairCorr
  0.4LEVOX Lazard Equity CentratedPairCorr
  0.4LEVIX Lazard Equity CentratedPairCorr

Related Correlations Analysis

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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.

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