Lazard Correlations

LAZ Stock

USD 55.24 1.27 2.35%

The current 90-days correlation between Lazard and PJT Partners is 0.64 (i.e., Poor diversification). The correlation of Lazard 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 Correlation With Market

Weak diversification

The correlation between Lazard and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more information on how to buy Lazard Stock please use our How to Invest in Lazard guide.

Moving together with Lazard Stock

0.62	BX	Blackstone Group	Pair Corr
0.65	VINP	Vinci Partners Inves	Pair Corr
0.71	ABR	Arbor Realty Trust	Pair Corr
0.78	AMP	Ameriprise Financial	Pair Corr
0.77	BEN	Franklin Resources	Pair Corr
0.83	JHG	Janus Henderson Group	Pair Corr
0.65	PWP	Perella Weinberg Partners	Pair Corr

Moving against Lazard Stock

0.63	CWD	CaliberCos Class A	Pair Corr
0.59	PFX	Phenixfin	Pair Corr
0.52	FTII	Futuretech II Acquisition	Pair Corr
0.63	IPXXU	Inflection Point Acq	Pair Corr
0.5	GLAD	Gladstone Capital	Pair Corr

Related Correlations Analysis

	PJT	MC	HLI	PIPR	PWP	EVR	SRL	SF
PJT		0.73	0.42	0.18	0.33	0.0	0.22	0.36	PJT
MC	0.73		0.64	0.29	0.65	0.24	0.31	0.68	MC
HLI	0.42	0.64		0.84	0.83	0.79	-0.07	0.87	HLI
PIPR	0.18	0.29	0.84		0.68	0.94	-0.26	0.74	PIPR
PWP	0.33	0.65	0.83	0.68		0.7	-0.09	0.86	PWP
EVR	0.0	0.24	0.79	0.94	0.7		-0.32	0.73	EVR
SRL	0.22	0.31	-0.07	-0.26	-0.09	-0.32		0.14	SRL
SF	0.36	0.68	0.87	0.74	0.86	0.73	0.14		SF
	PJT	MC	HLI	PIPR	PWP	EVR	SRL	SF

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

EVR	+ 0.94	PIPR
SF	+ 0.87	HLI
SF	+ 0.86	PWP
PIPR	+ 0.84	HLI
PWP	+ 0.83	HLI
EVR	+ 0.79	HLI

High negative correlations

SRL	- 0.32	EVR
SRL	- 0.26	PIPR
SRL	- 0.09	PWP
SRL	- 0.07	HLI
EVR	- 0.0	PJT

Risk-Adjusted Indicators

There is a big difference between Lazard Stock performing well and Lazard Company 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'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
PJT	1.40	0.16	0.09	0.15	1.55	(1.44)	3.41	(2.54)	8.79
MC	1.39	(0.02)	0.00	(0.02)	0.00	0.00	2.91	(2.63)	7.95
HLI	1.11	(0.06)	0.00	(0.08)	0.00	0.00	2.15	(2.46)	7.12
PIPR	1.26	(0.13)	0.00	(0.14)	0.00	0.00	2.38	(2.41)	7.52
PWP	1.89	(0.02)	0.00	(0.02)	0.00	0.00	4.66	(3.79)	12.09
EVR	1.23	(0.20)	0.00	(0.22)	0.00	0.00	2.17	(2.79)	8.83
SRL	2.74	0.22	0.07	(0.85)	2.98	(3.24)	4.40	(4.52)	41.32
SF	1.11	(0.06)	0.00	(0.07)	0.00	0.00	2.06	(2.55)	6.43

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC