Lazard International Correlations

LISIX Fund

USD 14.31 0.15 1.04%

The current 90-days correlation between Lazard International and American Beacon International is 0.46 (i.e., Very weak diversification). The correlation of Lazard International 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 International Correlation With Market

Very good diversification

The correlation between Lazard International Strategic and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard International Strategic 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 International Strategic. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Lazard Mutual Fund

0.73	OCMPX	Lazard International	Pair Corr
0.8	LZFOX	Lazard Equity Franchise	Pair Corr
0.83	LZEMX	Lazard Emerging Markets	Pair Corr
0.89	LZESX	Lazard International	Pair Corr
0.94	LZFIX	Lazard Equity Franchise	Pair Corr
0.76	LZHYX	Lazard Corporate Income	Pair Corr
0.88	LZIEX	Lazard International	Pair Corr
0.91	LZIOX	Lazard International	Pair Corr
0.79	LZHOX	Lazard Corporate Income	Pair Corr
0.83	LZISX	Lazard International	Pair Corr
0.86	LZOEX	Lazard Emerging Markets	Pair Corr
0.89	LZSIX	Lazard International	Pair Corr
0.86	LZSMX	Lazard International	Pair Corr
0.86	LISOX	Lazard International	Pair Corr
0.74	UMNIX	Lazard Short Duration	Pair Corr
0.74	UMNOX	Lazard Short Duration	Pair Corr
0.82	RALIX	Lazard Real Assets	Pair Corr
0.82	RALOX	Lazard Real Assets	Pair Corr
0.82	RALYX	Lazard Real Assets	Pair Corr
0.77	RCMPX	Lazard International	Pair Corr
0.8	ECEOX	Lazard Emerging Markets	Pair Corr
0.8	ECEIX	Lazard Emerging Markets	Pair Corr
0.82	READX	Lazard Emerging Markets	Pair Corr
0.66	GLFOX	Lazard Global Listed	Pair Corr
0.83	GLIFX	Lazard Global Listed	Pair Corr
0.77	ICMPX	Lazard International	Pair Corr
0.91	IEAIX	Lazard International	Pair Corr
0.91	IEAOX	Lazard International	Pair Corr

Moving against Lazard Mutual Fund

0.39	RUSRX	Lazard Systematic Small	Pair Corr
0.4	LUSIX	Lazard Funds	Pair Corr
0.4	LUSOX	Lazard Funds	Pair Corr
0.32	RLUEX	Lazard Equity Concen	Pair Corr
0.32	LEVOX	Lazard Equity Centrated	Pair Corr
0.32	LEVIX	Lazard Equity Centrated	Pair Corr

Related Correlations Analysis

	ABEYX	SEMNX	HLMIX	DDVIX
ABEYX		0.69	0.79	0.17	ABEYX
SEMNX	0.69		0.87	0.12	SEMNX
HLMIX	0.79	0.87		0.19	HLMIX
DDVIX	0.17	0.12	0.19		DDVIX
	ABEYX	SEMNX	HLMIX	DDVIX

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Risk-Adjusted Indicators

There is a big difference between Lazard Mutual Fund performing well and Lazard International 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 International'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
ABEYX	0.70	0.18	0.26	(0.84)	0.71	(0.79)	1.62	(1.64)	5.16
SEMNX	0.79	0.07	0.09	0.10	1.06	(0.78)	1.61	(1.83)	5.63
HLMIX	0.67	0.12	0.17	0.18	0.76	(0.72)	1.61	(1.46)	4.31
DDVIX	0.61	0.00	0.07	(0.05)	0.76	(0.63)	1.16	(1.10)	2.97

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