Lazard Equity Correlations
| LZFIX Fund | USD 8.90 0.06 0.68% |
The current 90-days correlation between Lazard Equity Franchise and Nt International Small Mid is 0.1 (i.e., Average diversification). The correlation of Lazard Equity 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 Equity Correlation With Market
Modest diversification
The correlation between Lazard Equity Franchise and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard Equity Franchise and DJI in the same portfolio, assuming nothing else is changed.
Lazard |
Moving together with Lazard Mutual Fund
| 0.95 | LZCOX | Lazard Small Mid | PairCorr |
| 1.0 | LZFOX | Lazard Equity Franchise | PairCorr |
| 0.7 | LZIEX | Lazard International | PairCorr |
| 0.69 | LZIOX | Lazard International | PairCorr |
| 0.93 | GESIX | Lazard Global Equity | PairCorr |
| 0.96 | GESOX | Lazard Global Equity | PairCorr |
| 0.87 | LZSCX | Lazard Small Mid | PairCorr |
| 0.94 | LZUOX | Lazard Strategic Equity | PairCorr |
| 0.94 | LZUSX | Lazard Strategic Equity | PairCorr |
| 0.93 | LISIX | Lazard International | PairCorr |
| 0.93 | LISOX | Lazard International | PairCorr |
| 0.74 | SUSTX | Lazard Sustainable Equity | PairCorr |
| 0.81 | SUSLX | Lazard Sustainable Equity | PairCorr |
| 0.8 | RUSRX | Lazard Systematic Small | PairCorr |
| 0.65 | IEAIX | Lazard International | PairCorr |
| 0.68 | IEAOX | Lazard International | PairCorr |
| 0.65 | CONOX | Lazard Funds | PairCorr |
| 0.98 | LCAIX | Lazard Capital Allocator | PairCorr |
Related Correlations Analysis
| 0.47 | 0.47 | 0.61 | 0.57 | 0.82 | 0.85 | ANTMX | ||
| 0.47 | 1.0 | 0.88 | 0.94 | 0.74 | 0.75 | QUAIX | ||
| 0.47 | 1.0 | 0.88 | 0.95 | 0.74 | 0.75 | QUAZX | ||
| 0.61 | 0.88 | 0.88 | 0.86 | 0.86 | 0.81 | ARTSX | ||
| 0.57 | 0.94 | 0.95 | 0.86 | 0.77 | 0.8 | FCSGX | ||
| 0.82 | 0.74 | 0.74 | 0.86 | 0.77 | 0.86 | OWSMX | ||
| 0.85 | 0.75 | 0.75 | 0.81 | 0.8 | 0.86 | GSTOX | ||
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Risk-Adjusted Indicators
There is a big difference between Lazard Mutual Fund performing well and Lazard Equity 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 Equity'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ANTMX | 0.62 | 0.00 | 0.00 | (0.05) | 0.82 | 1.23 | 3.85 | |||
| QUAIX | 1.05 | (0.11) | 0.00 | (0.11) | 0.00 | 1.92 | 6.37 | |||
| QUAZX | 1.05 | (0.11) | 0.00 | (0.11) | 0.00 | 1.93 | 6.37 | |||
| ARTSX | 1.03 | (0.08) | 0.00 | (0.09) | 0.00 | 2.14 | 7.68 | |||
| FCSGX | 0.89 | (0.08) | 0.00 | (0.09) | 0.00 | 1.70 | 5.89 | |||
| OWSMX | 0.56 | (0.05) | 0.00 | (0.10) | 0.00 | 1.05 | 4.10 | |||
| GSTOX | 0.96 | (0.05) | 0.00 | 2.54 | 0.00 | 1.99 | 6.42 |