Lazard Us Correlations

LZHYX Fund  USD 18.22  0.01  0.05%   
The current 90-days correlation between Lazard Corporate Income and Qs Defensive Growth is 0.48 (i.e., Very weak diversification). The correlation of Lazard Us 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 Us Correlation With Market

Significant diversification

The correlation between Lazard Corporate Income and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard Corporate Income 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 Corporate Income. 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 manufacturing.

Moving together with Lazard Mutual Fund

  0.92LZHOX Lazard Corporate IncomePairCorr
  0.63GESIX Lazard Global EquityPairCorr
  0.63GESOX Lazard Global EquityPairCorr
  0.61SUSTX Lazard Sustainable EquityPairCorr
  0.67SUSLX Lazard Sustainable EquityPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Lazard Mutual Fund performing well and Lazard Us 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 Us' 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.