Lazard Us Correlations

LZHYX Fund  USD 18.21  0.02  0.11%   
The current 90-days correlation between Lazard Corporate Income and Putnam Convertible Incm Gwth is 0.44 (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

Weak diversification

The correlation between Lazard Corporate Income 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 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

  0.65LZCOX Lazard Small MidPairCorr
  1.0LZHOX Lazard Corporate IncomePairCorr
  0.69GESOX Lazard Global EquityPairCorr
  0.65LZSCX Lazard Small MidPairCorr
  0.61LZUOX Lazard Strategic EquityPairCorr
  0.69SUSTX Lazard Sustainable EquityPairCorr
  0.69SUSLX Lazard Sustainable EquityPairCorr
  0.63RUSRX Lazard Systematic SmallPairCorr

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.