Lazard International Correlations

LZIOX Fund  USD 17.73  0.20  1.12%   
The current 90-days correlation between Lazard International and Lazard International Equity is 1.0 (i.e., No risk reduction). 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 weak diversification

The correlation between Lazard International Equity and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard International Equity 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 Equity. 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 persons.

Moving together with Lazard Mutual Fund

  0.71OCMPX Lazard InternationalPairCorr
  0.78LZFOX Lazard Equity FranchisePairCorr
  0.91LZEMX Lazard Emerging MarketsPairCorr
  0.96LZESX Lazard InternationalPairCorr
  0.79LZFIX Lazard Equity FranchisePairCorr
  0.83LZHYX Lazard Corporate IncomePairCorr
  1.0LZIEX Lazard InternationalPairCorr
  0.82LZHOX Lazard Corporate IncomePairCorr
  0.94LZISX Lazard InternationalPairCorr
  0.92LZOEX Lazard Emerging MarketsPairCorr
  0.96LZSIX Lazard InternationalPairCorr
  0.94LZSMX Lazard InternationalPairCorr
  0.82LISIX Lazard InternationalPairCorr
  0.69LISOX Lazard InternationalPairCorr
  0.89UMNIX Lazard Short DurationPairCorr
  0.89UMNOX Lazard Short DurationPairCorr
  0.91RALIX Lazard Real AssetsPairCorr
  0.91RALOX Lazard Real AssetsPairCorr
  0.91RALYX Lazard Real AssetsPairCorr
  0.71RCMPX Lazard InternationalPairCorr
  0.84ECEOX Lazard Emerging MarketsPairCorr
  0.84ECEIX Lazard Emerging MarketsPairCorr
  0.87READX Lazard Emerging MarketsPairCorr
  0.93GLFOX Lazard Global ListedPairCorr
  0.93GLIFX Lazard Global ListedPairCorr
  0.7ICMPX Lazard InternationalPairCorr
  0.99IEAIX Lazard InternationalPairCorr
  0.99IEAOX Lazard InternationalPairCorr

Moving against Lazard Mutual Fund

  0.6RUSRX Lazard Systematic SmallPairCorr
  0.51LZSCX Lazard Small MidPairCorr
  0.5LZCOX Lazard Small MidPairCorr
  0.35LZUOX Lazard Strategic EquityPairCorr
  0.35LZUSX Lazard Strategic EquityPairCorr
  0.59LUSIX Lazard FundsPairCorr
  0.59LUSOX Lazard FundsPairCorr
  0.51RLSMX Lazard Small MidPairCorr
  0.51LEVOX Lazard Equity CentratedPairCorr
  0.5RLUEX Lazard Equity ConcenPairCorr
  0.5LEVIX Lazard Equity CentratedPairCorr
  0.45CONOX Lazard FundsPairCorr
  0.44CONIX Columbia Global TechPairCorr
  0.35RLUSX Lazard Strategic EquityPairCorr

Related Correlations Analysis

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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   
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LZSMXLZIEX
LZSMXFSTKX
OIERXLZSMX
OIERXLZIEX
FSTKXLZIEX
  
High negative correlations   
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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.