Lazard International Correlations

LZIOX Fund  USD 17.45  0.05  0.29%   
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

Weak diversification

The correlation between Lazard International Equity and DJI is 0.35 (i.e., 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

  0.94OCMPX Lazard InternationalPairCorr
  0.63LZFOX Lazard Equity FranchisePairCorr
  0.77LZEMX Lazard Emerging MarketsPairCorr
  0.86LZESX Lazard InternationalPairCorr
  0.63LZFIX Lazard Equity FranchisePairCorr
  0.76LZHYX Lazard Corporate IncomePairCorr
  1.0LZIEX Lazard InternationalPairCorr
  0.77LZHOX Lazard Corporate IncomePairCorr
  0.77LZISX Lazard InternationalPairCorr
  0.78LZOEX Lazard Emerging MarketsPairCorr
  0.86LZSIX Lazard InternationalPairCorr
  0.78LZSMX Lazard InternationalPairCorr
  0.72GESIX Lazard Global EquityPairCorr
  0.71GESOX Lazard Global EquityPairCorr
  0.73LISIX Lazard InternationalPairCorr
  0.73LISOX Lazard InternationalPairCorr
  0.71SUSTX Lazard Sustainable EquityPairCorr
  0.71SUSLX Lazard Sustainable EquityPairCorr
  0.85RALIX Lazard Real AssetsPairCorr
  0.85RALOX Lazard Real AssetsPairCorr
  0.85RALYX Lazard Real AssetsPairCorr
  0.94RCMPX Lazard InternationalPairCorr
  0.79ECEOX Lazard Emerging MarketsPairCorr
  0.79ECEIX Lazard Emerging MarketsPairCorr
  0.77READX Lazard Emerging MarketsPairCorr
  0.84GLFOX Lazard Global ListedPairCorr
  0.84GLIFX Lazard Global ListedPairCorr
  0.94ICMPX Lazard InternationalPairCorr
  0.99IEAIX Lazard InternationalPairCorr
  0.99IEAOX Lazard InternationalPairCorr

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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OIERXLZIEX
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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.