Lazard Us Correlations

LZUSX Fund

USD 16.72 0.23 1.39%

The current 90-days correlation between Lazard Strategic Equity and Alliancebernstein Global Highome is 0.29 (i.e., Modest 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

Very weak diversification

The correlation between Lazard Strategic Equity and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard Strategic 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 Strategic 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 state.

Moving together with Lazard Mutual Fund

0.96	LZCOX	Lazard Small Mid	Pair Corr
0.92	LZFOX	Lazard Equity Franchise	Pair Corr
0.92	LZFIX	Lazard Equity Franchise	Pair Corr
0.97	GESIX	Lazard Global Equity	Pair Corr
0.97	GESOX	Lazard Global Equity	Pair Corr
0.96	LZSCX	Lazard Small Mid	Pair Corr
1.0	LZUOX	Lazard Strategic Equity	Pair Corr
0.93	LISIX	Lazard International	Pair Corr
0.93	LISOX	Lazard International	Pair Corr
0.93	SUSTX	Lazard Sustainable Equity	Pair Corr
0.94	SUSLX	Lazard Sustainable Equity	Pair Corr
0.95	RUSRX	Lazard Systematic Small	Pair Corr
0.86	CONOX	Lazard Funds	Pair Corr
0.85	CONIX	Columbia Global Tech	Pair Corr

Moving against Lazard Mutual Fund

0.38	LEOIX	Lazard Enhanced Oppo	Pair Corr
0.38	LEOOX	Lazard Enhanced Oppo	Pair Corr

Related Correlations Analysis

	XAWFX	DHGCX	DBLGX	MGGNX	NGJCX	MSTGX
XAWFX		0.83	0.88	0.75	0.82	0.65	XAWFX
DHGCX	0.83		0.94	0.9	0.69	0.74	DHGCX
DBLGX	0.88	0.94		0.92	0.84	0.72	DBLGX
MGGNX	0.75	0.9	0.92		0.75	0.5	MGGNX
NGJCX	0.82	0.69	0.84	0.75		0.57	NGJCX
MSTGX	0.65	0.74	0.72	0.5	0.57		MSTGX
	XAWFX	DHGCX	DBLGX	MGGNX	NGJCX	MSTGX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
XAWFX	0.13	0.00	0.06	(0.10)	0.21	(0.14)	0.26	(0.44)	1.15
DHGCX	0.17	0.02	0.19	0.24	0.03	(0.24)	0.37	(0.36)	1.10
DBLGX	0.25	0.01	0.11	0.09	0.20	(0.36)	0.62	(0.36)	1.45
MGGNX	0.19	0.01	0.13	0.14	0.13	(0.27)	0.35	(0.35)	1.05
NGJCX	0.66	(0.02)	0.00	(0.06)	0.00	0.00	1.16	(1.40)	4.30
MSTGX	0.26	0.04	0.12	0.13	0.28	(0.31)	0.64	(0.42)	1.93

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC