Lazard Strategic Correlations

LZUSX Fund

USD 16.26 0.24 1.50%

The current 90-days correlation between Lazard Strategic Equity and Lazard Global Listed is 0.36 (i.e., Weak diversification). The correlation of Lazard Strategic 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 Strategic Correlation With Market

Poor diversification

The correlation between Lazard Strategic Equity and DJI is 0.7 (i.e., Poor 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

0.95	LZCOX	Lazard Small Mid	Pair Corr
0.93	GESIX	Lazard Global Equity	Pair Corr
0.93	GESOX	Lazard Global Equity	Pair Corr
0.96	LZSCX	Lazard Small Mid	Pair Corr
1.0	LZUOX	Lazard Strategic Equity	Pair Corr
0.95	SUSTX	Lazard Sustainable Equity	Pair Corr
0.95	SUSLX	Lazard Sustainable Equity	Pair Corr
0.94	RUSRX	Lazard Systematic Small	Pair Corr
0.9	CONOX	Lazard Funds	Pair Corr
0.91	CONIX	Columbia Global Tech	Pair Corr

Moving against Lazard Mutual Fund

0.56	UMNIX	Lazard Short Duration	Pair Corr
0.55	UMNOX	Lazard Short Duration	Pair Corr
0.31	LZIEX	Lazard International	Pair Corr
0.31	LZIOX	Lazard International	Pair Corr
0.66	LEOIX	Lazard Enhanced Oppo	Pair Corr
0.66	LEOOX	Lazard Enhanced Oppo	Pair Corr
0.36	GLFOX	Lazard Global Listed	Pair Corr
0.36	GLIFX	Lazard Global Listed	Pair Corr
0.31	RLIEX	Lazard International	Pair Corr

Related Correlations Analysis

	GLFOX	GLIFX	EMBIX	ICMPX	EMBOX	EMMOX	EMMIX	GDMIX	GDMOX
GLFOX		1.0	0.0	0.7	0.0	0.0	0.0	0.0	0.0	GLFOX
GLIFX	1.0		0.0	0.69	0.0	0.0	0.0	0.0	0.0	GLIFX
EMBIX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	EMBIX
ICMPX	0.7	0.69	0.0		0.0	0.0	0.0	0.0	0.0	ICMPX
EMBOX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	EMBOX
EMMOX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	EMMOX
EMMIX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	EMMIX
GDMIX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	GDMIX
GDMOX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		GDMOX
	GLFOX	GLIFX	EMBIX	ICMPX	EMBOX	EMMOX	EMMIX	GDMIX	GDMOX

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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

GLIFX	+ 1.0	GLFOX
ICMPX	+ 0.7	GLFOX
ICMPX	+ 0.69	GLIFX
EMBIX	+ 0.0	GLFOX
EMBOX	+ 0.0	GLFOX
EMMOX	+ 0.0	GLFOX

High negative correlations

GDMOX	- 0.0	GDMIX
GDMOX	- 0.0	EMMIX
GDMIX	- 0.0	EMMIX
GDMOX	- 0.0	EMMOX
GDMIX	- 0.0	EMMOX
EMMIX	- 0.0	EMMOX

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GLFOX	0.46	0.05	0.16	0.20	0.40	(0.59)	0.95	(0.75)	2.45
GLIFX	0.46	0.05	0.16	0.20	0.40	(0.59)	0.95	(0.76)	2.45
EMBIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ICMPX	0.68	(0.01)	0.00	(0.06)	0.00	0.00	1.34	(1.65)	4.15
EMBOX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EMMOX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EMMIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GDMIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GDMOX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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