| OCMPX Fund | | | USD 16.48 0.03 0.18% |
The current 90-days correlation between Lazard International and Lazard Global Listed is 0.38 (i.e., Weak diversification). 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 Quality and DJI is 0.54 (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 Quality and DJI in the same portfolio, assuming nothing else is changed.
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Your Equity Center to better understand how to build diversified portfolios, which includes a position in Lazard International Quality. 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 american community survey.