Lazard Us Correlations

RUSRX Fund

10.61 0.23 2.22%

The current 90-days correlation between Lazard Systematic Small and Gabelli Convertible And is 0.32 (i.e., Weak 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

Poor diversification

The correlation between Lazard Systematic Small and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard Systematic Small and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Lazard Systematic Small. 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 metropolitan statistical area.

Moving together with Lazard Mutual Fund

0.94	LZCOX	Lazard Small Mid	Pair Corr
0.76	GESIX	Lazard Global Equity	Pair Corr
0.77	GESOX	Lazard Global Equity	Pair Corr
0.96	LZSCX	Lazard Small Mid	Pair Corr
0.94	LZUOX	Lazard Strategic Equity	Pair Corr
0.94	LZUSX	Lazard Strategic Equity	Pair Corr
0.89	SUSTX	Lazard Sustainable Equity	Pair Corr
0.9	SUSLX	Lazard Sustainable Equity	Pair Corr
0.96	CONOX	Lazard Funds	Pair Corr
0.93	CONIX	Columbia Global Tech	Pair Corr

Moving against Lazard Mutual Fund

0.75	UMNIX	Lazard Short Duration	Pair Corr
0.72	UMNOX	Lazard Short Duration	Pair Corr
0.57	LZIEX	Lazard International	Pair Corr
0.57	LZIOX	Lazard International	Pair Corr
0.48	LZESX	Lazard International	Pair Corr
0.46	RALIX	Lazard Real Assets	Pair Corr
0.46	RALOX	Lazard Real Assets	Pair Corr
0.46	RALYX	Lazard Real Assets	Pair Corr
0.45	LZISX	Lazard International	Pair Corr
0.45	LZSMX	Lazard International	Pair Corr
0.44	LZEMX	Lazard Emerging Markets	Pair Corr
0.44	LZSIX	Lazard International	Pair Corr
0.43	LZOEX	Lazard Emerging Markets	Pair Corr
0.34	LZHYX	Lazard Corporate Income	Pair Corr
0.33	LZHOX	Lazard Corporate Income	Pair Corr
0.82	LEOIX	Lazard Enhanced Oppo	Pair Corr
0.82	LEOOX	Lazard Enhanced Oppo	Pair Corr
0.57	GLIFX	Lazard Global Listed	Pair Corr
0.57	RLIEX	Lazard International	Pair Corr
0.56	GLFOX	Lazard Global Listed	Pair Corr
0.54	IEAIX	Lazard International	Pair Corr
0.54	IEAOX	Lazard International	Pair Corr
0.44	RLEMX	Lazard Emerging Markets	Pair Corr
0.4	READX	Lazard Emerging Markets	Pair Corr
0.4	LEAIX	Lazard Emerging Markets	Pair Corr

Related Correlations Analysis

	GCV	PCNTX	XAVKX	FSAWX	LCFYX	VAADX
GCV		0.34	0.39	0.26	0.64	0.34	GCV
PCNTX	0.34		0.95	-0.65	0.84	1.0	PCNTX
XAVKX	0.39	0.95		-0.49	0.84	0.95	XAVKX
FSAWX	0.26	-0.65	-0.49		-0.27	-0.64	FSAWX
LCFYX	0.64	0.84	0.84	-0.27		0.84	LCFYX
VAADX	0.34	1.0	0.95	-0.64	0.84		VAADX
	GCV	PCNTX	XAVKX	FSAWX	LCFYX	VAADX

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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

VAADX	+ 1.0	PCNTX
XAVKX	+ 0.95	PCNTX
VAADX	+ 0.95	XAVKX
LCFYX	+ 0.84	PCNTX
LCFYX	+ 0.84	XAVKX
VAADX	+ 0.84	LCFYX

High negative correlations

FSAWX	- 0.65	PCNTX
VAADX	- 0.64	FSAWX
FSAWX	- 0.49	XAVKX
LCFYX	- 0.27	FSAWX

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
GCV	0.91	0.03	0.04	0.03	1.20	(0.99)	2.17	(2.14)	6.16
PCNTX	0.64	(0.10)	0.00	1.59	0.00	0.00	1.07	(1.68)	3.46
XAVKX	0.53	(0.07)	0.00	0.77	0.00	0.00	0.90	(1.14)	2.56
FSAWX	0.08	0.04	0.78	(1.52)	0.00	(0.14)	0.19	(0.10)	0.38
LCFYX	0.66	(0.02)	0.00	(0.07)	0.00	0.00	1.12	(1.42)	3.20
VAADX	0.67	(0.11)	0.00	2.13	0.00	0.00	1.13	(1.60)	3.27

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