Lazard Sustainable Correlations

SUSTX Fund

USD 15.41 0.02 0.13%

The current 90-days correlation between Lazard Sustainable Equity and Vy Goldman Sachs is 0.25 (i.e., Modest diversification). The correlation of Lazard Sustainable 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 Sustainable Correlation With Market

Average diversification

The correlation between Lazard Sustainable Equity and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard Sustainable Equity and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Lazard Sustainable 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 estimate.

Moving together with Lazard Mutual Fund

0.9	LZCOX	Lazard Small Mid	Pair Corr
0.68	LZHOX	Lazard Corporate Income	Pair Corr
0.64	GESIX	Lazard Global Equity	Pair Corr
0.75	GESOX	Lazard Global Equity	Pair Corr
0.68	LZSCX	Lazard Small Mid	Pair Corr
0.67	LZUOX	Lazard Strategic Equity	Pair Corr
0.67	LZUSX	Lazard Strategic Equity	Pair Corr
0.89	SUSLX	Lazard Sustainable Equity	Pair Corr
0.67	RUSRX	Lazard Systematic Small	Pair Corr
0.62	CONOX	Lazard Funds	Pair Corr
0.82	CONIX	Columbia Global Tech	Pair Corr

Moving against Lazard Mutual Fund

0.31

LZSMX

Lazard International

Pair Corr

Related Correlations Analysis

	VGSBX	SGDLX	IOGYX	MXKJX	SPPIX	UIPMX	XGGNX
VGSBX		-0.01	-0.03	-0.49	-0.27	0.11	0.02	VGSBX
SGDLX	-0.01		0.98	-0.26	-0.92	0.9	0.8	SGDLX
IOGYX	-0.03	0.98		-0.23	-0.9	0.9	0.85	IOGYX
MXKJX	-0.49	-0.26	-0.23		0.53	-0.43	-0.3	MXKJX
SPPIX	-0.27	-0.92	-0.9	0.53		-0.9	-0.79	SPPIX
UIPMX	0.11	0.9	0.9	-0.43	-0.9		0.9	UIPMX
XGGNX	0.02	0.8	0.85	-0.3	-0.79	0.9		XGGNX
	VGSBX	SGDLX	IOGYX	MXKJX	SPPIX	UIPMX	XGGNX

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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

IOGYX	+ 0.98	SGDLX
UIPMX	+ 0.9	SGDLX
UIPMX	+ 0.9	IOGYX
XGGNX	+ 0.9	UIPMX
XGGNX	+ 0.85	IOGYX
XGGNX	+ 0.8	SGDLX

High negative correlations

SPPIX	- 0.92	SGDLX
UIPMX	- 0.9	SPPIX
SPPIX	- 0.9	IOGYX
XGGNX	- 0.79	SPPIX
MXKJX	- 0.49	VGSBX
UIPMX	- 0.43	MXKJX

Risk-Adjusted Indicators

There is a big difference between Lazard Mutual Fund performing well and Lazard Sustainable 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 Sustainable'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
VGSBX	0.26	(0.05)	0.00	1.13	0.00	0.00	0.43	(0.64)	1.49
SGDLX	1.33	0.17	0.03	(1.01)	1.47	(1.45)	2.78	(2.56)	9.03
IOGYX	1.41	0.18	0.05	2.36	1.43	(1.60)	2.72	(2.31)	8.64
MXKJX	0.55	0.09	(0.02)	0.85	0.41	(0.72)	1.26	(0.83)	3.51
SPPIX	1.40	(0.07)	0.00	(0.33)	0.00	0.00	3.14	(3.29)	10.50
UIPMX	1.33	0.02	(0.03)	0.16	1.74	(1.39)	2.60	(2.71)	9.86
XGGNX	0.54	0.00	(0.11)	0.13	0.60	(0.68)	1.21	(1.19)	3.86

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