Lazard Enhanced Opportunities Fund Market Value
| LEOIX Fund | USD 8.73 0.01 0.11% |
| Symbol | LAZARD |
Lazard Enhanced 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Lazard Enhanced's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Lazard Enhanced.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Lazard Enhanced on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Lazard Enhanced Opportunities or generate 0.0% return on investment in Lazard Enhanced over 30 days. Lazard Enhanced is related to or competes with Limited Term, Astor Long/short, Jhancock Short, Touchstone Ultra, Locorr Longshort, Goldman Sachs, and Calvert Short. The fund seeks to achieve its investment objective over a full market cycle through a hedged strategy investing primaril... More
Lazard Enhanced Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Lazard Enhanced's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Lazard Enhanced Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1422 | |||
| Information Ratio | (0.71) | |||
| Maximum Drawdown | 0.5825 | |||
| Value At Risk | (0.12) | |||
| Potential Upside | 0.2315 |
Lazard Enhanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lazard Enhanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lazard Enhanced's standard deviation. In reality, there are many statistical measures that can use Lazard Enhanced historical prices to predict the future Lazard Enhanced's volatility.| Risk Adjusted Performance | 0.2361 | |||
| Jensen Alpha | 0.0299 | |||
| Total Risk Alpha | 0.0166 | |||
| Sortino Ratio | (0.51) | |||
| Treynor Ratio | 5.17 |
Lazard Enhanced Oppo Backtested Returns
At this stage we consider LAZARD Mutual Fund to be very steady. Lazard Enhanced Oppo has Sharpe Ratio of 0.36, which conveys that the entity had a 0.36% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Lazard Enhanced, which you can use to evaluate the volatility of the fund. Please verify Lazard Enhanced's Coefficient Of Variation of 254.15, mean deviation of 0.0831, and Risk Adjusted Performance of 0.2361 to check out if the risk estimate we provide is consistent with the expected return of 0.0363%. The fund secures a Beta (Market Risk) of 0.0059, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Lazard Enhanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lazard Enhanced is expected to be smaller as well.
Auto-correlation | 0.98 |
Excellent predictability
Lazard Enhanced Opportunities has excellent predictability. Overlapping area represents the amount of predictability between Lazard Enhanced time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Lazard Enhanced Oppo price movement. The serial correlation of 0.98 indicates that 98.0% of current Lazard Enhanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.98 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Lazard Enhanced Oppo lagged returns against current returns
Autocorrelation, which is Lazard Enhanced mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Lazard Enhanced's mutual fund expected returns. We can calculate the autocorrelation of Lazard Enhanced returns to help us make a trade decision. For example, suppose you find that Lazard Enhanced has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Lazard Enhanced regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Lazard Enhanced mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lazard Enhanced mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lazard Enhanced mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Lazard Enhanced Lagged Returns
When evaluating Lazard Enhanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lazard Enhanced mutual fund have on its future price. Lazard Enhanced autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Lazard Enhanced autocorrelation shows the relationship between Lazard Enhanced mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Lazard Enhanced Opportunities.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in LAZARD Mutual Fund
Lazard Enhanced financial ratios help investors to determine whether LAZARD Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in LAZARD with respect to the benefits of owning Lazard Enhanced security.
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