Lazard Corporate Income Fund Market Value

LZHYX Fund  USD 18.22  0.01  0.05%   
Lazard Corporate's market value is the price at which a share of Lazard Corporate trades on a public exchange. It measures the collective expectations of Lazard Corporate Income investors about its performance. Lazard Corporate is trading at 18.22 as of the 5th of December 2024; that is 0.05 percent up since the beginning of the trading day. The fund's open price was 18.21.
With this module, you can estimate the performance of a buy and hold strategy of Lazard Corporate Income and determine expected loss or profit from investing in Lazard Corporate over a given investment horizon. Check out Lazard Corporate Correlation, Lazard Corporate Volatility and Lazard Corporate Alpha and Beta module to complement your research on Lazard Corporate.
Symbol

Please note, there is a significant difference between Lazard Corporate's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lazard Corporate is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lazard Corporate's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Lazard Corporate '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 Corporate'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 Corporate.
0.00
12/16/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/05/2024
0.00
If you would invest  0.00  in Lazard Corporate on December 16, 2022 and sell it all today you would earn a total of 0.00 from holding Lazard Corporate Income or generate 0.0% return on investment in Lazard Corporate over 720 days. Lazard Corporate is related to or competes with Lazard Global, Lazard Global, Lazard International, Lazard Small, Lazard Equity, Lazard Emerging, and Lazard International. Under normal circumstances, the Portfolio invests at least 80 percent of its assets in high yeild fixed-income securitie... More

Lazard Corporate 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 Corporate'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 Corporate Income upside and downside potential and time the market with a certain degree of confidence.

Lazard Corporate Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Lazard Corporate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lazard Corporate's standard deviation. In reality, there are many statistical measures that can use Lazard Corporate historical prices to predict the future Lazard Corporate's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Lazard Corporate's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
18.0518.2218.39
Details
Intrinsic
Valuation
LowRealHigh
16.5616.7320.04
Details

Lazard Corporate Income Backtested Returns

At this stage we consider Lazard Mutual Fund to be very steady. Lazard Corporate Income has Sharpe Ratio of 0.14, which conveys that the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Lazard Corporate, which you can use to evaluate the volatility of the fund. Please verify Lazard Corporate's Mean Deviation of 0.1252, coefficient of variation of 619.08, and Risk Adjusted Performance of 0.0851 to check out if the risk estimate we provide is consistent with the expected return of 0.0235%. The fund secures a Beta (Market Risk) of 0.0811, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Lazard Corporate's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lazard Corporate is expected to be smaller as well.

Auto-correlation

    
  0.48  

Average predictability

Lazard Corporate Income has average predictability. Overlapping area represents the amount of predictability between Lazard Corporate time series from 16th of December 2022 to 11th of December 2023 and 11th of December 2023 to 5th 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 Corporate Income price movement. The serial correlation of 0.48 indicates that about 48.0% of current Lazard Corporate price fluctuation can be explain by its past prices.
Correlation Coefficient0.48
Spearman Rank Test0.46
Residual Average0.0
Price Variance0.18

Lazard Corporate Income lagged returns against current returns

Autocorrelation, which is Lazard Corporate 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 Corporate's mutual fund expected returns. We can calculate the autocorrelation of Lazard Corporate returns to help us make a trade decision. For example, suppose you find that Lazard Corporate 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 Corporate 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 Corporate mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lazard Corporate 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 Corporate mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Lazard Corporate Lagged Returns

When evaluating Lazard Corporate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lazard Corporate mutual fund have on its future price. Lazard Corporate 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 Corporate autocorrelation shows the relationship between Lazard Corporate mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Lazard Corporate Income.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Lazard Mutual Fund

Lazard Corporate 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 Corporate security.
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