Lazard International Quality Fund Market Value

OCMPX Fund  USD 16.97  0.10  0.59%   
Lazard International's market value is the price at which a share of Lazard International trades on a public exchange. It measures the collective expectations of Lazard International Quality investors about its performance. Lazard International is trading at 16.97 as of the 5th of December 2024; that is 0.59 percent up since the beginning of the trading day. The fund's open price was 16.87.
With this module, you can estimate the performance of a buy and hold strategy of Lazard International Quality and determine expected loss or profit from investing in Lazard International over a given investment horizon. Check out Lazard International Correlation, Lazard International Volatility and Lazard International Alpha and Beta module to complement your research on Lazard International.
Symbol

Please note, there is a significant difference between Lazard International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lazard International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lazard International'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 International '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 International'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 International.
0.00
11/05/2024
No Change 0.00  0.0 
In 31 days
12/05/2024
0.00
If you would invest  0.00  in Lazard International on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Lazard International Quality or generate 0.0% return on investment in Lazard International over 30 days. Lazard International is related to or competes with Lazard Global, Artisan Developing, and Wcm Focused. The Portfolio invests primarily in equity securities of non-U.S More

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

Lazard International Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Lazard International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lazard International's standard deviation. In reality, there are many statistical measures that can use Lazard International historical prices to predict the future Lazard International's volatility.
Hype
Prediction
LowEstimatedHigh
16.1416.9717.80
Details
Intrinsic
Valuation
LowRealHigh
16.1316.9617.79
Details

Lazard International Backtested Returns

At this stage we consider Lazard Mutual Fund to be very steady. Lazard International has Sharpe Ratio of 0.0706, which conveys that the entity had a 0.0706% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Lazard International, which you can use to evaluate the volatility of the fund. Please verify Lazard International's Risk Adjusted Performance of 0.0218, downside deviation of 0.7902, and Mean Deviation of 0.6688 to check out if the risk estimate we provide is consistent with the expected return of 0.0576%. The fund secures a Beta (Market Risk) of 0.47, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Lazard International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lazard International is expected to be smaller as well.

Auto-correlation

    
  -0.87  

Excellent reverse predictability

Lazard International Quality has excellent reverse predictability. Overlapping area represents the amount of predictability between Lazard International time series from 5th of November 2024 to 20th of November 2024 and 20th of November 2024 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 International price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current Lazard International price fluctuation can be explain by its past prices.
Correlation Coefficient-0.87
Spearman Rank Test-0.91
Residual Average0.0
Price Variance0.05

Lazard International lagged returns against current returns

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

Lazard International Lagged Returns

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

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Other Information on Investing in Lazard Mutual Fund

Lazard International 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 International security.
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