Lazard Strategic Equity Fund Market Value

RLUSX Fund  USD 18.15  0.04  0.22%   
Lazard Us' market value is the price at which a share of Lazard Us trades on a public exchange. It measures the collective expectations of Lazard Strategic Equity investors about its performance. Lazard Us is trading at 18.15 as of the 5th of December 2024; that is 0.22 percent up since the beginning of the trading day. The fund's open price was 18.11.
With this module, you can estimate the performance of a buy and hold strategy of Lazard Strategic Equity and determine expected loss or profit from investing in Lazard Us over a given investment horizon. Check out Lazard Us Correlation, Lazard Us Volatility and Lazard Us Alpha and Beta module to complement your research on Lazard Us.
Symbol

Please note, there is a significant difference between Lazard Us' value and its price as these two are different measures arrived at by different means. Investors typically determine if Lazard Us is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lazard Us' 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 Us '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 Us' 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 Us.
0.00
12/16/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
12/05/2024
0.00
If you would invest  0.00  in Lazard Us on December 16, 2022 and sell it all today you would earn a total of 0.00 from holding Lazard Strategic Equity or generate 0.0% return on investment in Lazard Us over 720 days. Lazard Us is related to or competes with Mfs Technology, Allianzgi Technology, Technology Ultrasector, Columbia Global, Dreyfus Technology, and Global Technology. Under normal circumstances, the Portfolio invests at least 80 percent of its assets in equity securities of U.S More

Lazard Us 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 Us' 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 Strategic Equity upside and downside potential and time the market with a certain degree of confidence.

Lazard Us Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Lazard Us' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lazard Us' standard deviation. In reality, there are many statistical measures that can use Lazard Us historical prices to predict the future Lazard Us' volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Lazard Us' 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
17.3918.1518.91
Details
Intrinsic
Valuation
LowRealHigh
15.7416.5019.97
Details
Naive
Forecast
LowNextHigh
17.4818.2418.99
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
17.7717.9518.14
Details

Lazard Strategic Equity Backtested Returns

At this stage we consider Lazard Mutual Fund to be very steady. Lazard Strategic Equity has Sharpe Ratio of 0.16, which conveys that the entity had a 0.16% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Lazard Us, which you can use to evaluate the volatility of the fund. Please verify Lazard Us' Downside Deviation of 0.8435, risk adjusted performance of 0.0718, and Mean Deviation of 0.557 to check out if the risk estimate we provide is consistent with the expected return of 0.12%. The fund secures a Beta (Market Risk) of -0.0687, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Lazard Us are expected to decrease at a much lower rate. During the bear market, Lazard Us is likely to outperform the market.

Auto-correlation

    
  0.72  

Good predictability

Lazard Strategic Equity has good predictability. Overlapping area represents the amount of predictability between Lazard Us 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 Strategic Equity price movement. The serial correlation of 0.72 indicates that around 72.0% of current Lazard Us price fluctuation can be explain by its past prices.
Correlation Coefficient0.72
Spearman Rank Test0.73
Residual Average0.0
Price Variance0.64

Lazard Strategic Equity lagged returns against current returns

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

Lazard Us Lagged Returns

When evaluating Lazard Us' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lazard Us mutual fund have on its future price. Lazard Us 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 Us autocorrelation shows the relationship between Lazard Us mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Lazard Strategic Equity.
   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 Us 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 Us security.
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk