Lazard Strategic Equity Fund Market Value
RLUSX Fund | USD 18.11 0.03 0.17% |
Symbol | Lazard |
Lazard Strategic '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 Strategic'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 Strategic.
11/05/2024 |
| 12/05/2024 |
If you would invest 0.00 in Lazard Strategic on November 5, 2024 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 Strategic over 30 days. Lazard Strategic is related to or competes with Aig Government, and Financial Industries. Under normal circumstances, the Portfolio invests at least 80 percent of its assets in equity securities of U.S More
Lazard Strategic 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 Strategic'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 Strategic Equity upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.8282 | |||
Information Ratio | (0.12) | |||
Maximum Drawdown | 4.59 | |||
Value At Risk | (1.51) | |||
Potential Upside | 1.1 |
Lazard Strategic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lazard Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lazard Strategic's standard deviation. In reality, there are many statistical measures that can use Lazard Strategic historical prices to predict the future Lazard Strategic's volatility.Risk Adjusted Performance | 0.053 | |||
Jensen Alpha | 0.0497 | |||
Total Risk Alpha | (0.1) | |||
Sortino Ratio | (0.11) | |||
Treynor Ratio | (1.26) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Lazard Strategic'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.
Lazard Strategic Equity Backtested Returns
At this stage we consider Lazard Mutual Fund to be out of control. Lazard Strategic Equity has Sharpe Ratio of 0.15, which conveys that the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Lazard Strategic, which you can use to evaluate the volatility of the fund. Please verify Lazard Strategic's Risk Adjusted Performance of 0.053, downside deviation of 0.8282, and Mean Deviation of 0.5483 to check out if the risk estimate we provide is consistent with the expected return of 0.11%. The fund secures a Beta (Market Risk) of -0.0355, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Lazard Strategic are expected to decrease at a much lower rate. During the bear market, Lazard Strategic is likely to outperform the market.
Auto-correlation | 0.03 |
Virtually no predictability
Lazard Strategic Equity has virtually no predictability. Overlapping area represents the amount of predictability between Lazard Strategic 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 Strategic Equity price movement. The serial correlation of 0.03 indicates that only 3.0% of current Lazard Strategic price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.03 | |
Spearman Rank Test | -0.24 | |
Residual Average | 0.0 | |
Price Variance | 0.03 |
Lazard Strategic Equity lagged returns against current returns
Autocorrelation, which is Lazard Strategic 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 Strategic's mutual fund expected returns. We can calculate the autocorrelation of Lazard Strategic returns to help us make a trade decision. For example, suppose you find that Lazard Strategic 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 Strategic 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 Strategic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lazard Strategic 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 Strategic mutual fund over time.
Current vs Lagged Prices |
Timeline |
Lazard Strategic Lagged Returns
When evaluating Lazard Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lazard Strategic mutual fund have on its future price. Lazard Strategic 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 Strategic autocorrelation shows the relationship between Lazard Strategic 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 |
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Other Information on Investing in Lazard Mutual Fund
Lazard Strategic 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 Strategic security.
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