Lazard Equity Centrated Fund Market Value
| LEVOX Fund | USD 8.47 0.04 0.47% |
| Symbol | Lazard |
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.
| 02/19/2024 |
| 04/19/2024 |
If you would invest 0.00 in Lazard Us on February 19, 2024 and sell it all today you would earn a total of 0.00 from holding Lazard Equity Centrated or generate 0.0% return on investment in Lazard Us over 60 days. Lazard Us is related to or competes with Siit Dynamic, Fidelity Advisor, Siit Large, and Columbia Large. The Portfolio invests primarily in equity securities, principally common stocks, 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 Equity Centrated upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 3.08 | |||
| Value At Risk | (1.26) | |||
| Potential Upside | 0.907 |
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.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.02) |
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.
Lazard Equity Centrated Backtested Returns
Lazard Equity Centrated has Sharpe Ratio of -0.0547, which conveys that the entity had a -0.0547% return per unit of risk over the last 3 months. Lazard Us exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lazard Us' Mean Deviation of 0.5743, risk adjusted performance of (0.01), and Standard Deviation of 0.7012 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.99, which conveys possible diversification benefits within a given portfolio. Lazard Us returns are very sensitive to returns on the market. As the market goes up or down, Lazard Us is expected to follow.
Auto-correlation | -0.66 |
Very good reverse predictability
Lazard Equity Centrated has very good reverse predictability. Overlapping area represents the amount of predictability between Lazard Us time series from 19th of February 2024 to 20th of March 2024 and 20th of March 2024 to 19th of April 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 Equity Centrated price movement. The serial correlation of -0.66 indicates that around 66.0% of current Lazard Us price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Lazard Equity Centrated 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 Equity Centrated.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Lazard Us in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Lazard Us' short interest history, or implied volatility extrapolated from Lazard Us options trading.
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Lazard Us technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.