Lazard International Correlations

Mutual Funds . USA . 
Fund . Lazard International Small
LZSMX Fund  USD 8.31  0.06  0.73%   
The current 90-days correlation between Lazard International and Ssga International Stock is 0.87 (i.e., Very poor diversification). The correlation of Lazard International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Lazard International Correlation With Market

Very poor diversification

The correlation between Lazard International Small and NYA is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard International Small and NYA in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lazard International Small. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Lazard Mutual Fund

  0.71OCMPX Lazard InternationalPairCorr
  0.87LZCOX Lazard Small MidPairCorr
  0.68LZFOX Lazard Equity FranchisePairCorr
  0.71LZEMX Lazard Emerging MarketsPairCorr
  0.96LZESX Lazard InternationalPairCorr
  0.68LZFIX Lazard Equity FranchisePairCorr
  0.87LZHYX Lazard Corporate IncomePairCorr
  0.91LZIEX Lazard InternationalPairCorr
  0.91LZIOX Lazard InternationalPairCorr
  0.88LZHOX Lazard Corporate IncomePairCorr
  1.0LZISX Lazard InternationalPairCorr
  0.71LZOEX Lazard Emerging MarketsPairCorr
  0.96LZSIX Lazard InternationalPairCorr
  0.79GESIX Lazard Global EquityPairCorr
  0.79GESOX Lazard Global EquityPairCorr
  0.87LZSCX Lazard Small MidPairCorr
  0.88LZUOX Lazard Strategic EquityPairCorr
  0.88LZUSX Lazard Strategic EquityPairCorr
  0.82LISIX Lazard InternationalPairCorr
  0.92LISOX Lazard InternationalPairCorr
  0.89SUSTX Lazard Sustainable EquityPairCorr
  0.78SUSLX Lazard Sustainable EquityPairCorr
  0.67UMNIX Lazard Short DurationPairCorr
  0.68UMNOX Lazard Short DurationPairCorr
  0.73RALIX Lazard Real AssetsPairCorr
  0.82RALOX Lazard Real AssetsPairCorr
  0.82RALYX Lazard Real AssetsPairCorr
  0.75ECEOX Lazard Emerging MarketsPairCorr
  0.68ECEIX Lazard Emerging MarketsPairCorr
  0.73GLFOX Lazard Global Listed Potential GrowthPairCorr
  0.74GLIFX Lazard Global ListedPairCorr
  0.84ICMPX Lazard InternationalPairCorr
  0.74IEAIX Lazard InternationalPairCorr
  0.74IEAOX Lazard InternationalPairCorr
  0.81MEVOX Lazard Managed EquityPairCorr
  0.81MEVIX Lazard Managed EquityPairCorr

Moving against Lazard Mutual Fund

  0.64LSTIX Lazard Global StrategicPairCorr
  0.64LSTOX Lazard Global StrategicPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Lazard Mutual Fund performing well and Lazard International Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Lazard International's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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