Lazard International Strategic Fund Market Value
RLITX Fund | USD 16.41 0.06 0.37% |
Symbol | Lazard |
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.
06/07/2022 |
| 03/28/2024 |
If you would invest 0.00 in Lazard International on June 7, 2022 and sell it all today you would earn a total of 0.00 from holding Lazard International Strategic or generate 0.0% return on investment in Lazard International over 660 days. Lazard International is related to or competes with Lazard Global, Lazard Global, Lazard International, Lazard Global, Lazard Global, Lazard International, and Lazard Us. The fund invests primarily in equity securities, principally common stocks, 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 Strategic upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.732 | |||
Information Ratio | (0.04) | |||
Maximum Drawdown | 2.63 | |||
Value At Risk | (1.18) | |||
Potential Upside | 1.08 |
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.Risk Adjusted Performance | 0.0879 | |||
Jensen Alpha | (0.02) | |||
Total Risk Alpha | (0.06) | |||
Sortino Ratio | (0.04) | |||
Treynor Ratio | 0.0986 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Lazard International'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 International Backtested Returns
We consider Lazard International very steady. Lazard International has Sharpe Ratio of 0.14, which conveys that the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Lazard International, which you can use to evaluate the volatility of the fund. Please verify Lazard International's Mean Deviation of 0.5129, downside deviation of 0.732, and Risk Adjusted Performance of 0.0879 to check out if the risk estimate we provide is consistent with the expected return of 0.097%. The fund secures a Beta (Market Risk) of 0.96, which conveys possible diversification benefits within a given portfolio. Lazard International returns are very sensitive to returns on the market. As the market goes up or down, Lazard International is expected to follow.
Auto-correlation | 0.58 |
Modest predictability
Lazard International Strategic has modest predictability. Overlapping area represents the amount of predictability between Lazard International time series from 7th of June 2022 to 3rd of May 2023 and 3rd of May 2023 to 28th of March 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 0.58 indicates that roughly 58.0% of current Lazard International price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.58 | |
Spearman Rank Test | 0.58 | |
Residual Average | 0.0 | |
Price Variance | 0.49 |
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 Strategic.
Regressed Prices |
Timeline |
Currently Active Assets on Macroaxis
Check out Lazard International Correlation, Lazard International Volatility and Lazard International Alpha and Beta module to complement your research on Lazard International. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for Lazard Mutual Fund analysis
When running Lazard International's price analysis, check to measure Lazard International's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Lazard International is operating at the current time. Most of Lazard International's value examination focuses on studying past and present price action to predict the probability of Lazard International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lazard International's price. Additionally, you may evaluate how the addition of Lazard International to your portfolios can decrease your overall portfolio volatility.
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