Lazard International Correlations

Mutual Funds . USA . 
Fund . Lazard International Equity
IEAIX Fund  USD 12.67  0.10  0.80%   
The current 90-days correlation between Lazard International and California High Yield Municipal is 0.03 (i.e., Significant 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 weak diversification

The correlation between Lazard International Equity and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard International Equity and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Lazard International Equity. 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 gross domestic product.

Moving together with Lazard Mutual Fund

  0.94OCMPX Lazard InternationalPairCorr
  0.94LZEMX Lazard Emerging MarketsPairCorr
  0.75LZESX Lazard InternationalPairCorr
  0.74LZIEX Lazard InternationalPairCorr
  0.73LZIOX Lazard InternationalPairCorr
  0.94LZOEX Lazard Emerging MarketsPairCorr
  0.75LZSIX Lazard InternationalPairCorr
  0.77GESIX Lazard Global EquityPairCorr
  0.77GESOX Lazard Global EquityPairCorr
  0.68RALIX Lazard Real AssetsPairCorr
  0.68RALOX Lazard Real AssetsPairCorr
  0.68RALYX Lazard Real AssetsPairCorr
  0.95RCMPX Lazard InternationalPairCorr
  0.93ECEOX Lazard Emerging MarketsPairCorr
  0.93ECEIX Lazard Emerging MarketsPairCorr
  0.89READX Lazard Emerging MarketsPairCorr
  0.95ICMPX Lazard InternationalPairCorr
  1.0IEAOX Lazard InternationalPairCorr

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY