Lazard Correlations

LAZ Stock

USD 54.04 1.69 3.23%

The current 90-days correlation between Lazard and Moelis Co is 0.65 (i.e., Poor diversification). The correlation of Lazard 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 Correlation With Market

Poor diversification

The correlation between Lazard and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Lazard Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lazard. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more information on how to buy Lazard Stock please use our How to Invest in Lazard guide.

Moving together with Lazard Stock

0.66	GS	Goldman Sachs Group	Pair Corr
0.65	NMR	Nomura Holdings ADR	Pair Corr
0.65	PJT	PJT Partners	Pair Corr
0.7	SNEX	Stonex Group Earnings Call This Week	Pair Corr
0.66	OBYCF	Obayashi Earnings Call This Week	Pair Corr
0.66	FIBK	First Interstate Ban	Pair Corr
0.65	BNKHF	BOC Hong Kong	Pair Corr
0.73	ENS	Enersys Earnings Call This Week	Pair Corr

Moving against Lazard Stock

0.44	FRNT	FRNT Financial	Pair Corr
0.44	MIR	Mirrabooka Investments	Pair Corr
0.33	T2G	Tradegate AG Wertpap	Pair Corr
0.32	FSTF	First State Financial	Pair Corr
0.39	BROGF	BROGF	Pair Corr

Related Correlations Analysis

	MC	SNEX	BGC	PJT	RJF	VIRT	NNI	PIPR	AUB	FFIN
MC		0.88	0.13	0.87	0.89	0.22	0.64	0.94	0.88	0.63	MC
SNEX	0.88		0.24	0.73	0.85	0.56	0.48	0.76	0.94	0.72	SNEX
BGC	0.13	0.24		0.01	0.33	0.18	0.11	0.09	0.08	0.06	BGC
PJT	0.87	0.73	0.01		0.82	0.27	0.4	0.91	0.7	0.69	PJT
RJF	0.89	0.85	0.33	0.82		0.38	0.55	0.86	0.78	0.66	RJF
VIRT	0.22	0.56	0.18	0.27	0.38		-0.18	0.15	0.45	0.55	VIRT
NNI	0.64	0.48	0.11	0.4	0.55	-0.18		0.58	0.59	0.35	NNI
PIPR	0.94	0.76	0.09	0.91	0.86	0.15	0.58		0.78	0.63	PIPR
AUB	0.88	0.94	0.08	0.7	0.78	0.45	0.59	0.78		0.75	AUB
FFIN	0.63	0.72	0.06	0.69	0.66	0.55	0.35	0.63	0.75		FFIN
	MC	SNEX	BGC	PJT	RJF	VIRT	NNI	PIPR	AUB	FFIN

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PIPR	+ 0.94	MC
AUB	+ 0.94	SNEX
PIPR	+ 0.91	PJT
RJF	+ 0.89	MC
SNEX	+ 0.88	MC
AUB	+ 0.88	MC

High negative correlations

NNI

- 0.18

VIRT

Risk-Adjusted Indicators

There is a big difference between Lazard Stock performing well and Lazard Company 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'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MC	1.51	0.00	0.02	0.04	1.91	(1.60)	3.36	(3.50)	9.78
SNEX	1.75	0.23	0.12	0.17	1.89	(1.80)	4.36	(3.12)	9.30
BGC	1.12	0.00	(0.03)	(0.01)	1.53	(1.13)	2.45	(2.84)	6.73
PJT	1.54	(0.12)	0.00	(0.05)	0.00	0.00	3.08	(4.73)	10.14
RJF	1.05	0.03	0.03	0.07	1.33	(1.11)	2.22	(2.20)	5.52
VIRT	1.41	0.17	0.08	0.74	1.70	(1.49)	2.81	(2.32)	13.20
NNI	1.16	0.03	0.01	0.08	1.30	(1.22)	2.43	(2.15)	6.95
PIPR	1.44	(0.02)	0.00	0.03	1.95	(1.38)	3.02	(3.13)	9.28
AUB	1.32	0.29	0.23	0.26	0.99	(1.73)	3.79	(1.90)	9.06
FFIN	1.13	0.10	0.07	0.15	1.18	(1.39)	2.72	(1.75)	7.40

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