Lazard Capital Correlations

Mutual Funds . USA . 
Fund . Lazard Capital Allocator
LCAIX Fund  USD 10.48  0.01  0.1%   
The current 90-days correlation between Lazard Capital Allocator and Franklin Federal Limited Term is 0.13 (i.e., Average diversification). The correlation of Lazard Capital 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 Capital Correlation With Market

Weak diversification

The correlation between Lazard Capital Allocator and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard Capital Allocator and DJI 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 Capital Allocator. 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

  0.96LZCOX Lazard Small MidPairCorr
  0.97LZFOX Lazard Equity FranchisePairCorr
  0.97LZFIX Lazard Equity FranchisePairCorr
  0.69LZIEX Lazard InternationalPairCorr
  0.68LZIOX Lazard InternationalPairCorr
  0.98GESIX Lazard Global EquityPairCorr
  0.98GESOX Lazard Global EquityPairCorr
  0.96LZSCX Lazard Small MidPairCorr
  0.97LZUOX Lazard Strategic EquityPairCorr
  0.97LZUSX Lazard Strategic EquityPairCorr
  0.98LISIX Lazard InternationalPairCorr
  0.98LISOX Lazard InternationalPairCorr
  0.84SUSTX Lazard Sustainable EquityPairCorr
  0.84SUSLX Lazard Sustainable EquityPairCorr
  0.9RUSRX Lazard Systematic SmallPairCorr
  0.64IEAIX Lazard InternationalPairCorr
  0.65IEAOX Lazard InternationalPairCorr
  0.75CONOX Lazard FundsPairCorr
  0.74CONIX Columbia Global TechPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Lazard Mutual Fund performing well and Lazard Capital 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 Capital'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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