Lazard Capital Correlations

Mutual Funds . USA . 
Fund . Lazard Capital Allocator
LCAIX Fund  USD 10.55  0.06  0.57%   
The current 90-days correlation between Lazard Capital Allocator and Avantis Large Cap is 0.45 (i.e., Very weak 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

Modest diversification

The correlation between Lazard Capital Allocator and DJI is 0.28 (i.e., Modest 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

  0.71OCMPX Lazard InternationalPairCorr
  0.98LZCOX Lazard Small MidPairCorr
  0.78LZFOX Lazard Equity FranchisePairCorr
  0.9LZFIX Lazard Equity FranchisePairCorr
  0.86LZIEX Lazard InternationalPairCorr
  0.85LZIOX Lazard InternationalPairCorr
  0.95GESIX Lazard Global EquityPairCorr
  0.98GESOX Lazard Global EquityPairCorr
  0.98LZSCX Lazard Small MidPairCorr
  0.95LZUOX Lazard Strategic EquityPairCorr
  0.95LZUSX Lazard Strategic EquityPairCorr
  0.93LISIX Lazard InternationalPairCorr
  0.93LISOX Lazard InternationalPairCorr
  0.85SUSTX Lazard Sustainable EquityPairCorr
  0.85SUSLX Lazard Sustainable EquityPairCorr
  0.68RALIX Lazard Real AssetsPairCorr
  0.68RALOX Lazard Real AssetsPairCorr
  0.68RALYX Lazard Real AssetsPairCorr
  0.72RCMPX Lazard InternationalPairCorr
  0.63GLFOX Lazard Global ListedPairCorr
  0.62GLIFX Lazard Global ListedPairCorr
  0.71ICMPX Lazard InternationalPairCorr
  0.88IEAIX Lazard InternationalPairCorr
  0.88IEAOX Lazard InternationalPairCorr

Related Correlations Analysis

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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   
LMUSX
+ 1.0
LMISX
FCLKX
+ 0.94
ALCEX
TFCCX
+ 0.94
TALCX
LMISX
+ 0.88
ALCEX
LMUSX
+ 0.87
ALCEX
LMISX
+ 0.85
FCLKX
  
High negative correlations   
TFCCX
- 0.6
ENGRX
TALCX
- 0.49
ENGRX
TFCCX
- 0.44
CMIFX
LMUSX
- 0.32
ENGRX
CMIFX
- 0.31
TALCX
LMISX
- 0.31
ENGRX

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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