Lazard Developing Correlations

LDMIX Fund

USD 19.61 0.08 0.41%

The current 90-days correlation between Lazard Developing Markets and Foreign Smaller Panies is 0.65 (i.e., Poor diversification). The correlation of Lazard Developing 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 Developing Correlation With Market

Very poor diversification

The correlation between Lazard Developing Markets and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard Developing Markets 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 Developing Markets. 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

0.82	LZCOX	Lazard Small Mid	Pair Corr
0.68	LZFOX	Lazard Equity Franchise	Pair Corr
0.97	LZEMX	Lazard Emerging Markets	Pair Corr
0.76	LZESX	Lazard International	Pair Corr
0.69	LZFIX	Lazard Equity Franchise	Pair Corr
0.94	LZIEX	Lazard International	Pair Corr
0.68	LZIOX	Lazard International	Pair Corr
0.62	LZHOX	Lazard Corporate Income	Pair Corr
0.94	LZISX	Lazard International	Pair Corr
0.76	LZOEX	Lazard Emerging Markets	Pair Corr
0.97	LZSIX	Lazard International	Pair Corr
0.77	LZSMX	Lazard International	Pair Corr
0.86	LZSCX	Lazard Small Mid	Pair Corr
0.64	LZUOX	Lazard Strategic Equity	Pair Corr
0.8	LZUSX	Lazard Strategic Equity	Pair Corr
0.94	LISIX	Lazard International	Pair Corr
0.77	LISOX	Lazard International	Pair Corr
0.73	UMNIX	Lazard Short Duration	Pair Corr
0.71	UMNOX	Lazard Short Duration	Pair Corr
0.93	RALIX	Lazard Real Assets	Pair Corr
0.93	RALOX	Lazard Real Assets	Pair Corr
0.92	RALYX	Lazard Real Assets	Pair Corr
0.82	RCMPX	Lazard International	Pair Corr
0.99	READX	Lazard Emerging Markets	Pair Corr
0.82	ICMPX	Lazard International	Pair Corr
0.95	IEAIX	Lazard International	Pair Corr
0.9	CONOX	Lazard Funds	Pair Corr
0.94	CONIX	Columbia Global Tech	Pair Corr
0.84	LCAIX	Lazard Capital Allocator	Pair Corr
0.75	LCAOX	Lazard Capital Allocator	Pair Corr
0.83	LDMOX	Lazard Developing Markets	Pair Corr
0.69	RLCIX	Lazard Corporate Income	Pair Corr
0.76	RLEMX	Lazard Emerging Markets	Pair Corr

Related Correlations Analysis

	PAGRX	LOMAX	XSIAX	LZCOX	LZUOX	FOBAX	HFLGX	TFSCX
PAGRX		0.87	0.87	0.76	0.89	0.86	0.86	0.69	PAGRX
LOMAX	0.87		0.8	0.6	0.72	0.87	0.87	0.81	LOMAX
XSIAX	0.87	0.8		0.78	0.88	0.8	0.75	0.63	XSIAX
LZCOX	0.76	0.6	0.78		0.84	0.68	0.63	0.44	LZCOX
LZUOX	0.89	0.72	0.88	0.84		0.79	0.7	0.53	LZUOX
FOBAX	0.86	0.87	0.8	0.68	0.79		0.78	0.62	FOBAX
HFLGX	0.86	0.87	0.75	0.63	0.7	0.78		0.87	HFLGX
TFSCX	0.69	0.81	0.63	0.44	0.53	0.62	0.87		TFSCX
	PAGRX	LOMAX	XSIAX	LZCOX	LZUOX	FOBAX	HFLGX	TFSCX

Risk-Adjusted Indicators

There is a big difference between Lazard Mutual Fund performing well and Lazard Developing 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 Developing'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
PAGRX	0.87	0.10	0.07	0.22	0.88	(0.95)	1.92	(1.81)	5.00
LOMAX	0.59	0.19	0.21	0.46	0.06	(0.74)	1.26	(0.95)	4.55
XSIAX	0.10	0.01	(0.56)	0.20	0.00	(0.25)	0.11	(0.21)	0.97
LZCOX	0.96	0.08	0.08	0.15	0.96	(1.07)	2.12	(2.02)	5.51
LZUOX	0.56	(0.02)	(0.08)	0.05	0.66	(0.63)	1.13	(1.24)	3.28
FOBAX	0.51	0.12	0.19	0.28	0.00	(0.67)	0.70	(0.64)	10.79
HFLGX	0.72	0.23	0.18	5.15	0.39	(0.87)	1.75	(1.12)	7.06
TFSCX	0.52	0.20	0.17	(12.21)	0.18	(0.65)	1.40	(0.82)	2.29

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Lazard Developing Correlations

Lazard Developing Correlation With Market

Very poor diversification

Moving together with Lazard Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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