Lazard Emerging Correlations

Mutual Funds . USA . 
Fund . Lazard Emerging Markets
LEAOX Fund  USD 12.11  0.22  1.78%   
The current 90-days correlation between Lazard Emerging Markets and Ashmore Emerging Markets is 0.46 (i.e., Very weak diversification). The correlation of Lazard Emerging 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 Emerging Correlation With Market

LazardDowDiversified AwayLazardDowDiversified Away100%

Average diversification

The correlation between Lazard Emerging Markets and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard Emerging 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 Emerging 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 persons.

Moving together with Lazard Mutual Fund

  0.83OCMPX Lazard InternationalPairCorr
  0.91LZEMX Lazard Emerging MarketsPairCorr
  0.89LZESX Lazard InternationalPairCorr
  0.71LZHYX Lazard Corporate IncomePairCorr
  0.77LZIEX Lazard InternationalPairCorr
  0.77LZIOX Lazard InternationalPairCorr
  0.71LZHOX Lazard Corporate IncomePairCorr
  0.87LZISX Lazard InternationalPairCorr
  0.91LZOEX Lazard Emerging MarketsPairCorr
  0.89LZSIX Lazard InternationalPairCorr
  0.87LZSMX Lazard InternationalPairCorr
  0.63UMNIX Lazard Short DurationPairCorr
  0.65UMNOX Lazard Short DurationPairCorr
  0.65RALIX Lazard Real AssetsPairCorr
  0.65RALOX Lazard Real AssetsPairCorr
  0.65RALYX Lazard Real AssetsPairCorr
  0.83RCMPX Lazard InternationalPairCorr
  0.97ECEOX Lazard Emerging MarketsPairCorr
  0.98ECEIX Lazard Emerging MarketsPairCorr
  1.0READX Lazard Emerging MarketsPairCorr
  0.64GLFOX Lazard Global ListedPairCorr
  0.65GLIFX Lazard Global ListedPairCorr
  0.83ICMPX Lazard InternationalPairCorr
  0.83IEAIX Lazard InternationalPairCorr
  0.82IEAOX Lazard InternationalPairCorr

Related Correlations Analysis

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