Lazard Equity Correlations

LEVOX Fund

USD 10.07 0.06 0.60%

The current 90-days correlation between Lazard Equity Centrated and Siit Dynamic Asset is 0.78 (i.e., Poor diversification). The correlation of Lazard Equity 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 Equity Correlation With Market

Poor diversification

The correlation between Lazard Equity Centrated 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 Equity Centrated 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 Equity Centrated. 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

0.72	LZCOX	Lazard Small Mid	Pair Corr
0.74	GESIX	Lazard Global Equity	Pair Corr
0.73	GESOX	Lazard Global Equity	Pair Corr
0.73	LZSCX	Lazard Small Mid	Pair Corr
0.74	LZUOX	Lazard Strategic Equity	Pair Corr
0.74	LZUSX	Lazard Strategic Equity	Pair Corr
0.7	SUSTX	Lazard Sustainable Equity	Pair Corr
0.69	SUSLX	Lazard Sustainable Equity	Pair Corr

Moving against Lazard Mutual Fund

0.33	LZISX	Lazard International	Pair Corr
0.33	LZSMX	Lazard International	Pair Corr

Related Correlations Analysis

	SDLAX	LCIAX	GRISX	CLXRX	JDNAX
SDLAX		0.99	0.96	0.99	0.95	SDLAX
LCIAX	0.99		0.96	1.0	0.96	LCIAX
GRISX	0.96	0.96		0.96	0.92	GRISX
CLXRX	0.99	1.0	0.96		0.97	CLXRX
JDNAX	0.95	0.96	0.92	0.97		JDNAX
	SDLAX	LCIAX	GRISX	CLXRX	JDNAX

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Risk-Adjusted Indicators

There is a big difference between Lazard Mutual Fund performing well and Lazard Equity 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 Equity'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
SDLAX	0.58	0.01	0.00	0.14	0.74	(0.61)	1.21	(1.24)	4.70
LCIAX	0.55	0.02	0.00	0.15	0.64	(0.60)	1.13	(1.29)	3.95
GRISX	0.55	0.10	(0.04)	(3.96)	0.67	(0.60)	1.16	(1.30)	3.84
CLXRX	0.55	0.01	(0.02)	0.13	0.65	(0.59)	1.17	(1.31)	3.84
JDNAX	0.56	(0.02)	(0.06)	0.10	0.66	(0.57)	1.01	(1.20)	3.34

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