Lazard Us Correlations

LZCOX Fund

USD 10.75 0.04 0.37%

The current 90-days correlation between Lazard Small Mid and Lazard Small Mid Cap is 1.0 (i.e., No risk reduction). The correlation of Lazard Us 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 Us Correlation With Market

Average diversification

The correlation between Lazard Small Mid Cap and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard Small Mid Cap 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 Small Mid Cap. 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	OCMPX	Lazard International	Pair Corr
0.9	LZFOX	Lazard Equity Franchise	Pair Corr
0.9	LZFIX	Lazard Equity Franchise	Pair Corr
0.83	LZIEX	Lazard International	Pair Corr
0.83	LZIOX	Lazard International	Pair Corr
0.96	GESIX	Lazard Global Equity	Pair Corr
0.96	GESOX	Lazard Global Equity	Pair Corr
1.0	LZSCX	Lazard Small Mid	Pair Corr
0.98	LZUOX	Lazard Strategic Equity	Pair Corr
0.98	LZUSX	Lazard Strategic Equity	Pair Corr
0.92	LISIX	Lazard International	Pair Corr
0.92	LISOX	Lazard International	Pair Corr
0.91	SUSTX	Lazard Sustainable Equity	Pair Corr
0.91	SUSLX	Lazard Sustainable Equity	Pair Corr
0.82	RALIX	Lazard Real Assets	Pair Corr
0.76	RALOX	Lazard Real Assets	Pair Corr
0.76	RALYX	Lazard Real Assets	Pair Corr
0.71	RCMPX	Lazard International	Pair Corr
0.78	RUSRX	Lazard Systematic Small	Pair Corr
0.7	GLFOX	Lazard Global Listed	Pair Corr
0.69	GLIFX	Lazard Global Listed	Pair Corr
0.75	ICMPX	Lazard International	Pair Corr
0.86	IEAIX	Lazard International	Pair Corr
0.86	IEAOX	Lazard International	Pair Corr

Moving against Lazard Mutual Fund

0.38	LEOOX	Lazard Enhanced Oppo	Pair Corr
0.37	LEOIX	Lazard Enhanced Oppo	Pair Corr

Related Correlations Analysis

	LZSCX	LZIOX	LZSMX	LSCRX	NBPTX
LZSCX		0.81	0.44	0.89	0.84	LZSCX
LZIOX	0.81		0.84	0.62	0.78	LZIOX
LZSMX	0.44	0.84		0.25	0.55	LZSMX
LSCRX	0.89	0.62	0.25		0.78	LSCRX
NBPTX	0.84	0.78	0.55	0.78		NBPTX
	LZSCX	LZIOX	LZSMX	LSCRX	NBPTX

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Risk-Adjusted Indicators

There is a big difference between Lazard Mutual Fund performing well and Lazard Us 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 Us' 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
LZSCX	0.99	(0.14)	(0.30)	1.74	(2.24)	14.20
LZIOX	0.62	(0.15)	(0.62)	1.10	(1.49)	5.29
LZSMX	0.58	(0.12)	(0.38)	0.98	(1.55)	3.26
LSCRX	0.92	(0.12)	(0.17)	1.77	(1.25)	16.56
NBPTX	0.52	(0.04)	(0.12)	1.04	(0.90)	4.46

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