Lazard Equity Correlations

LZFOX Fund

USD 10.20 0.06 0.59%

The current 90-days correlation between Lazard Equity Franchise and Franklin Federal Limited Term is -0.11 (i.e., Good 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

Good diversification

The correlation between Lazard Equity Franchise and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard Equity Franchise 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 Franchise. 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

0.69	OCMPX	Lazard International	Pair Corr
0.86	LZESX	Lazard International	Pair Corr
0.94	LZFIX	Lazard Equity Franchise	Pair Corr
0.87	LZIEX	Lazard International	Pair Corr
0.87	LZIOX	Lazard International	Pair Corr
0.9	LZISX	Lazard International	Pair Corr
0.86	LZSIX	Lazard International	Pair Corr
0.9	LZSMX	Lazard International	Pair Corr
0.9	LISIX	Lazard International	Pair Corr
0.9	LISOX	Lazard International	Pair Corr
0.7	UMNIX	Lazard Short Duration	Pair Corr
0.71	UMNOX	Lazard Short Duration	Pair Corr
0.68	RCMPX	Lazard International	Pair Corr
0.69	ICMPX	Lazard International	Pair Corr

Moving against Lazard Mutual Fund

0.47	LZCOX	Lazard Small Mid	Pair Corr
0.63	RUSRX	Lazard Systematic Small	Pair Corr
0.47	LZSCX	Lazard Small Mid	Pair Corr
0.46	LZUOX	Lazard Strategic Equity	Pair Corr
0.46	LZUSX	Lazard Strategic Equity	Pair Corr
0.7	CONOX	Lazard Funds	Pair Corr
0.7	CONIX	Columbia Global Tech	Pair Corr
0.63	LUSIX	Lazard Funds	Pair Corr
0.63	LUSOX	Lazard Funds	Pair Corr
0.51	LCAIX	Lazard Capital Allocator	Pair Corr
0.51	LCAOX	Lazard Capital Allocator	Pair Corr

Related Correlations Analysis

	FTFZX	ASCLX	PRMDX	RSDIX	JSNIX	GTLSX
FTFZX		0.36	0.85	0.73	0.72	0.32	FTFZX
ASCLX	0.36		0.19	-0.11	0.0	0.81	ASCLX
PRMDX	0.85	0.19		0.64	0.68	0.17	PRMDX
RSDIX	0.73	-0.11	0.64		0.89	-0.13	RSDIX
JSNIX	0.72	0.0	0.68	0.89		0.0	JSNIX
GTLSX	0.32	0.81	0.17	-0.13	0.0		GTLSX
	FTFZX	ASCLX	PRMDX	RSDIX	JSNIX	GTLSX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

JSNIX	+ 0.89	RSDIX
PRMDX	+ 0.85	FTFZX
GTLSX	+ 0.81	ASCLX
RSDIX	+ 0.73	FTFZX
JSNIX	+ 0.72	FTFZX
JSNIX	+ 0.68	PRMDX

High negative correlations

GTLSX	- 0.13	RSDIX
RSDIX	- 0.11	ASCLX
GTLSX	- 0.0	JSNIX
JSNIX	- 0.0	ASCLX

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
FTFZX	0.07	0.00	(0.60)	0.30	0.00	(0.13)	0.19	(0.10)	0.68
ASCLX	0.37	0.00	(0.09)	0.11	0.37	(0.41)	0.77	(0.93)	2.91
PRMDX	0.05	(0.01)	(0.46)	(0.32)	0.00	(0.20)	0.20	(0.19)	0.59
RSDIX	0.08	0.00	(0.82)	(0.21)	0.00	(0.16)	0.21	(0.10)	0.72
JSNIX	0.08	0.00	(0.85)	(0.19)	0.00	(0.17)	0.21	(0.11)	0.64
GTLSX	0.31	0.01	(0.17)	0.15	0.22	(0.37)	0.71	(0.50)	2.57

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC