Lazard Real Correlations
| RALIX Fund | USD 10.45 0.13 1.23% |
The current 90-days correlation between Lazard Real Assets and Fidelity Advisor Diversified is 0.47 (i.e., Very weak diversification). The correlation of Lazard Real 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 Real Correlation With Market
Modest diversification
The correlation between Lazard Real Assets and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard Real Assets and DJI in the same portfolio, assuming nothing else is changed.
Lazard |
Moving together with Lazard Mutual Fund
| 0.67 | OCMPX | Lazard International | PairCorr |
| 0.66 | LZEMX | Lazard Emerging Markets | PairCorr |
| 0.65 | LZHYX | Lazard Corporate Income | PairCorr |
| 0.65 | LZHOX | Lazard Corporate Income | PairCorr |
| 0.66 | LZOEX | Lazard Emerging Markets | PairCorr |
| 0.71 | GESIX | Lazard Global Equity | PairCorr |
| 0.71 | GESOX | Lazard Global Equity | PairCorr |
| 1.0 | RALOX | Lazard Real Assets | PairCorr |
| 1.0 | RALYX | Lazard Real Assets | PairCorr |
| 0.67 | RCMPX | Lazard International | PairCorr |
| 0.67 | ECEOX | Lazard Emerging Markets | PairCorr |
| 0.67 | ECEIX | Lazard Emerging Markets | PairCorr |
| 0.64 | READX | Lazard Emerging Markets | PairCorr |
| 0.67 | ICMPX | Lazard International | PairCorr |
| 0.68 | IEAIX | Lazard International | PairCorr |
| 0.68 | IEAOX | Lazard International | PairCorr |
Related Correlations Analysis
| -0.01 | 0.56 | -0.16 | 0.62 | 0.43 | FZABX | ||
| -0.01 | -0.32 | 0.85 | -0.25 | 0.07 | LIGFX | ||
| 0.56 | -0.32 | -0.65 | 0.92 | 0.79 | PQCNX | ||
| -0.16 | 0.85 | -0.65 | -0.57 | -0.37 | HUDEX | ||
| 0.62 | -0.25 | 0.92 | -0.57 | 0.72 | XWDIX | ||
| 0.43 | 0.07 | 0.79 | -0.37 | 0.72 | DTICX | ||
| 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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Lazard Mutual Fund performing well and Lazard Real 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 Real'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FZABX | 0.69 | (0.13) | 0.00 | (0.07) | 0.00 | 1.18 | 4.32 | |||
| LIGFX | 0.25 | (0.01) | (0.31) | 0.10 | 0.19 | 0.55 | 1.23 | |||
| PQCNX | 0.23 | (0.01) | 0.00 | 0.23 | 0.00 | 0.46 | 1.40 | |||
| HUDEX | 0.68 | (0.06) | (0.06) | 0.07 | 0.72 | 1.58 | 5.46 | |||
| XWDIX | 0.17 | (0.02) | 0.00 | (1.84) | 0.00 | 0.32 | 1.39 | |||
| DTICX | 0.08 | 0.00 | (0.80) | 0.08 | 0.00 | 0.13 | 0.64 |