Lazard Real Correlations

Mutual Funds . USA . 
Fund . Lazard Real Assets
RALIX Fund  USD 10.84  0.07  0.65%   
The current 90-days correlation between Lazard Real Assets and Red Oak Technology is 0.29 (i.e., Modest 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

Very weak diversification

The correlation between Lazard Real Assets and DJI is 0.56 (i.e., Very weak 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.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Lazard Real Assets. 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 gross domestic product.

Moving together with Lazard Mutual Fund

  0.63LZCOX Lazard Small MidPairCorr
  0.72LZEMX Lazard Emerging MarketsPairCorr
  0.81LZHYX Lazard Corporate IncomePairCorr
  0.75LZHOX Lazard Corporate IncomePairCorr
  0.8LZOEX Lazard Emerging MarketsPairCorr
  0.84LZUOX Lazard Strategic EquityPairCorr
  0.78UMNIX Lazard Short DurationPairCorr
  0.81UMNOX Lazard Short DurationPairCorr
  1.0RALOX Lazard Real AssetsPairCorr
  0.75ECEIX Lazard Emerging MarketsPairCorr
  0.81GLFOX Lazard Global ListedPairCorr
  0.81GLIFX Lazard Global ListedPairCorr
  0.62LCAIX Lazard Capital AllocatorPairCorr
  0.62LCAOX Lazard Capital AllocatorPairCorr
  0.81RLCIX Lazard Corporate IncomePairCorr
  0.79RLEMX Lazard Emerging MarketsPairCorr

Moving against Lazard Mutual Fund

  0.53RCMPX Lazard InternationalPairCorr
  0.35LZIEX Lazard InternationalPairCorr
  0.34CONOX Lazard FundsPairCorr
  0.34CONIX Columbia Global TechPairCorr

Related Correlations Analysis


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

VITAX
+ 0.93
TEPIX
CMTFX
+ 0.91
TEPIX
VITAX
+ 0.76
CMTFX
VITAX
+ 0.75
ROGSX
CMTFX
+ 0.75
USTCX
USTCX
+ 0.73
ICTEX
  

High negative correlations

USTCX
- 0.07
ROGSX

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.

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