Lazard Real Correlations

Mutual Funds . USA . 
Fund . Lazard Real Assets
RALOX Fund  USD 10.46  0.13  1.23%   
The current 90-days correlation between Lazard Real Assets and Blackrock Gbl Alloc is 0.54 (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 0.22 (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.
  
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 persons.

Moving together with Lazard Mutual Fund

  0.67OCMPX Lazard InternationalPairCorr
  0.66LZEMX Lazard Emerging MarketsPairCorr
  0.65LZHYX Lazard Corporate IncomePairCorr
  0.65LZHOX Lazard Corporate IncomePairCorr
  0.66LZOEX Lazard Emerging MarketsPairCorr
  0.7GESIX Lazard Global EquityPairCorr
  0.7GESOX Lazard Global EquityPairCorr
  1.0RALIX Lazard Real AssetsPairCorr
  1.0RALYX Lazard Real AssetsPairCorr
  0.67RCMPX Lazard InternationalPairCorr
  0.66ECEOX Lazard Emerging MarketsPairCorr
  0.66ECEIX Lazard Emerging MarketsPairCorr
  0.63READX Lazard Emerging MarketsPairCorr
  0.67ICMPX Lazard InternationalPairCorr
  0.68IEAIX Lazard InternationalPairCorr
  0.68IEAOX Lazard InternationalPairCorr

Related Correlations Analysis

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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   
IVAEX
+ 0.92
MALOX
FPACX
+ 0.85
IVAEX
FPACX
+ 0.78
MALOX
SGOIX
+ 0.64
TGBAX
SGOIX
+ 0.33
MALOX
SGOIX
+ 0.33
IVAEX
  
High negative correlations   
TGBAX
- 0.7
FPACX
TGBAX
- 0.33
IVAEX
TGBAX
- 0.17
MALOX
SGOIX
- 0.12
FPACX

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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