Lazard Emerging Correlations

Mutual Funds . USA . 
Fund . Lazard Emerging Markets
READX Fund   17.54  0.01  0.06%   
The current 90-days correlation between Lazard Emerging Markets and Dgi Balanced is 0.61 (i.e., Poor diversification). The correlation of Lazard Emerging 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 Emerging Correlation With Market

Very poor diversification

The correlation between Lazard Emerging Markets and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard Emerging Markets 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 Emerging Markets. 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 small area income & poverty estimates.

Moving together with Lazard Mutual Fund

  0.88LZCOX Lazard Small MidPairCorr
  0.63LZFOX Lazard Equity FranchisePairCorr
  0.99LZEMX Lazard Emerging MarketsPairCorr
  0.98LZESX Lazard InternationalPairCorr
  0.64LZFIX Lazard Equity FranchisePairCorr
  0.76LZHYX Lazard Corporate IncomePairCorr
  0.97LZIEX Lazard InternationalPairCorr
  0.9LZIOX Lazard InternationalPairCorr
  0.76LZHOX Lazard Corporate IncomePairCorr
  0.96LZISX Lazard InternationalPairCorr
  0.99LZOEX Lazard Emerging MarketsPairCorr
  0.98LZSIX Lazard InternationalPairCorr
  0.96LZSMX Lazard InternationalPairCorr
  0.88LZSCX Lazard Small MidPairCorr
  0.8LZUSX Lazard Strategic EquityPairCorr
  0.97LISIX Lazard InternationalPairCorr
  0.97LISOX Lazard InternationalPairCorr
  0.77UMNIX Lazard Short DurationPairCorr
  0.77UMNOX Lazard Short DurationPairCorr
  0.96RALIX Lazard Real AssetsPairCorr
  0.96RALOX Lazard Real AssetsPairCorr
  0.76RCMPX Lazard InternationalPairCorr
  0.86GLFOX Lazard Global ListedPairCorr
  0.86GLIFX Lazard Global ListedPairCorr
  0.76ICMPX Lazard InternationalPairCorr
  0.98IEAIX Lazard InternationalPairCorr
  0.95CONOX Lazard FundsPairCorr
  0.95CONIX Columbia Global TechPairCorr
  0.86LCAIX Lazard Capital AllocatorPairCorr
  0.86LCAOX Lazard Capital AllocatorPairCorr
  0.99LDMIX Lazard Developing MarketsPairCorr
  0.99LDMOX Lazard Developing MarketsPairCorr
  0.75RLCIX Lazard Corporate IncomePairCorr
  0.99RLEMX Lazard Emerging MarketsPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Lazard Mutual Fund performing well and Lazard Emerging 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 Emerging'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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