Lazard Emerging Correlations

Mutual Funds . USA . 
Fund . Lazard Emerging Markets
RLEMX Fund  USD 18.79  0.07  0.37%   
The current 90-days correlation between Lazard Emerging Markets and Matthews Japan Fund is 0.46 (i.e., Very weak 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

Modest diversification

The correlation between Lazard Emerging Markets and DJI is 0.27 (i.e., Modest 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 population.

Moving together with Lazard Mutual Fund

  1.0LZEMX Lazard Emerging MarketsPairCorr
  0.68LZESX Lazard InternationalPairCorr
  0.66LZIEX Lazard InternationalPairCorr
  0.66LZIOX Lazard InternationalPairCorr
  0.69LZSIX Lazard InternationalPairCorr
  0.61GESIX Lazard Global EquityPairCorr
  0.66RALIX Lazard Real AssetsPairCorr
  0.66RALOX Lazard Real AssetsPairCorr
  0.66RALYX Lazard Real AssetsPairCorr
  0.89RCMPX Lazard InternationalPairCorr
  0.98ECEOX Lazard Emerging MarketsPairCorr
  0.98ECEIX Lazard Emerging MarketsPairCorr
  0.96READX Lazard Emerging MarketsPairCorr
  0.89ICMPX Lazard InternationalPairCorr
  0.94IEAIX Lazard InternationalPairCorr
  0.94IEAOX Lazard InternationalPairCorr

Related Correlations Analysis

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   
RYBMX
+ 1.0
RYBCX
HJPIX
+ 0.95
MIJFX
MIDNX
+ 0.75
MIJFX
MIDNX
+ 0.67
HJPIX
RYBCX
+ 0.22
HJPIX
RYBMX
+ 0.21
HJPIX
  
High negative correlations   
MIDNX
- 0.13
RYBMX
MIDNX
- 0.12
RYBCX

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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY