Lazard Us Correlations

RLUEX Fund

USD 10.18 0.02 0.20%

The current 90-days correlation between Lazard Equity Concen and Lazard Equity Centrated is 1.0 (i.e., No risk reduction). The correlation of Lazard Us 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 Us Correlation With Market

Poor diversification

The correlation between Lazard Equity Concentrated and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard Equity Concentrated 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 Equity Concentrated. 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 income.

Moving together with Lazard Mutual Fund

0.73	LZCOX	Lazard Small Mid	Pair Corr
0.73	GESIX	Lazard Global Equity	Pair Corr
0.72	GESOX	Lazard Global Equity	Pair Corr
0.74	LZSCX	Lazard Small Mid	Pair Corr
0.75	LZUOX	Lazard Strategic Equity	Pair Corr
0.75	LZUSX	Lazard Strategic Equity	Pair Corr
0.62	SUSTX	Lazard Sustainable Equity	Pair Corr
0.71	SUSLX	Lazard Sustainable Equity	Pair Corr
0.63	CONOX	Lazard Funds	Pair Corr

Moving against Lazard Mutual Fund

0.36	LZISX	Lazard International	Pair Corr
0.36	LZSMX	Lazard International	Pair Corr

Related Correlations Analysis

	LEVOX	SDLAX	FIDLX	LCIAX	CLXRX
LEVOX		0.75	0.75	0.74	0.77	LEVOX
SDLAX	0.75		1.0	0.99	0.99	SDLAX
FIDLX	0.75	1.0		0.99	0.99	FIDLX
LCIAX	0.74	0.99	0.99		1.0	LCIAX
CLXRX	0.77	0.99	0.99	1.0		CLXRX
	LEVOX	SDLAX	FIDLX	LCIAX	CLXRX

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Risk-Adjusted Indicators

There is a big difference between Lazard Mutual Fund performing well and Lazard Us 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 Us' 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
LEVOX	0.82	(0.04)	(0.03)	0.08	1.02	(0.91)	1.85	(1.72)	5.21
SDLAX	0.58	0.01	0.00	0.13	0.75	(0.61)	1.21	(1.24)	4.70
FIDLX	0.53	0.02	0.00	0.14	0.56	(0.54)	1.20	(0.90)	3.84
LCIAX	0.55	0.01	(0.01)	0.13	0.66	(0.59)	1.13	(1.29)	3.95
CLXRX	0.54	0.00	(0.02)	0.12	0.66	(0.58)	1.17	(1.31)	3.84

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