Lazard Next Correlations

TEKY Etf

37.92 0.05 0.13%

The current 90-days correlation between Lazard Next Gen and Amplify Video Game is 0.84 (i.e., Very poor diversification). The correlation of Lazard Next 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 Next Correlation With Market

Poor diversification

The correlation between Lazard Next Gen and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard Next Gen and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Lazard Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Lazard Next Gen. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Lazard Etf

0.89	VGT	Vanguard Information	Pair Corr
0.81	XLK	Technology Select Sector Aggressive Push	Pair Corr
0.82	IYW	iShares Technology ETF	Pair Corr
0.83	CIBR	First Trust NASDAQ	Pair Corr
0.88	FTEC	Fidelity MSCI Information	Pair Corr
0.71	IGV	iShares Expanded Tech	Pair Corr
0.75	FDN	First Trust Dow	Pair Corr
0.69	IGM	iShares Expanded Tech	Pair Corr
0.76	VONG	Vanguard Russell 1000	Pair Corr

Moving against Lazard Etf

0.43	GBUG	Sprott Active Gold	Pair Corr
0.41	SIXS	6 Meridian Small	Pair Corr
0.35	AMPD	Tidal ETF Services	Pair Corr
0.33	SMLV	SPDR SSGA Small	Pair Corr
0.5	FROG	Jfrog	Pair Corr
0.41	PHT	PHT	Pair Corr
0.4	SIL	Global X Silver	Pair Corr
0.38	CLOX	Series Portfolios Trust	Pair Corr
0.31	FSST	Fidelity Sustainability	Pair Corr

Related Correlations Analysis

	GAMR	KSTR	HEAL	FCUS	PSFD	PSR	XUSP	PEZ	FDFF	HQGO
GAMR		0.77	0.78	0.53	-0.47	0.43	0.19	-0.16	0.4	0.06	GAMR
KSTR	0.77		0.64	0.36	-0.46	0.24	0.04	0.09	0.59	-0.03	KSTR
HEAL	0.78	0.64		0.28	-0.42	0.57	0.1	0.1	0.59	0.05	HEAL
FCUS	0.53	0.36	0.28		0.32	0.02	0.77	0.23	0.22	0.72	FCUS
PSFD	-0.47	-0.46	-0.42	0.32		-0.27	0.74	0.55	-0.12	0.8	PSFD
PSR	0.43	0.24	0.57	0.02	-0.27		0.02	-0.04	0.27	-0.02	PSR
XUSP	0.19	0.04	0.1	0.77	0.74	0.02		0.44	0.13	0.97	XUSP
PEZ	-0.16	0.09	0.1	0.23	0.55	-0.04	0.44		0.68	0.55	PEZ
FDFF	0.4	0.59	0.59	0.22	-0.12	0.27	0.13	0.68		0.18	FDFF
HQGO	0.06	-0.03	0.05	0.72	0.8	-0.02	0.97	0.55	0.18		HQGO
	GAMR	KSTR	HEAL	FCUS	PSFD	PSR	XUSP	PEZ	FDFF	HQGO

Please upgrade your account to get full access to Macroaxis premium features

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

HQGO	+ 0.97	XUSP
HQGO	+ 0.8	PSFD
HEAL	+ 0.78	GAMR
KSTR	+ 0.77	GAMR
XUSP	+ 0.77	FCUS
XUSP	+ 0.74	PSFD

High negative correlations

PSFD	- 0.47	GAMR
PSFD	- 0.46	KSTR
PSFD	- 0.42	HEAL
PSR	- 0.27	PSFD
PEZ	- 0.16	GAMR
FDFF	- 0.12	PSFD

Lazard Next Constituents Risk-Adjusted Indicators

There is a big difference between Lazard Etf performing well and Lazard Next ETF 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 Next'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GAMR	1.02	(0.14)	0.00	(0.07)	0.00	0.00	1.88	(2.69)	6.16
KSTR	1.36	(0.04)	(0.02)	0.01	2.12	(1.33)	2.23	(2.70)	12.26
HEAL	1.03	(0.20)	0.00	(0.09)	0.00	0.00	2.04	(2.13)	6.24
FCUS	1.93	(0.06)	0.00	0.03	2.85	(1.81)	4.16	(4.43)	12.27
PSFD	0.23	0.02	(0.05)	0.11	0.19	(0.25)	0.53	(0.46)	1.59
PSR	0.56	(0.06)	0.00	(0.07)	0.00	0.00	1.04	(1.27)	3.53
XUSP	0.80	(0.03)	(0.01)	0.04	1.11	(0.73)	1.56	(1.87)	4.63
PEZ	1.07	(0.02)	0.01	0.05	1.30	(1.12)	2.54	(2.17)	6.04
FDFF	0.89	(0.13)	0.00	(0.05)	0.00	0.00	1.45	(2.38)	3.86
HQGO	0.68	(0.03)	(0.03)	0.03	0.95	(0.63)	1.36	(1.50)	3.74

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

2025 Macroaxis LLC