Lazard Capital Allocator Fund Market Value
| LCAIX Fund | USD 11.30 0.08 0.71% |
| Symbol | Lazard |
Lazard Capital 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Lazard Capital's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Lazard Capital.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Lazard Capital on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Lazard Capital Allocator or generate 0.0% return on investment in Lazard Capital over 30 days. Lazard Capital is related to or competes with Cullen International, Cullen High, Lazard International, and The Arbitrage. The fund utilizes an asset allocation strategy to invest in a global portfolio of uncorrelated assets that can include e... More
Lazard Capital Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Lazard Capital's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Lazard Capital Allocator upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7438 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 3.14 | |||
| Value At Risk | (1.26) | |||
| Potential Upside | 0.9901 |
Lazard Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lazard Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lazard Capital's standard deviation. In reality, there are many statistical measures that can use Lazard Capital historical prices to predict the future Lazard Capital's volatility.| Risk Adjusted Performance | 0.0972 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.1112 |
Lazard Capital Allocator Backtested Returns
At this stage we consider Lazard Mutual Fund to be very steady. Lazard Capital Allocator has Sharpe Ratio of 0.16, which conveys that the entity had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Lazard Capital, which you can use to evaluate the volatility of the fund. Please verify Lazard Capital's Mean Deviation of 0.4991, risk adjusted performance of 0.0972, and Downside Deviation of 0.7438 to check out if the risk estimate we provide is consistent with the expected return of 0.1%. The fund secures a Beta (Market Risk) of 0.67, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Lazard Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lazard Capital is expected to be smaller as well.
Auto-correlation | 0.76 |
Good predictability
Lazard Capital Allocator has good predictability. Overlapping area represents the amount of predictability between Lazard Capital time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Lazard Capital Allocator price movement. The serial correlation of 0.76 indicates that around 76.0% of current Lazard Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Lazard Capital Allocator lagged returns against current returns
Autocorrelation, which is Lazard Capital mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Lazard Capital's mutual fund expected returns. We can calculate the autocorrelation of Lazard Capital returns to help us make a trade decision. For example, suppose you find that Lazard Capital has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Lazard Capital regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Lazard Capital mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lazard Capital mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lazard Capital mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Lazard Capital Lagged Returns
When evaluating Lazard Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lazard Capital mutual fund have on its future price. Lazard Capital autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Lazard Capital autocorrelation shows the relationship between Lazard Capital mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Lazard Capital Allocator.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Lazard Mutual Fund
Lazard Capital financial ratios help investors to determine whether Lazard Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Lazard with respect to the benefits of owning Lazard Capital security.
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