Lazard Strategic Equity Fund Market Value

RLUSX Fund  USD 16.58  0.88  5.04%   
Lazard Strategic's market value is the price at which a share of Lazard Strategic trades on a public exchange. It measures the collective expectations of Lazard Strategic Equity investors about its performance. Lazard Strategic is trading at 16.58 as of the 24th of December 2024; that is 5.04 percent down since the beginning of the trading day. The fund's open price was 17.46.
With this module, you can estimate the performance of a buy and hold strategy of Lazard Strategic Equity and determine expected loss or profit from investing in Lazard Strategic over a given investment horizon. Check out Lazard Strategic Correlation, Lazard Strategic Volatility and Lazard Strategic Alpha and Beta module to complement your research on Lazard Strategic.
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Please note, there is a significant difference between Lazard Strategic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lazard Strategic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lazard Strategic's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Lazard Strategic '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 Strategic'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 Strategic.
0.00
01/04/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/24/2024
0.00
If you would invest  0.00  in Lazard Strategic on January 4, 2023 and sell it all today you would earn a total of 0.00 from holding Lazard Strategic Equity or generate 0.0% return on investment in Lazard Strategic over 720 days. Lazard Strategic is related to or competes with Lazard Global, Lazard Global, Lazard International, Lazard Small, Lazard Equity, Lazard Emerging, and Lazard International. Under normal circumstances, the Portfolio invests at least 80 percent of its assets in equity securities of U.S More

Lazard Strategic 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 Strategic'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 Strategic Equity upside and downside potential and time the market with a certain degree of confidence.

Lazard Strategic Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Lazard Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lazard Strategic's standard deviation. In reality, there are many statistical measures that can use Lazard Strategic historical prices to predict the future Lazard Strategic's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Lazard Strategic's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
15.5716.5817.59
Details
Intrinsic
Valuation
LowRealHigh
15.1716.1817.19
Details

Lazard Strategic Equity Backtested Returns

Lazard Strategic Equity has Sharpe Ratio of -0.0754, which conveys that the entity had a -0.0754% return per unit of risk over the last 3 months. Lazard Strategic exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lazard Strategic's Mean Deviation of 0.5987, standard deviation of 0.9894, and Risk Adjusted Performance of (0.07) to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.0132, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Lazard Strategic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lazard Strategic is expected to be smaller as well.

Auto-correlation

    
  0.68  

Good predictability

Lazard Strategic Equity has good predictability. Overlapping area represents the amount of predictability between Lazard Strategic time series from 4th of January 2023 to 30th of December 2023 and 30th of December 2023 to 24th 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 Strategic Equity price movement. The serial correlation of 0.68 indicates that around 68.0% of current Lazard Strategic price fluctuation can be explain by its past prices.
Correlation Coefficient0.68
Spearman Rank Test0.72
Residual Average0.0
Price Variance0.59

Lazard Strategic Equity lagged returns against current returns

Autocorrelation, which is Lazard Strategic 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 Strategic's mutual fund expected returns. We can calculate the autocorrelation of Lazard Strategic returns to help us make a trade decision. For example, suppose you find that Lazard Strategic 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 Strategic 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 Strategic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lazard Strategic 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 Strategic mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Lazard Strategic Lagged Returns

When evaluating Lazard Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lazard Strategic mutual fund have on its future price. Lazard Strategic 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 Strategic autocorrelation shows the relationship between Lazard Strategic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Lazard Strategic Equity.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Lazard Mutual Fund

Lazard Strategic 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 Strategic security.
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