Lazard Sustainable Equity Fund Market Value
| SUSTX Fund | USD 15.44 0.16 1.05% |
| Symbol | Lazard |
Lazard Sustainable '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 Sustainable'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 Sustainable.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Lazard Sustainable on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Lazard Sustainable Equity or generate 0.0% return on investment in Lazard Sustainable over 30 days. Lazard Sustainable is related to or competes with Lazard Global, Lazard Global, Lazard International, Lazard Us, Lazard Equity, Lazard Emerging, and Lazard International. Under normal circumstances, the fund invests at least 80 percent of its assets in equity securities of U.S More
Lazard Sustainable 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 Sustainable'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 Sustainable Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7377 | |||
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 3.54 | |||
| Value At Risk | (1.19) | |||
| Potential Upside | 1.07 |
Lazard Sustainable Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lazard Sustainable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lazard Sustainable's standard deviation. In reality, there are many statistical measures that can use Lazard Sustainable historical prices to predict the future Lazard Sustainable's volatility.| Risk Adjusted Performance | 0.0617 | |||
| Jensen Alpha | 0.0453 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 1.48 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Lazard Sustainable'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.
Lazard Sustainable Equity Backtested Returns
At this stage we consider Lazard Mutual Fund to be very steady. Lazard Sustainable Equity has Sharpe Ratio of 0.0957, which conveys that the entity had a 0.0957% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Lazard Sustainable, which you can use to evaluate the volatility of the fund. Please verify Lazard Sustainable's Risk Adjusted Performance of 0.0617, downside deviation of 0.7377, and Mean Deviation of 0.5659 to check out if the risk estimate we provide is consistent with the expected return of 0.071%. The fund secures a Beta (Market Risk) of 0.0332, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Lazard Sustainable's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lazard Sustainable is expected to be smaller as well.
Auto-correlation | 0.61 |
Good predictability
Lazard Sustainable Equity has good predictability. Overlapping area represents the amount of predictability between Lazard Sustainable time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 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 Sustainable Equity price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Lazard Sustainable price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Lazard Sustainable Equity lagged returns against current returns
Autocorrelation, which is Lazard Sustainable 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 Sustainable's mutual fund expected returns. We can calculate the autocorrelation of Lazard Sustainable returns to help us make a trade decision. For example, suppose you find that Lazard Sustainable 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 Sustainable 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 Sustainable mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lazard Sustainable 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 Sustainable mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Lazard Sustainable Lagged Returns
When evaluating Lazard Sustainable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lazard Sustainable mutual fund have on its future price. Lazard Sustainable 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 Sustainable autocorrelation shows the relationship between Lazard Sustainable mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Lazard Sustainable Equity.
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 Sustainable 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 Sustainable security.
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