Lazard Strategic Correlations

Mutual Funds . USA . 
Fund . Lazard Strategic Equity
LZUOX Fund  USD 18.10  0.02  0.11%   
The current 90-days correlation between Lazard Strategic Equity and Pace Large Growth is 0.81 (i.e., Very poor diversification). The correlation of Lazard Strategic 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 Strategic Correlation With Market

Very poor diversification

The correlation between Lazard Strategic Equity and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard Strategic Equity and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lazard Strategic Equity. 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 persons.

Moving together with Lazard Mutual Fund

  0.95LCAOX Lazard Capital AllocatorPairCorr
  0.9RLUSX Lazard Strategic EquityPairCorr
  0.72RLUEX Lazard Equity ConcenPairCorr
  0.71LEVIX Lazard Equity CentratedPairCorr
  0.94VTSAX Vanguard Total StockPairCorr
  0.88VFIAX Vanguard 500 IndexPairCorr
  0.94VTSMX Vanguard Total StockPairCorr
  0.89VITSX Vanguard Total StockPairCorr
  0.94VSMPX Vanguard Total StockPairCorr
  0.94VSTSX Vanguard Total StockPairCorr
  0.88VFINX Vanguard 500 IndexPairCorr
  0.94VFFSX Vanguard 500 IndexPairCorr
  0.94VINIX Vanguard InstitutionalPairCorr
  0.94VIIIX Vanguard InstitutionalPairCorr
  0.82AMECX Income FundPairCorr
  0.95ELFNX Elfun Trusts ElfunPairCorr
  0.72ACP Aberdeen Income CreditPairCorr
  0.85CSCO Cisco SystemsPairCorr
  0.75AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.83BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.89AXP American Express Fiscal Year End 24th of January 2025 PairCorr

Moving against Lazard Mutual Fund

  0.45LZFOX Lazard Equity FranchisePairCorr
  0.43LZSIX Lazard InternationalPairCorr
  0.4LZIEX Lazard InternationalPairCorr
  0.4RLIEX Lazard InternationalPairCorr
  0.38LISIX Lazard InternationalPairCorr
  0.38LISOX Lazard InternationalPairCorr
  0.72JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.67PFE Pfizer Inc Fiscal Year End 4th of February 2025 PairCorr
  0.58MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.47PFHCX Pacific Funds SmallPairCorr
  0.4NHS Neuberger Berman HighPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Lazard Mutual Fund performing well and Lazard Strategic 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 Strategic'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.

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
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY