Lazard Global Equity Fund Market Value
| GESOX Fund | USD 19.96 0.14 0.70% |
| Symbol | Lazard |
Lazard Global '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 Global'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 Global.
| 10/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in Lazard Global on October 13, 2024 and sell it all today you would earn a total of 0.00 from holding Lazard Global Equity or generate 0.0% return on investment in Lazard Global over 60 days. Lazard Global is related to or competes with T Rowe, Eic Value, Issachar Fund, Volumetric Fund, Auer Growth, and Commonwealth Global. The Portfolio invests primarily in equity securities, principally common stocks, of companies that the Investment Manage... More
Lazard Global 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 Global'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 Global Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6406 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 3.27 | |||
| Value At Risk | (0.80) | |||
| Potential Upside | 0.8564 |
Lazard Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lazard Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lazard Global's standard deviation. In reality, there are many statistical measures that can use Lazard Global historical prices to predict the future Lazard Global's volatility.| Risk Adjusted Performance | 0.0776 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.0977 |
Lazard Global Equity Backtested Returns
At this stage we consider Lazard Mutual Fund to be very steady. Lazard Global Equity has Sharpe Ratio of 0.0535, which conveys that the entity had a 0.0535% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Lazard Global, which you can use to evaluate the volatility of the fund. Please verify Lazard Global's Risk Adjusted Performance of 0.0776, downside deviation of 0.6406, and Mean Deviation of 0.4848 to check out if the risk estimate we provide is consistent with the expected return of 0.0336%. The fund secures a Beta (Market Risk) of 0.6, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Lazard Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lazard Global is expected to be smaller as well.
Auto-correlation | -0.39 |
Poor reverse predictability
Lazard Global Equity has poor reverse predictability. Overlapping area represents the amount of predictability between Lazard Global time series from 13th of October 2024 to 12th of November 2024 and 12th of November 2024 to 12th 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 Global Equity price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Lazard Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Lazard Global Equity lagged returns against current returns
Autocorrelation, which is Lazard Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Lazard Global returns to help us make a trade decision. For example, suppose you find that Lazard Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lazard Global 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 Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Lazard Global Lagged Returns
When evaluating Lazard Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lazard Global mutual fund have on its future price. Lazard Global 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 Global autocorrelation shows the relationship between Lazard Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Lazard Global 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 Global 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 Global security.
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