Lazard Emerging Correlations

LZEMX Fund

USD 23.44 0.01 0.04%

The current 90-days correlation between Lazard Emerging Markets and Blackrock Diversified Fixed is 0.21 (i.e., Modest diversification). The correlation of Lazard Emerging 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 Emerging Correlation With Market

Very weak diversification

The correlation between Lazard Emerging Markets and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard Emerging Markets 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 Emerging Markets. 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 industry.

Moving together with Lazard Mutual Fund

0.77	OCMPX	Lazard International	Pair Corr
0.76	LZCOX	Lazard Small Mid	Pair Corr
0.95	LZESX	Lazard International	Pair Corr
0.88	LZHYX	Lazard Corporate Income	Pair Corr
0.93	LZIEX	Lazard International	Pair Corr
0.93	LZIOX	Lazard International	Pair Corr
0.89	LZHOX	Lazard Corporate Income	Pair Corr
0.68	LZISX	Lazard International	Pair Corr
0.95	LZSIX	Lazard International	Pair Corr
0.66	LZSMX	Lazard International	Pair Corr
0.9	GESIX	Lazard Global Equity	Pair Corr
0.89	GESOX	Lazard Global Equity	Pair Corr
0.87	LZUOX	Lazard Strategic Equity	Pair Corr
0.91	LZUSX	Lazard Strategic Equity	Pair Corr
0.84	LISIX	Lazard International	Pair Corr
0.83	LISOX	Lazard International	Pair Corr
0.84	UMNIX	Lazard Short Duration	Pair Corr
0.69	UMNOX	Lazard Short Duration	Pair Corr
0.86	RALIX	Lazard Real Assets	Pair Corr
0.86	RALOX	Lazard Real Assets	Pair Corr
0.86	RALYX	Lazard Real Assets	Pair Corr
0.78	RCMPX	Lazard International	Pair Corr
0.94	ECEOX	Lazard Emerging Markets	Pair Corr
0.98	ECEIX	Lazard Emerging Markets	Pair Corr
0.95	READX	Lazard Emerging Markets	Pair Corr
0.73	ICMPX	Lazard International	Pair Corr
0.96	IEAIX	Lazard International	Pair Corr
0.77	CONOX	Lazard Funds	Pair Corr
0.96	LCAIX	Lazard Capital Allocator	Pair Corr
0.88	LCAOX	Lazard Capital Allocator	Pair Corr
0.62	LUSIX	Lazard Funds	Pair Corr

Moving against Lazard Mutual Fund

0.44	LZFOX	Lazard Equity Franchise	Pair Corr
0.44	LZFIX	Lazard Equity Franchise	Pair Corr

Related Correlations Analysis

	BDVFX	XACVX	DLTZX	ELDFX	SWSSX	JPDVX	PGBAX
BDVFX		0.88	0.97	0.92	0.87	0.9	0.97	BDVFX
XACVX	0.88		0.85	0.94	0.91	0.91	0.93	XACVX
DLTZX	0.97	0.85		0.9	0.86	0.88	0.93	DLTZX
ELDFX	0.92	0.94	0.9		0.96	0.99	0.96	ELDFX
SWSSX	0.87	0.91	0.86	0.96		0.96	0.92	SWSSX
JPDVX	0.9	0.91	0.88	0.99	0.96		0.94	JPDVX
PGBAX	0.97	0.93	0.93	0.96	0.92	0.94		PGBAX
	BDVFX	XACVX	DLTZX	ELDFX	SWSSX	JPDVX	PGBAX

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BDVFX	0.16	0.05	0.02	1.39	0.00	(0.32)	0.53	(0.21)	1.27
XACVX	0.62	0.15	0.10	(0.45)	0.66	(0.69)	1.45	(1.01)	4.48
DLTZX	0.09	0.02	(0.23)	(1.47)	0.00	(0.18)	0.26	(0.13)	0.64
ELDFX	0.28	0.05	0.06	0.14	0.26	(0.33)	0.72	(0.41)	2.85
SWSSX	0.88	0.05	0.08	0.08	0.88	(1.01)	2.52	(1.36)	6.87
JPDVX	0.31	0.03	0.01	0.10	0.28	(0.36)	0.73	(0.47)	2.68
PGBAX	0.12	0.04	(0.06)	10.99	0.00	(0.18)	0.25	(0.17)	0.67

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

2025 Macroaxis LLC