Lazard Us Correlations

RLCIX Fund

USD 18.82 0.01 0.05%

The current 90-days correlation between Lazard Corporate Income and Bbh Intermediate Municipal is 0.47 (i.e., Very weak diversification). The correlation of Lazard Us 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 Us Correlation With Market

Poor diversification

The correlation between Lazard Corporate Income and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard Corporate Income and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Lazard Corporate Income. 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 gross domestic product.

Moving together with Lazard Mutual Fund

0.88	BHYCX	Blackrock Hi Yld	Pair Corr
0.68	BHYIX	Blackrock High Yield	Pair Corr
0.89	BHYSX	Blackrock Hi Yld	Pair Corr
0.9	BHYAX	Blackrock High Yield	Pair Corr
0.72	AHTFX	American High Income	Pair Corr
0.91	AHTCX	American High Income	Pair Corr
0.92	AHITX	American High Income	Pair Corr
0.74	VWEHX	Vanguard High Yield	Pair Corr
0.71	VWEAX	Vanguard High Yield	Pair Corr
0.69	PHYZX	Prudential High Yield	Pair Corr
0.63	EKWDX	Wells Fargo Advantage	Pair Corr
0.69	PAUIX	Pimco All Asset	Pair Corr
0.66	FFOLX	Fidelity Freedom Index	Pair Corr
0.66	TRRVX	T Rowe Price	Pair Corr
0.65	RWICX	Capital World Growth	Pair Corr
0.79	HAVLX	Harbor Large Cap	Pair Corr
0.72	JHRNX	Retirement Living Through	Pair Corr
0.64	PQTNX	Pimco Trends Managed	Pair Corr
0.69	PAUPX	Pimco All Asset	Pair Corr
0.67	PATRX	Pimco All Asset	Pair Corr

Related Correlations Analysis

	RULFX	TFBIX	PATFX	FHYIX	BXHCX	PRVBX	BBINX
RULFX		0.81	0.67	0.8	0.93	0.73	0.89	RULFX
TFBIX	0.81		0.96	0.95	0.82	0.68	0.97	TFBIX
PATFX	0.67	0.96		0.92	0.69	0.56	0.9	PATFX
FHYIX	0.8	0.95	0.92		0.83	0.7	0.95	FHYIX
BXHCX	0.93	0.82	0.69	0.83		0.85	0.9	BXHCX
PRVBX	0.73	0.68	0.56	0.7	0.85		0.76	PRVBX
BBINX	0.89	0.97	0.9	0.95	0.9	0.76		BBINX
	RULFX	TFBIX	PATFX	FHYIX	BXHCX	PRVBX	BBINX

Risk-Adjusted Indicators

There is a big difference between Lazard Mutual Fund performing well and Lazard Us 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 Us' 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
RULFX	0.04	0.00	0.00	0.47	0.00	0.00	0.10	(0.10)	0.60
TFBIX	0.07	0.00	(0.48)	0.14	0.00	(0.14)	0.20	(0.10)	0.69
PATFX	0.09	0.00	(0.52)	0.10	0.02	(0.14)	0.27	(0.18)	0.90
FHYIX	0.08	0.00	(0.48)	(0.26)	0.00	(0.15)	0.22	(0.22)	0.66
BXHCX	0.12	0.02	(0.41)	1.33	0.00	(0.20)	0.25	(0.25)	0.86
PRVBX	0.07	0.00	(0.84)	0.03	0.00	(0.07)	0.15	(0.14)	0.36
BBINX	0.06	0.01	(0.64)	0.50	0.00	(0.15)	0.19	(0.10)	0.48

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Lazard Us Correlations

Lazard Us Correlation With Market

Poor diversification

Moving together with Lazard Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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