Lazard Us Correlations

RUSRX Fund

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The current 90-days correlation between Lazard Systematic Small and Lazard International Quality is -0.29 (i.e., Very good 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

Good diversification

The correlation between Lazard Systematic Small and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard Systematic Small 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 Systematic Small. 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 real.

Related Correlations Analysis

	OCMPX	LZCOX	LZFOX	LZEMX	LZESX	LZFIX	LZHYX	LZIEX	LZIOX	LZHOX
OCMPX		0.6	0.25	0.55	0.82	0.25	0.39	0.7	0.7	0.4	OCMPX
LZCOX	0.6		0.29	0.8	0.63	0.3	0.69	0.64	0.64	0.7	LZCOX
LZFOX	0.25	0.29		-0.18	-0.12	1.0	-0.3	-0.25	-0.25	-0.29	LZFOX
LZEMX	0.55	0.8	-0.18		0.84	-0.18	0.93	0.89	0.89	0.94	LZEMX
LZESX	0.82	0.63	-0.12	0.84		-0.12	0.73	0.96	0.96	0.74	LZESX
LZFIX	0.25	0.3	1.0	-0.18	-0.12		-0.3	-0.24	-0.24	-0.29	LZFIX
LZHYX	0.39	0.69	-0.3	0.93	0.73	-0.3		0.83	0.83	1.0	LZHYX
LZIEX	0.7	0.64	-0.25	0.89	0.96	-0.24	0.83		1.0	0.83	LZIEX
LZIOX	0.7	0.64	-0.25	0.89	0.96	-0.24	0.83	1.0		0.83	LZIOX
LZHOX	0.4	0.7	-0.29	0.94	0.74	-0.29	1.0	0.83	0.83		LZHOX
	OCMPX	LZCOX	LZFOX	LZEMX	LZESX	LZFIX	LZHYX	LZIEX	LZIOX	LZHOX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

LZFIX	+ 1.0	LZFOX
LZHOX	+ 1.0	LZHYX
LZIOX	+ 1.0	LZIEX
LZIEX	+ 0.96	LZESX
LZIOX	+ 0.96	LZESX
LZHOX	+ 0.94	LZEMX

High negative correlations

LZHYX	- 0.3	LZFIX
LZHYX	- 0.3	LZFOX
LZHOX	- 0.29	LZFIX
LZHOX	- 0.29	LZFOX
LZIOX	- 0.25	LZFOX
LZIEX	- 0.25	LZFOX

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
OCMPX	0.57	(0.07)	(0.11)	0.02	0.77	(0.55)	1.23	(1.30)	2.78
LZCOX	1.00	(0.09)	(0.03)	0.05	1.25	(1.06)	2.06	(1.90)	7.50
LZFOX	0.74	(0.18)	0.00	(0.08)	0.00	0.00	1.45	(1.68)	7.13
LZEMX	0.52	0.06	0.01	0.21	0.44	(0.59)	1.36	(1.09)	4.03
LZESX	0.58	(0.04)	(0.09)	0.07	0.64	(0.65)	1.34	(1.15)	3.56
LZFIX	0.74	(0.18)	0.00	(0.07)	0.00	0.00	1.44	(1.68)	7.01
LZHYX	0.12	0.04	(0.53)	0.44	0.00	(0.17)	0.43	(0.16)	0.82
LZIEX	0.61	(0.02)	(0.06)	0.09	0.61	(0.68)	1.22	(1.20)	3.74
LZIOX	0.61	(0.02)	(0.06)	0.09	0.61	(0.68)	1.20	(1.23)	3.64
LZHOX	0.12	0.04	(0.55)	0.49	0.00	(0.18)	0.39	(0.16)	0.78

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