Correlation Between Equity Growth and Lazard International
Can any of the company-specific risk be diversified away by investing in both Equity Growth and Lazard International at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Equity Growth and Lazard International into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Equity Growth Fund and Lazard International Strategic, you can compare the effects of market volatilities on Equity Growth and Lazard International and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Equity Growth with a short position of Lazard International. Check out your portfolio center. Please also check ongoing floating volatility patterns of Equity Growth and Lazard International.
Diversification Opportunities for Equity Growth and Lazard International
0.56 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Equity and Lazard is 0.56. Overlapping area represents the amount of risk that can be diversified away by holding Equity Growth Fund and Lazard International Strategic in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Lazard International and Equity Growth is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Equity Growth Fund are associated (or correlated) with Lazard International. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Lazard International has no effect on the direction of Equity Growth i.e., Equity Growth and Lazard International go up and down completely randomly.
Pair Corralation between Equity Growth and Lazard International
If you would invest 3,899 in Equity Growth Fund on September 1, 2025 and sell it today you would earn a total of 23.00 from holding Equity Growth Fund or generate 0.59% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Equity Growth Fund vs. Lazard International Strategic
Performance |
| Timeline |
| Equity Growth |
| Lazard International |
Equity Growth and Lazard International Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Equity Growth and Lazard International
The main advantage of trading using opposite Equity Growth and Lazard International positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Equity Growth position performs unexpectedly, Lazard International can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Lazard International will offset losses from the drop in Lazard International's long position.| Equity Growth vs. High Yield Fund A | Equity Growth vs. Janus High Yield Fund | Equity Growth vs. Tax Exempt High Yield | Equity Growth vs. Msift High Yield |
| Lazard International vs. Short Intermediate Bond Fund | Lazard International vs. Fidelity Short Term Treasury | Lazard International vs. Alpine Ultra Short | Lazard International vs. Astor Longshort Fund |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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