Correlation Between Us Targeted and Lazard Emerging
Can any of the company-specific risk be diversified away by investing in both Us Targeted and Lazard Emerging 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 Us Targeted and Lazard Emerging into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Us Targeted Value and Lazard Emerging Markets, you can compare the effects of market volatilities on Us Targeted and Lazard Emerging 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 Us Targeted with a short position of Lazard Emerging. Check out your portfolio center. Please also check ongoing floating volatility patterns of Us Targeted and Lazard Emerging.
Diversification Opportunities for Us Targeted and Lazard Emerging
-0.4 | Correlation Coefficient |
Very good diversification
The 3 months correlation between DFFVX and Lazard is -0.4. Overlapping area represents the amount of risk that can be diversified away by holding Us Targeted Value and Lazard Emerging Markets in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Lazard Emerging Markets and Us Targeted 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 Us Targeted Value are associated (or correlated) with Lazard Emerging. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Lazard Emerging Markets has no effect on the direction of Us Targeted i.e., Us Targeted and Lazard Emerging go up and down completely randomly.
Pair Corralation between Us Targeted and Lazard Emerging
Assuming the 90 days horizon Us Targeted Value is expected to under-perform the Lazard Emerging. In addition to that, Us Targeted is 1.47 times more volatile than Lazard Emerging Markets. It trades about -0.07 of its total potential returns per unit of risk. Lazard Emerging Markets is currently generating about 0.21 per unit of volatility. If you would invest 2,235 in Lazard Emerging Markets on August 22, 2025 and sell it today you would earn a total of 199.00 from holding Lazard Emerging Markets or generate 8.9% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Us Targeted Value vs. Lazard Emerging Markets
Performance |
| Timeline |
| Us Targeted Value |
| Lazard Emerging Markets |
Us Targeted and Lazard Emerging Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Us Targeted and Lazard Emerging
The main advantage of trading using opposite Us Targeted and Lazard Emerging positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Us Targeted position performs unexpectedly, Lazard Emerging 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 Emerging will offset losses from the drop in Lazard Emerging's long position.| Us Targeted vs. Us Large Pany | Us Targeted vs. Us Small Cap | Us Targeted vs. Dfa International Small | Us Targeted vs. Lazard Emerging Markets |
| Lazard Emerging vs. Lazard Emerging Markets | Lazard Emerging vs. Templeton Growth Fund | Lazard Emerging vs. International Small Pany | Lazard Emerging vs. Us Targeted Value |
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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Other Complementary Tools
| Transaction History View history of all your transactions and understand their impact on performance | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk |