Correlation Between Janus Henderson and Lazard Emerging
Can any of the company-specific risk be diversified away by investing in both Janus Henderson 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 Janus Henderson and Lazard Emerging into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Janus Henderson Global and Lazard Emerging Markets, you can compare the effects of market volatilities on Janus Henderson 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 Janus Henderson with a short position of Lazard Emerging. Check out your portfolio center. Please also check ongoing floating volatility patterns of Janus Henderson and Lazard Emerging.
Diversification Opportunities for Janus Henderson and Lazard Emerging
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Janus and Lazard is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Janus Henderson Global 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 Janus Henderson 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 Janus Henderson Global 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 Janus Henderson i.e., Janus Henderson and Lazard Emerging go up and down completely randomly.
Pair Corralation between Janus Henderson and Lazard Emerging
If you would invest 1,790 in Janus Henderson Global on October 9, 2025 and sell it today you would lose (2.00) from holding Janus Henderson Global or give up 0.11% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Janus Henderson Global vs. Lazard Emerging Markets
Performance |
| Timeline |
| Janus Henderson Global |
| Lazard Emerging Markets |
Risk-Adjusted Performance
Weakest
Weak | Strong |
Janus Henderson and Lazard Emerging Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Janus Henderson and Lazard Emerging
The main advantage of trading using opposite Janus Henderson and Lazard Emerging positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Janus Henderson 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.| Janus Henderson vs. Janus Henderson Global | Janus Henderson vs. Janus Henderson Global | Janus Henderson vs. Alpine Global Infrastructure | Janus Henderson vs. Fiera Capital Global |
| Lazard Emerging vs. International Portfolio International | Lazard Emerging vs. Amg Managers Cadence | Lazard Emerging vs. Prudential Jennison Global | Lazard Emerging vs. Janus Henderson Global |
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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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