Lazard Emerging Correlations

Mutual Funds . USA . 
Fund . Lazard Emerging Markets
ECEIX Fund  USD 12.19  0.01  0.08%   
The current 90-days correlation between Lazard Emerging Markets and Amana Developing World is 0.79 (i.e., Poor diversification). The correlation of Lazard Emerging 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 Emerging Correlation With Market

Poor diversification

The correlation between Lazard Emerging Markets and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Lazard Emerging Markets. 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

  0.92OCMPX Lazard InternationalPairCorr
  0.92LZCOX Lazard Small MidPairCorr
  0.89LZFOX Lazard Equity FranchisePairCorr
  0.99LZEMX Lazard Emerging MarketsPairCorr
  0.95LZESX Lazard InternationalPairCorr
  0.89LZFIX Lazard Equity FranchisePairCorr
  0.98LZHYX Lazard Corporate IncomePairCorr
  0.97LZIEX Lazard InternationalPairCorr
  0.97LZIOX Lazard InternationalPairCorr
  0.98LZHOX Lazard Corporate IncomePairCorr
  0.97LZISX Lazard InternationalPairCorr
  0.99LZOEX Lazard Emerging MarketsPairCorr
  0.95LZSIX Lazard InternationalPairCorr
  0.97LZSMX Lazard InternationalPairCorr
  0.97GESIX Lazard Global EquityPairCorr
  0.97GESOX Lazard Global EquityPairCorr
  0.91LZSCX Lazard Small MidPairCorr
  0.99LZUOX Lazard Strategic EquityPairCorr
  0.99LZUSX Lazard Strategic EquityPairCorr
  0.98LISIX Lazard InternationalPairCorr
  0.97LISOX Lazard InternationalPairCorr
  0.97SUSTX Lazard Sustainable EquityPairCorr
  0.96SUSLX Lazard Sustainable EquityPairCorr
  0.78UMNIX Lazard Short DurationPairCorr
  0.77UMNOX Lazard Short DurationPairCorr
  0.93RALIX Lazard Real AssetsPairCorr
  0.92RALOX Lazard Real AssetsPairCorr
  0.92RALYX Lazard Real AssetsPairCorr
  0.94RCMPX Lazard InternationalPairCorr
  0.84RUSRX Lazard Systematic SmallPairCorr
  1.0ECEOX Lazard Emerging MarketsPairCorr
  1.0READX Lazard Emerging MarketsPairCorr
  0.91GLFOX Lazard Global ListedPairCorr
  0.91GLIFX Lazard Global ListedPairCorr
  0.94ICMPX Lazard InternationalPairCorr
  0.87IEAIX Lazard InternationalPairCorr
  0.98CONOX Lazard FundsPairCorr
  0.98CONIX Columbia Global TechPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Lazard Mutual Fund performing well and Lazard Emerging 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 Emerging's 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AMDWX  0.45  0.07 (0.02) 0.31  0.35 
(0.53)
 1.32 
(0.91)
 3.11 
EAEMX  0.36  0.20  0.11 (8.22) 0.00 
(0.45)
 1.06 
(0.71)
 3.02 
OCMPX  0.55  0.16  0.01 (1.52) 0.51 
(0.60)
 1.23 
(1.22)
 3.81 
LZCOX  1.02  0.03  0.04  0.16  1.08 
(1.13)
 2.37 
(1.93)
 7.55 
LZFOX  0.55  0.11 (0.04)(1.14) 0.61 
(0.63)
 1.28 
(1.05)
 3.65 
LZEMX  0.48  0.19  0.18  0.58  0.00 
(0.56)
 1.54 
(0.70)
 4.03 
LZESX  0.53  0.19  0.07 (5.47) 0.37 
(0.62)
 1.08 
(1.13)
 3.44 
LZFIX  0.55  0.12 (0.04)(1.06) 0.61 
(0.62)
 1.28 
(1.05)
 3.75 
LZHYX  0.15  0.05 (0.35) 0.49  0.00 
(0.21)
 0.56 
(0.17)
 1.17 
LZIEX  0.53  0.12  0.06  0.39  0.34 
(0.61)
 1.22 
(1.05)
 3.25 

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