Lazard Emerging Correlations

Mutual Funds . USA . 
Fund . Lazard Emerging Markets
ECEIX Fund  USD 12.31  0.04  0.32%   
The current 90-days correlation between Lazard Emerging Markets and Boston Partners Longshort is 0.5 (i.e., Very weak 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 0.66 (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

  0.9OCMPX Lazard InternationalPairCorr
  0.9LZCOX Lazard Small MidPairCorr
  0.86LZFOX Lazard Equity FranchisePairCorr
  0.99LZEMX Lazard Emerging MarketsPairCorr
  0.95LZESX Lazard InternationalPairCorr
  0.87LZFIX Lazard Equity FranchisePairCorr
  0.97LZHYX Lazard Corporate IncomePairCorr
  0.96LZIEX Lazard InternationalPairCorr
  0.96LZIOX Lazard InternationalPairCorr
  0.97LZHOX 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
  0.9LZSCX Lazard Small MidPairCorr
  0.98LZUOX Lazard Strategic EquityPairCorr
  0.98LZUSX Lazard Strategic EquityPairCorr
  0.98LISIX Lazard InternationalPairCorr
  0.97LISOX Lazard InternationalPairCorr
  0.93SUSTX Lazard Sustainable EquityPairCorr
  0.93SUSLX Lazard Sustainable EquityPairCorr
  0.7UMNIX Lazard Short DurationPairCorr
  0.68UMNOX Lazard Short DurationPairCorr
  0.92RALIX Lazard Real AssetsPairCorr
  0.91RALOX Lazard Real AssetsPairCorr
  0.91RALYX Lazard Real AssetsPairCorr
  0.93RCMPX Lazard InternationalPairCorr
  0.77RUSRX Lazard Systematic SmallPairCorr
  1.0ECEOX Lazard Emerging MarketsPairCorr
  1.0READX Lazard Emerging MarketsPairCorr
  0.9GLFOX Lazard Global ListedPairCorr
  0.9GLIFX Lazard Global ListedPairCorr
  0.9ICMPX Lazard InternationalPairCorr
  0.97CONOX Lazard FundsPairCorr
  0.97CONIX Columbia Global TechPairCorr
  0.98LCAIX Lazard Capital AllocatorPairCorr

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.

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