Lazard Global Correlations

GESIX Fund

USD 18.39 0.05 0.27%

The current 90-days correlation between Lazard Global Equity and Lazard International Quality is 0.08 (i.e., Significant diversification). The correlation of Lazard Global 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 Global Correlation With Market

Good diversification

The correlation between Lazard Global Equity and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard Global Equity and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Lazard Global Equity. 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

0.84	OCMPX	Lazard International	Pair Corr
0.65	LZESX	Lazard International	Pair Corr
0.68	LZHYX	Lazard Corporate Income	Pair Corr
0.75	LZSIX	Lazard International	Pair Corr
1.0	GESOX	Lazard Global Equity	Pair Corr
0.92	LZSCX	Lazard Small Mid	Pair Corr
0.99	LZUSX	Lazard Strategic Equity	Pair Corr
0.99	SUSTX	Lazard Sustainable Equity	Pair Corr
0.99	SUSLX	Lazard Sustainable Equity	Pair Corr
0.86	RCMPX	Lazard International	Pair Corr
0.92	RUSRX	Lazard Systematic Small	Pair Corr
0.77	ECEOX	Lazard Emerging Markets	Pair Corr
0.67	ECEIX	Lazard Emerging Markets	Pair Corr
0.74	READX	Lazard Emerging Markets	Pair Corr
0.86	ICMPX	Lazard International	Pair Corr
0.7	IEAIX	Lazard International	Pair Corr
0.78	CONOX	Lazard Funds	Pair Corr
0.84	LCAIX	Lazard Capital Allocator	Pair Corr
0.84	LCAOX	Lazard Capital Allocator	Pair Corr
0.97	LUSIX	Lazard Funds	Pair Corr
0.92	LUSOX	Lazard Funds	Pair Corr
0.91	LDMOX	Lazard Developing Markets	Pair Corr

Moving against Lazard Mutual Fund

0.77	UMNOX	Lazard Short Duration	Pair Corr
0.75	UMNIX	Lazard Short Duration	Pair Corr

Related Correlations Analysis

	OCMPX	LZCOX	LZFOX	LZEMX	LZESX	LZFIX	LZHYX	LZIEX	LZIOX	LZHOX
OCMPX		0.74	0.5	0.63	0.7	0.5	0.77	0.64	0.64	0.78	OCMPX
LZCOX	0.74		0.1	0.44	0.6	0.1	0.6	0.37	0.38	0.61	LZCOX
LZFOX	0.5	0.1		0.81	0.71	1.0	0.72	0.89	0.89	0.71	LZFOX
LZEMX	0.63	0.44	0.81		0.93	0.8	0.89	0.91	0.91	0.88	LZEMX
LZESX	0.7	0.6	0.71	0.93		0.71	0.93	0.89	0.89	0.93	LZESX
LZFIX	0.5	0.1	1.0	0.8	0.71		0.72	0.89	0.89	0.71	LZFIX
LZHYX	0.77	0.6	0.72	0.89	0.93	0.72		0.86	0.86	1.0	LZHYX
LZIEX	0.64	0.37	0.89	0.91	0.89	0.89	0.86		1.0	0.85	LZIEX
LZIOX	0.64	0.38	0.89	0.91	0.89	0.89	0.86	1.0		0.85	LZIOX
LZHOX	0.78	0.61	0.71	0.88	0.93	0.71	1.0	0.85	0.85		LZHOX
	OCMPX	LZCOX	LZFOX	LZEMX	LZESX	LZFIX	LZHYX	LZIEX	LZIOX	LZHOX

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Risk-Adjusted Indicators

There is a big difference between Lazard Mutual Fund performing well and Lazard Global 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 Global'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
OCMPX	0.84	0.02	0.07	(0.61)	1.43	(0.77)	1.61	(2.09)	6.56
LZCOX	1.63	(0.08)	0.00	(0.14)	0.00	0.00	2.49	(3.14)	15.33
LZFOX	0.73	0.13	0.13	0.18	1.09	(0.81)	1.46	(1.13)	5.98
LZEMX	0.84	0.10	0.13	0.74	1.16	(0.92)	1.81	(1.72)	6.64
LZESX	0.85	0.07	0.08	0.26	1.49	(0.83)	2.03	(1.98)	8.16
LZFIX	0.76	0.13	0.14	0.19	1.10	(0.84)	1.45	(1.24)	5.87
LZHYX	0.26	0.02	0.20	0.27	0.41	(0.25)	0.50	(0.56)	1.80
LZIEX	0.84	0.15	0.12	0.20	1.30	(0.91)	1.79	(1.69)	8.35
LZIOX	0.84	0.15	0.12	0.19	1.31	(0.91)	1.81	(1.66)	8.33
LZHOX	0.25	0.02	0.19	0.25	0.39	(0.26)	0.45	(0.56)	1.68

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