Lazard Global Total Return & Income Fund (LGI) Correlation Distribution
Across 6,809 rolling correlation observations between Lazard Global Total Return & Income Fund (LGI) and other NASDAQ-listed stocks, 76.5% are positive and 23.5% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.349, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 23.4% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,809
- Mean correlation
- 0.349
- Most common range
- 0.5 to 0.6
- Positive pairs
- 76.5%
- Strong positive (≥0.7)
- 23.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 8 | 0.1% | |
| -0.8 to -0.7 | 7 | 0.1% | |
| -0.7 to -0.6 | 62 | 0.9% | |
| -0.6 to -0.5 | 61 | 0.9% | |
| -0.5 to -0.4 | 213 | 3.1% | |
| -0.4 to -0.3 | 213 | 3.1% | |
| -0.3 to -0.2 | 358 | 5.3% | |
| -0.2 to -0.1 | 357 | 5.2% | |
| -0.1 to 0.0 | 320 | 4.7% | |
| 0.0 to 0.1 | 320 | 4.7% | |
| 0.1 to 0.2 | 365 | 5.4% | |
| 0.2 to 0.3 | 364 | 5.3% | |
| 0.3 to 0.4 | 507 | 7.4% | |
| 0.4 to 0.5 | 506 | 7.4% | |
| 0.5 to 0.6 | 777 | 11.4% | |
| 0.6 to 0.7 | 776 | 11.4% | |
| 0.7 to 0.8 | 737 | 10.8% | |
| 0.8 to 0.9 | 737 | 10.8% | |
| 0.9 to 1.0 | 121 | 1.8% |
Frequently asked questions
What is the average correlation of LGI?
Lazard Global Total Return & Income Fund (LGI) has an average correlation of about 0.349 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is LGI positively correlated with other stocks?
Mostly yes — 76.5% of pairs are positive and 23.5% are negative. Strong positive correlations (≥0.7) make up 23.4%.
What is the most common correlation range for LGI?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 30.6% of all pairs.
Explore the full interactive correlation distribution for LGI.
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