The film 'The Shadow' does not include any explicit LGBTQ+ characters or themes. Its narrative focuses on the titular hero's fight against crime and his personal struggles, without engaging with queer identity in any capacity, resulting in no discernible portrayal.

The film 'The Shadow' (1994) is a superhero action movie centered on Lamont Cranston's fight against a powerful villain. There are no identifiable transsexual characters or themes present in the narrative, resulting in no depiction to evaluate.

The film features Margo Lane, whose primary abilities are psychic. She does not engage in or win close-quarters physical combat against male opponents. No other female characters participate in such combat.

The 1994 film adaptation of The Shadow retains the established genders for all major characters from the original pulp magazines and radio dramas. No canonical male or female characters were portrayed as a different gender.

Analysis of the 1994 film "The Shadow" reveals no instances where a character, canonically established as one race in the source material, was portrayed by an actor of a different race. Key characters' portrayals align with their original depictions.