Morgan Stanley Correlations

Mutual Funds . USA . 
Fund . Morgan Stanley European
EUGCX Fund  USD 22.55  0.20  0.89%   
The current 90-days correlation between Morgan Stanley European and Vanguard European Stock is 0.87 (i.e., Very poor diversification). The correlation of Morgan Stanley 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.

Morgan Stanley Correlation With Market

Very weak diversification

The correlation between Morgan Stanley European and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Morgan Stanley European 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 Morgan Stanley European. 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 main economic indicators.
For more information on how to buy Morgan Mutual Fund please use our How to Invest in Morgan Stanley guide.

Moving together with Morgan Mutual Fund

  0.75TEMUX Emerging Markets Equity Potential GrowthPairCorr
  0.8MMKBX Emerging Markets PorPairCorr
  0.79MMMPX Msif Emerging MarketsPairCorr
  0.76TIEUX International EquityPairCorr
  0.77MPBAX Global StrategistPairCorr
  0.79MRGEX Msif Emerging MarketsPairCorr
  0.77MRJCX Real Assets PortfolioPairCorr
  0.77MRJAX Real Assets PortfolioPairCorr
  0.77MRJIX Real Assets PortfolioPairCorr
  0.77MRJSX Real Assets PortfolioPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Morgan Mutual Fund performing well and Morgan Stanley 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 Morgan Stanley'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY