Morgan Stanley Correlations

MAIHX Fund

USD 15.73 0.02 0.13%

The current 90-days correlation between Morgan Stanley Insti and Franklin Adjustable Government is 0.21 (i.e., Modest 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

Average diversification

The correlation between Morgan Stanley Institutional and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Morgan Stanley Institutional and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Morgan Stanley Institutional. 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 rate.

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

0.89	TEMUX	Emerging Markets Equity	Pair Corr
0.84	MMKBX	Emerging Markets Por	Pair Corr
0.9	MMMPX	Msif Emerging Markets	Pair Corr
0.66	TIFUX	International Fixed	Pair Corr
0.93	TIEUX	International Equity	Pair Corr
0.86	TIIUX	Core Fixed Income	Pair Corr
0.9	TILUX	Inflation Linked Fixed	Pair Corr
0.86	MPBAX	Global Strategist	Pair Corr
0.8	MPFDX	Corporate Bond Portfolio	Pair Corr
0.85	MRGEX	Msif Emerging Markets	Pair Corr
0.89	MRJCX	Real Assets Portfolio	Pair Corr
0.91	MRJAX	Real Assets Portfolio	Pair Corr
0.89	MRJIX	Real Assets Portfolio	Pair Corr
0.89	MRJSX	Real Assets Portfolio	Pair Corr
0.84	MAAQX	Morgan Stanley Insti	Pair Corr
0.82	MAAUX	Morgan Stanley Insti	Pair Corr
0.84	MAADX	Morgan Stanley Insti	Pair Corr
0.84	MAAOX	Morgan Stanley Insti	Pair Corr

Moving against Morgan Mutual Fund

0.65	MPAIX	Advantage Portfolio Class	Pair Corr
0.64	MMCGX	Mid Cap Growth	Pair Corr
0.64	MPEGX	Mid Cap Growth	Pair Corr
0.36	TLGUX	Large Cap Equity	Pair Corr
0.66	MSCMX	Morgan Stanley Multi	Pair Corr
0.65	MADSX	Msif Advantage Port	Pair Corr
0.65	MAPPX	Advantage Portfolio Class	Pair Corr
0.63	MACGX	Mid Cap Growth	Pair Corr

Related Correlations Analysis

	FCSCX	RYAQX	TIMTX	BBINX	LOISX	GCMVX	FCMAX
FCSCX		-0.27	0.54	0.57	0.56	0.58	0.55	FCSCX
RYAQX	-0.27		-0.08	-0.23	-0.18	-0.23	-0.26	RYAQX
TIMTX	0.54	-0.08		0.97	0.91	0.97	0.91	TIMTX
BBINX	0.57	-0.23	0.97		0.91	0.99	0.93	BBINX
LOISX	0.56	-0.18	0.91	0.91		0.93	0.98	LOISX
GCMVX	0.58	-0.23	0.97	0.99	0.93		0.94	GCMVX
FCMAX	0.55	-0.26	0.91	0.93	0.98	0.94		FCMAX
	FCSCX	RYAQX	TIMTX	BBINX	LOISX	GCMVX	FCMAX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

GCMVX	+ 0.99	BBINX
FCMAX	+ 0.98	LOISX
BBINX	+ 0.97	TIMTX
GCMVX	+ 0.97	TIMTX
FCMAX	+ 0.94	GCMVX
FCMAX	+ 0.93	BBINX

High negative correlations

RYAQX	- 0.27	FCSCX
FCMAX	- 0.26	RYAQX
GCMVX	- 0.23	RYAQX
BBINX	- 0.23	RYAQX
LOISX	- 0.18	RYAQX
TIMTX	- 0.08	RYAQX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FCSCX	0.04	(0.02)	0.00	2.53	0.00	0.00	0.13	(0.13)	0.53
RYAQX	0.71	0.05	0.04	(1.05)	1.31	(0.79)	1.52	(1.27)	9.56
TIMTX	0.18	(0.03)	0.00	(0.67)	0.00	0.00	0.37	(0.37)	1.49
BBINX	0.14	(0.03)	0.00	(0.76)	0.00	0.00	0.29	(0.29)	1.27
LOISX	0.15	(0.03)	0.00	(2.31)	0.00	0.00	0.29	(0.39)	1.27
GCMVX	0.12	(0.03)	0.00	(1.11)	0.00	0.00	0.20	(0.30)	0.90
FCMAX	0.20	(0.04)	0.00	(1.55)	0.00	0.00	0.33	(0.48)	1.64

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