| MIOLX Fund | | | USD 26.53 0.03 0.11% |
The current 90-days correlation between Morgan Stanley Insti and Global Opportunity Portfolio is 0.86 (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 Insti and DJI is 0.44 (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 Insti 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 Insti. 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 bureau of economic analysis.
For more information on how to buy Morgan Mutual Fund please use our
How to Invest in Morgan Stanley guide.