Msif Emerging Correlations

MMMPX Fund

USD 15.07 0.15 0.99%

The current 90-days correlation between Msif Emerging Markets and Cref Money Market is 0.12 (i.e., Average diversification). The correlation of Msif Emerging 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.

Msif Emerging Correlation With Market

Pay attention - limited upside

The correlation between Msif Emerging Markets and DJI is -0.75 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Msif Emerging Markets 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 Msif Emerging Markets. 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 persons.

Moving together with Msif Mutual Fund

0.97

MMKBX

Emerging Markets Por

Pair Corr

Moving against Msif Mutual Fund

0.87	TIEUX	International Equity	Pair Corr
0.87	MPBAX	Global Strategist	Pair Corr
0.86	MLMIX	Global E Portfolio	Pair Corr
0.86	MLMSX	Global E Portfolio	Pair Corr
0.85	MLMCX	Global E Portfolio	Pair Corr
0.84	MLMAX	Global E Portfolio	Pair Corr
0.83	MRHYX	Msift High Yield	Pair Corr
0.8	MLNSX	Global Centrated Por	Pair Corr
0.8	MLNCX	Global Centrated Por	Pair Corr
0.8	MLNIX	Global Centrated Por	Pair Corr
0.79	MLNAX	Global Centrated Por	Pair Corr
0.76	THYUX	High Yield Fund	Pair Corr
0.72	TIIUX	Core Fixed Income	Pair Corr
0.66	MPFDX	Corporate Bond Portfolio	Pair Corr
0.64	TEMUX	Emerging Markets Equity	Pair Corr
0.39	DINDX	Global Fixed Income	Pair Corr
0.98	MSFLX	Global Franchise Por	Pair Corr
0.98	MSGFX	Global Franchise Por	Pair Corr
0.93	MAIJX	Morgan Stanley Insti	Pair Corr
0.93	MAIHX	Morgan Stanley Insti	Pair Corr
0.93	MSAAX	Active International	Pair Corr
0.88	MSDFX	Morgan Stanley Insti	Pair Corr
0.87	MSDLX	Global Strategist	Pair Corr
0.85	MSDEX	Morgan Stanley Insti	Pair Corr
0.72	MSACX	Active International	Pair Corr
0.71	MSDMX	Morgan Stanley Insti	Pair Corr
0.64	MSDQX	Morgan Stanley Susta	Pair Corr
0.51	MSBOX	Corporate Bond Portfolio	Pair Corr
0.49	MSBQX	Morgan Stanley Insti	Pair Corr
0.46	MSBWX	Morgan Stanley Insti	Pair Corr

Related Correlations Analysis

	DSHXX	SMAAX	TERXX	PAELX	FZBXX	IATXX	QCMMIX
DSHXX		0.0	0.0	0.0	0.0	0.0	0.0	DSHXX
SMAAX	0.0		0.0	0.92	0.0	0.0	0.91	SMAAX
TERXX	0.0	0.0		0.0	0.0	0.0	0.0	TERXX
PAELX	0.0	0.92	0.0		0.0	0.0	0.94	PAELX
FZBXX	0.0	0.0	0.0	0.0		0.0	0.0	FZBXX
IATXX	0.0	0.0	0.0	0.0	0.0		0.0	IATXX
QCMMIX	0.0	0.91	0.0	0.94	0.0	0.0		QCMMIX
	DSHXX	SMAAX	TERXX	PAELX	FZBXX	IATXX	QCMMIX

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

QCMMIX	+ 0.94	PAELX
PAELX	+ 0.92	SMAAX
QCMMIX	+ 0.91	SMAAX
SMAAX	+ 0.0	DSHXX
TERXX	+ 0.0	DSHXX
PAELX	+ 0.0	DSHXX

High negative correlations

QCMMIX	- 0.0	IATXX
QCMMIX	- 0.0	FZBXX
IATXX	- 0.0	FZBXX
IATXX	- 0.0	PAELX
FZBXX	- 0.0	PAELX
QCMMIX	- 0.0	TERXX

Risk-Adjusted Indicators

There is a big difference between Msif Mutual Fund performing well and Msif Emerging 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 Msif Emerging'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
DSHXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SMAAX	0.07	0.02	(0.16)	1.68	0.00	(0.13)	0.20	(0.10)	0.48
TERXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PAELX	0.24	0.05	0.06	0.48	0.07	(0.33)	0.58	(0.40)	1.75
FZBXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IATXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
QCMMIX	0.02	0.00	0.00	0.00	0.00	0.00	0.03	0.00	0.03

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