Msif International Correlations

MRNPX Fund

USD 29.42 0.04 0.14%

The current 90-days correlation between Msif International and Barings Global Floating is -0.08 (i.e., Good diversification). The correlation of Msif International 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 International Correlation With Market

Very weak diversification

The correlation between Msif International Opportunity 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 Msif International Opportunity 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 International Opportunity. 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 american community survey.

Moving together with Msif Mutual Fund

0.81	TEMUX	Emerging Markets Equity	Pair Corr
0.71	MLMCX	Global E Portfolio	Pair Corr
0.71	MLNSX	Global Centrated Por	Pair Corr
0.76	MLMIX	Global E Portfolio	Pair Corr
0.71	MLMSX	Global E Portfolio	Pair Corr
0.71	MLNCX	Global Centrated Por	Pair Corr
0.71	MLNAX	Global Centrated Por	Pair Corr
0.67	MLNIX	Global Centrated Por	Pair Corr
0.63	MMCGX	Mid Cap Growth Steady Growth	Pair Corr
0.75	MMKBX	Emerging Markets Por	Pair Corr
0.78	MMMPX	Msif Emerging Markets	Pair Corr
1.0	MNOPX	International Opportunity	Pair Corr
0.78	THYUX	High Yield Fund	Pair Corr
0.63	MPEGX	Mid Cap Growth Steady Growth	Pair Corr
0.77	TLGUX	Large Cap Equity	Pair Corr
0.63	MRGOX	Msif Global Infrastr	Pair Corr
0.76	MRGEX	Msif Emerging Markets	Pair Corr
0.79	MRHYX	Msift High Yield	Pair Corr
0.65	MRLAX	Global Real Estate	Pair Corr
0.66	MAAQX	Morgan Stanley Insti	Pair Corr
0.66	MAAUX	Morgan Stanley Insti	Pair Corr
0.63	MACGX	Mid Cap Growth Steady Growth	Pair Corr

Moving against Msif Mutual Fund

0.45	TIIUX	Core Fixed Income	Pair Corr
0.33	MPFDX	Corporate Bond Portfolio	Pair Corr
0.37	MSBOX	Corporate Bond Portfolio	Pair Corr

Related Correlations Analysis

	BXFIX	MFIRX	DODWX	APDPX	HRLFX	NGJCX	KGLCX	ANAZX
BXFIX		0.33	0.4	0.92	-0.11	-0.46	0.79	-0.49	BXFIX
MFIRX	0.33		0.42	0.13	0.38	0.57	0.04	0.56	MFIRX
DODWX	0.4	0.42		0.32	0.69	0.1	0.15	-0.01	DODWX
APDPX	0.92	0.13	0.32		-0.18	-0.64	0.9	-0.72	APDPX
HRLFX	-0.11	0.38	0.69	-0.18		0.5	-0.32	0.36	HRLFX
NGJCX	-0.46	0.57	0.1	-0.64	0.5		-0.71	0.89	NGJCX
KGLCX	0.79	0.04	0.15	0.9	-0.32	-0.71		-0.72	KGLCX
ANAZX	-0.49	0.56	-0.01	-0.72	0.36	0.89	-0.72		ANAZX
	BXFIX	MFIRX	DODWX	APDPX	HRLFX	NGJCX	KGLCX	ANAZX

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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

APDPX	+ 0.92	BXFIX
KGLCX	+ 0.9	APDPX
ANAZX	+ 0.89	NGJCX
KGLCX	+ 0.79	BXFIX
HRLFX	+ 0.69	DODWX
NGJCX	+ 0.57	MFIRX

High negative correlations

ANAZX	- 0.72	KGLCX
ANAZX	- 0.72	APDPX
KGLCX	- 0.71	NGJCX
NGJCX	- 0.64	APDPX
ANAZX	- 0.49	BXFIX
NGJCX	- 0.46	BXFIX

Risk-Adjusted Indicators

There is a big difference between Msif Mutual Fund performing well and Msif International 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 International'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
BXFIX	0.07	0.03	0.00	2.18	0.00	0.00	0.12	(0.11)	0.81
MFIRX	0.09	0.00	(0.42)	0.20	0.00	(0.23)	0.19	(0.19)	0.76
DODWX	0.53	0.01	(0.15)	0.04	0.68	(0.57)	1.08	(1.09)	3.17
APDPX	0.09	0.04	(0.55)	(7.80)	0.00	(0.14)	0.20	(0.10)	0.40
HRLFX	0.44	(0.05)	0.00	(0.08)	0.00	0.00	0.90	(0.99)	2.90
NGJCX	0.55	(0.04)	0.00	(0.08)	0.00	0.00	1.16	(1.19)	3.67
KGLCX	0.97	0.36	0.42	0.42	0.16	(1.21)	2.98	(1.04)	5.72
ANAZX	0.18	(0.02)	0.00	(2.33)	0.00	0.00	0.29	(0.29)	1.01

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