Morgan Stanley Correlations

MS-PL Preferred Stock

USD 21.05 0.03 0.14%

The current 90-days correlation between Morgan Stanley and Charles Schwab Corp is 0.3 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Morgan Stanley moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Morgan Stanley moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Morgan Stanley Correlation With Market

Very weak diversification

The correlation between Morgan Stanley and DJI is 0.43 (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 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Morgan Stanley could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Morgan Stanley when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Morgan Stanley - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Morgan Stanley to buy it.

Moving together with Morgan Preferred Stock

0.87	IBKR	Interactive Brokers	Pair Corr
0.75	GS-PA	Goldman Sachs	Pair Corr
0.71	MS-PA	Morgan Stanley	Pair Corr
0.81	GS-PD	Goldman Sachs	Pair Corr
0.78	CW	Curtiss Wright	Pair Corr
0.66	MSBHF	Mitsubishi Corp Earnings Call This Week	Pair Corr
0.66	UMICY	Umicore SA ADR	Pair Corr
0.69	BAESF	BAE Systems PLC	Pair Corr

Moving against Morgan Preferred Stock

0.54	CNND	Canandaigua National	Pair Corr
0.32	494368BW2	KIMBERLY CLARK P	Pair Corr

Related Correlations Analysis

	SCHW	RJF	STT	ACGL	CRCL	HIG	HBAN	SOFI
SCHW		0.76	0.67	0.11	0.13	-0.08	0.56	-0.39	SCHW
RJF	0.76		0.83	0.24	-0.17	0.02	0.74	-0.18	RJF
STT	0.67	0.83		0.6	-0.38	0.47	0.93	-0.19	STT
ACGL	0.11	0.24	0.6		-0.78	0.92	0.7	-0.05	ACGL
CRCL	0.13	-0.17	-0.38	-0.78		-0.7	-0.52	0.05	CRCL
HIG	-0.08	0.02	0.47	0.92	-0.7		0.55	0.1	HIG
HBAN	0.56	0.74	0.93	0.7	-0.52	0.55		-0.22	HBAN
SOFI	-0.39	-0.18	-0.19	-0.05	0.05	0.1	-0.22		SOFI
	SCHW	RJF	STT	ACGL	CRCL	HIG	HBAN	SOFI

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

HBAN	+ 0.93	STT
HIG	+ 0.92	ACGL
STT	+ 0.83	RJF
RJF	+ 0.76	SCHW
HBAN	+ 0.74	RJF
HBAN	+ 0.7	ACGL

High negative correlations

CRCL	- 0.78	ACGL
HIG	- 0.7	CRCL
HBAN	- 0.52	CRCL
SOFI	- 0.39	SCHW
CRCL	- 0.38	STT
SOFI	- 0.22	HBAN

Risk-Adjusted Indicators

There is a big difference between Morgan Preferred Stock performing well and Morgan Stanley Company 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
SCHW	0.96	0.10	0.07	0.16	1.15	(0.99)	2.09	(2.32)	5.35
RJF	1.05	0.00	0.00	0.05	1.33	(1.11)	2.22	(2.20)	5.52
STT	1.04	0.14	0.07	0.16	1.70	(0.98)	1.85	(2.12)	9.12
ACGL	0.80	0.13	0.09	2.12	0.84	(0.90)	1.82	(1.42)	4.71
CRCL	3.83	(0.82)	0.00	(0.59)	0.00	0.00	9.39	(9.60)	21.59
HIG	0.78	0.07	0.04	0.29	0.85	(0.79)	1.96	(1.52)	6.38
HBAN	1.14	0.08	0.04	0.14	1.57	(1.13)	2.86	(2.40)	10.36
SOFI	2.83	(0.37)	0.00	(0.10)	0.00	0.00	4.89	(6.77)	20.12

Be your own money manager

Our tools can tell you how much better you can do entering a position in Morgan Stanley without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Morgan Stanley Corporate Management

Andrew Saperstein	CoPres Management	Profile
James Gorman	Chairman CEO	Profile
Sharon Yeshaya	Ex CFO	Profile
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