Morgan Stanley Correlations

MSCMX Fund

USD 15.87 0.09 0.57%

The current 90-days correlation between Morgan Stanley Multi and T Rowe Price is 0.55 (i.e., Very weak 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

Good diversification

The correlation between Morgan Stanley Multi and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Morgan Stanley Multi 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 Multi. 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 state.

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

0.97	MMCGX	Mid Cap Growth	Pair Corr
0.97	MPAIX	Advantage Portfolio Class	Pair Corr
0.97	MPEGX	Mid Cap Growth	Pair Corr
0.97	MADSX	Msif Advantage Port	Pair Corr
0.88	MACGX	Mid Cap Growth	Pair Corr

Moving against Morgan Mutual Fund

0.49	TEMUX	Emerging Markets Equity	Pair Corr
0.41	TIIUX	Core Fixed Income	Pair Corr
0.41	TILUX	Inflation Linked Fixed	Pair Corr
0.37	MRHYX	Msift High Yield	Pair Corr
0.34	THYUX	High Yield Fund	Pair Corr
0.34	MPFDX	Corporate Bond Portfolio	Pair Corr
0.32	TIFUX	International Fixed	Pair Corr
0.32	TIEUX	International Equity	Pair Corr
0.31	DINDX	Global Fixed Income	Pair Corr
0.57	MSDQX	Morgan Stanley Susta	Pair Corr
0.56	MSDOX	Morgan Stanley Insti	Pair Corr
0.56	MSDUX	Morgan Stanley Insti	Pair Corr
0.54	MSDMX	Morgan Stanley Insti	Pair Corr
0.43	MSACX	Active International	Pair Corr
0.39	MSBQX	Morgan Stanley Insti	Pair Corr
0.39	MSBVX	Morgan Stanley Insti	Pair Corr
0.38	MSBWX	Morgan Stanley Insti	Pair Corr
0.36	MAIJX	Morgan Stanley Insti	Pair Corr
0.36	MAIHX	Morgan Stanley Insti	Pair Corr
0.36	MSAAX	Active International	Pair Corr

Related Correlations Analysis

	PLAAX	HNLVX	MAANX	AMONX	LBISX	RHSAX	JAAIX	TADGX
PLAAX		0.91	0.76	0.99	0.88	0.91	0.71	0.74	PLAAX
HNLVX	0.91		0.87	0.93	0.89	0.92	0.85	0.85	HNLVX
MAANX	0.76	0.87		0.83	0.86	0.79	0.91	0.98	MAANX
AMONX	0.99	0.93	0.83		0.91	0.9	0.77	0.8	AMONX
LBISX	0.88	0.89	0.86	0.91		0.83	0.82	0.86	LBISX
RHSAX	0.91	0.92	0.79	0.9	0.83		0.71	0.77	RHSAX
JAAIX	0.71	0.85	0.91	0.77	0.82	0.71		0.88	JAAIX
TADGX	0.74	0.85	0.98	0.8	0.86	0.77	0.88		TADGX
	PLAAX	HNLVX	MAANX	AMONX	LBISX	RHSAX	JAAIX	TADGX

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
PLAAX	1.30	0.47	0.31	(0.92)	0.63	(1.62)	1.99	(1.72)	37.01
HNLVX	1.02	0.48	0.58	2.10	0.00	(1.19)	1.29	(0.97)	26.68
MAANX	0.49	0.03	0.01	0.13	0.49	(0.54)	1.04	(1.04)	2.81
AMONX	1.27	0.49	0.39	1.13	0.46	(1.71)	1.76	(1.85)	33.19
LBISX	0.78	0.39	0.45	(2.60)	0.00	(1.04)	1.48	(1.07)	14.68
RHSAX	1.40	0.16	0.04	3.40	1.66	(1.56)	3.20	(2.66)	16.01
JAAIX	0.20	0.05	(0.13)	(30.93)	0.00	(0.23)	0.36	(0.36)	0.95
TADGX	0.51	0.03	0.01	0.12	0.51	(0.56)	0.98	(0.97)	3.17

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