Morgan Stanley Correlations

MSCZX Fund

12.43 0.04 0.32%

The current 90-days correlation between Morgan Stanley Insti and Emerging Markets Equity is 0.52 (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

Modest diversification

The correlation between Morgan Stanley Institutional and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Morgan Stanley Institutional 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 Institutional. 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 nation.

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

0.81	MMCGX	Mid Cap Growth	Pair Corr
0.86	MNOPX	International Opportunity	Pair Corr
0.79	MPAIX	Advantage Portfolio Class	Pair Corr
0.81	MPEGX	Mid Cap Growth	Pair Corr
0.86	MRNPX	Msif International	Pair Corr
0.79	MADSX	Msif Advantage Port	Pair Corr
0.77	MACGX	Mid Cap Growth	Pair Corr
0.66	MAIJX	Morgan Stanley Insti	Pair Corr
0.66	MAIHX	Morgan Stanley Insti	Pair Corr
0.79	MSBWX	Morgan Stanley Insti	Pair Corr
0.8	MSBVX	Morgan Stanley Insti	Pair Corr
0.62	MSALX	International Advantage	Pair Corr
0.87	MSAQX	Asia Opportunity Por	Pair Corr
0.88	MSAWX	Asia Opportunity Por	Pair Corr
0.83	MSAUX	Asia Opportunity Por	Pair Corr

Moving against Morgan Mutual Fund

0.74	DINDX	Global Fixed Income	Pair Corr
0.33	MSAAX	Active International	Pair Corr
0.31	MSGFX	Global Franchise Por	Pair Corr

Related Correlations Analysis

	TEMUX	DINDX	MLMAX	MLMCX	MLNSX	MLMIX	MLMSX	MLNCX	MLNAX	MLNIX
TEMUX		0.29	0.84	0.84	0.85	0.86	0.86	0.84	0.81	0.85	TEMUX
DINDX	0.29		0.41	0.4	0.19	0.42	0.42	0.17	0.16	0.19	DINDX
MLMAX	0.84	0.41		1.0	0.91	0.95	0.95	0.9	0.94	0.91	MLMAX
MLMCX	0.84	0.4	1.0		0.91	0.95	0.95	0.91	0.94	0.91	MLMCX
MLNSX	0.85	0.19	0.91	0.91		0.95	0.95	1.0	0.93	1.0	MLNSX
MLMIX	0.86	0.42	0.95	0.95	0.95		1.0	0.94	0.86	0.95	MLMIX
MLMSX	0.86	0.42	0.95	0.95	0.95	1.0		0.94	0.86	0.95	MLMSX
MLNCX	0.84	0.17	0.9	0.91	1.0	0.94	0.94		0.93	1.0	MLNCX
MLNAX	0.81	0.16	0.94	0.94	0.93	0.86	0.86	0.93		0.93	MLNAX
MLNIX	0.85	0.19	0.91	0.91	1.0	0.95	0.95	1.0	0.93		MLNIX
	TEMUX	DINDX	MLMAX	MLMCX	MLNSX	MLMIX	MLMSX	MLNCX	MLNAX	MLNIX

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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
TEMUX	0.61	0.14	0.10	0.54	0.36	(0.79)	1.51	(0.99)	3.25
DINDX	24.73	11.17	51.13	0.84	0.00	(24.72)	0.39	(0.26)	829.09
MLMAX	0.67	0.09	(0.01)	(9.62)	0.89	(0.67)	1.41	(1.31)	3.46
MLMCX	0.68	0.09	(0.01)	(8.90)	0.89	(0.67)	1.46	(1.30)	3.55
MLNSX	0.65	0.06	(0.03)	0.39	0.77	(0.64)	1.31	(1.42)	3.42
MLMIX	0.64	0.10	0.02	0.52	0.69	(0.67)	1.43	(1.34)	3.45
MLMSX	0.63	0.10	0.02	0.52	0.67	(0.66)	1.43	(1.29)	3.41
MLNCX	0.64	0.05	(0.03)	0.39	0.79	(0.64)	1.33	(1.40)	3.46
MLNAX	0.67	0.04	(0.06)	(1.59)	0.97	(0.64)	1.30	(1.51)	3.44
MLNIX	0.64	0.05	(0.03)	0.38	0.77	(0.64)	1.31	(1.42)	3.46

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