Msif Intl Correlations

MSECX Fund

USD 6.11 0.04 0.65%

The current 90-days correlation between Msif Intl Equity and Versatile Bond Portfolio is -0.02 (i.e., Good diversification). The correlation of Msif Intl 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 Intl Correlation With Market

Modest diversification

The correlation between Msif Intl Equity and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Msif Intl Equity 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 Intl Equity. 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 unemployment.

Moving together with Msif Mutual Fund

0.96	MMKBX	Emerging Markets Por	Pair Corr
1.0	MMMPX	Msif Emerging Markets	Pair Corr
0.64	TILUX	Inflation Linked Fixed	Pair Corr
0.96	MRGEX	Msif Emerging Markets	Pair Corr
0.93	MAIJX	Morgan Stanley Insti	Pair Corr
0.93	MAIHX	Morgan Stanley Insti	Pair Corr

Moving against Msif Mutual Fund

0.86	TIEUX	International Equity	Pair Corr
0.85	MPBAX	Global Strategist	Pair Corr
0.82	MLMIX	Global E Portfolio	Pair Corr
0.82	MLMSX	Global E Portfolio	Pair Corr
0.8	MLMAX	Global E Portfolio	Pair Corr
0.8	MLMCX	Global E Portfolio	Pair Corr
0.79	MRHYX	Msift High Yield	Pair Corr
0.71	MLNSX	Global Centrated Por	Pair Corr
0.71	MLNCX	Global Centrated Por	Pair Corr
0.71	MLNIX	Global Centrated Por	Pair Corr
0.66	MLNAX	Global Centrated Por	Pair Corr
0.54	TEMUX	Emerging Markets Equity	Pair Corr
0.49	DINDX	Global Fixed Income	Pair Corr
0.96	MSAAX	Active International	Pair Corr
0.96	MSFLX	Global Franchise Por	Pair Corr
0.96	MSGFX	Global Franchise Por	Pair Corr
0.87	MSDLX	Global Strategist	Pair Corr
0.66	MSACX	Active International	Pair Corr
0.45	MSDOX	Morgan Stanley Insti	Pair Corr
0.38	MSDQX	Morgan Stanley Susta	Pair Corr
0.37	MSDUX	Morgan Stanley Insti	Pair Corr

Related Correlations Analysis

	PRVBX	TBGAX	PRINX	NSIOX	DODLX	PTRMX	MDMTX
PRVBX		0.3	0.07	0.07	0.65	0.34	-0.15	PRVBX
TBGAX	0.3		0.94	0.91	0.75	0.96	0.73	TBGAX
PRINX	0.07	0.94		0.96	0.63	0.9	0.89	PRINX
NSIOX	0.07	0.91	0.96		0.61	0.86	0.83	NSIOX
DODLX	0.65	0.75	0.63	0.61		0.78	0.45	DODLX
PTRMX	0.34	0.96	0.9	0.86	0.78		0.71	PTRMX
MDMTX	-0.15	0.73	0.89	0.83	0.45	0.71		MDMTX
	PRVBX	TBGAX	PRINX	NSIOX	DODLX	PTRMX	MDMTX

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

PTRMX	+ 0.96	TBGAX
NSIOX	+ 0.96	PRINX
PRINX	+ 0.94	TBGAX
NSIOX	+ 0.91	TBGAX
PTRMX	+ 0.9	PRINX
MDMTX	+ 0.89	PRINX

High negative correlations

MDMTX

- 0.15

PRVBX

Risk-Adjusted Indicators

There is a big difference between Msif Mutual Fund performing well and Msif Intl 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 Intl'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
PRVBX	0.07	(0.01)	(0.83)	(0.02)	0.00	(0.07)	0.15	(0.14)	0.36
TBGAX	0.08	0.02	(0.43)	(2.05)	0.00	(0.14)	0.19	(0.09)	0.74
PRINX	0.07	0.00	(0.47)	0.00	0.00	(0.14)	0.18	(0.09)	0.71
NSIOX	0.07	0.01	(0.45)	1.72	0.00	(0.15)	0.20	(0.10)	0.61
DODLX	0.14	0.01	(0.34)	0.24	0.07	(0.16)	0.27	(0.27)	0.89
PTRMX	0.08	0.02	(0.54)	1.16	0.00	(0.10)	0.18	(0.13)	0.49
MDMTX	0.08	0.00	(0.48)	0.00	0.00	(0.15)	0.19	(0.10)	0.86

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