| MSEEX Fund | | | USD 21.46 0.15 0.69% |
The current 90-days correlation between Morgan Stanley European and Gabelli Convertible And is -0.06 (i.e., Good 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.
Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Morgan Stanley European. 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 income.
For more information on how to buy Morgan Mutual Fund please use our
How to Invest in Morgan Stanley guide.