Morgan Stanley Correlations

USGAX Fund

USD 6.96 0.07 1.02%

The current 90-days correlation between Morgan Stanley Government and Vy Goldman Sachs is 0.95 (i.e., Almost no 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 Government and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Morgan Stanley Government and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Morgan Stanley Government. 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

0.72	TIEUX	International Equity	Pair Corr
0.98	TIIUX	Core Fixed Income	Pair Corr
0.91	TILUX	Inflation Linked Fixed	Pair Corr
0.94	MPFDX	Corporate Bond Portfolio	Pair Corr

Moving against Morgan Mutual Fund

0.86	MLNSX	Global Centrated Por	Pair Corr
0.86	MLMSX	Global E Portfolio	Pair Corr
0.86	MLNCX	Global Centrated Por	Pair Corr
0.86	MLNAX	Global Centrated Por	Pair Corr
0.86	MLNIX	Global Centrated Por	Pair Corr
0.85	MLMAX	Global E Portfolio	Pair Corr
0.85	MLMCX	Global E Portfolio	Pair Corr
0.85	MLMIX	Global E Portfolio	Pair Corr
0.79	MMCGX	Mid Cap Growth	Pair Corr
0.61	MNOPX	International Opportunity	Pair Corr
0.6	THYUX	High Yield Fund	Pair Corr
0.81	TLGUX	Large Cap Equity	Pair Corr
0.79	MPAIX	Advantage Portfolio Class	Pair Corr
0.79	MPEGX	Mid Cap Growth	Pair Corr
0.67	MRHYX	Msift High Yield	Pair Corr
0.58	MRETX	Msif Real Estate	Pair Corr
0.55	MRGOX	Msif Global Infrastr	Pair Corr
0.79	MADSX	Msif Advantage Port	Pair Corr
0.79	MACGX	Mid Cap Growth	Pair Corr
0.74	MAAQX	Morgan Stanley Insti	Pair Corr
0.74	MAAUX	Morgan Stanley Insti	Pair Corr
0.73	MAAOX	Morgan Stanley Insti	Pair Corr
0.72	MAADX	Morgan Stanley Insti	Pair Corr

Related Correlations Analysis

	VGSBX	GDICX	AGGNX	UIPMX	IOGYX	FGDIX	INIVX
VGSBX		0.87	-0.1	0.07	-0.18	0.02	-0.2	VGSBX
GDICX	0.87		-0.01	0.1	-0.04	0.06	-0.1	GDICX
AGGNX	-0.1	-0.01		0.98	0.98	0.98	0.99	AGGNX
UIPMX	0.07	0.1	0.98		0.93	0.99	0.95	UIPMX
IOGYX	-0.18	-0.04	0.98	0.93		0.94	0.98	IOGYX
FGDIX	0.02	0.06	0.98	0.99	0.94		0.96	FGDIX
INIVX	-0.2	-0.1	0.99	0.95	0.98	0.96		INIVX
	VGSBX	GDICX	AGGNX	UIPMX	IOGYX	FGDIX	INIVX

Click cells to compare fundamentals

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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

INIVX	+ 0.99	AGGNX
FGDIX	+ 0.99	UIPMX
UIPMX	+ 0.98	AGGNX
IOGYX	+ 0.98	AGGNX
FGDIX	+ 0.98	AGGNX
INIVX	+ 0.98	IOGYX

High negative correlations

INIVX	- 0.2	VGSBX
IOGYX	- 0.18	VGSBX
INIVX	- 0.1	GDICX
AGGNX	- 0.1	VGSBX
IOGYX	- 0.04	GDICX
AGGNX	- 0.01	GDICX

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
VGSBX	0.29	(0.01)	0.00	0.19	0.00	0.00	0.65	(0.64)	1.71
GDICX	0.08	0.00	(0.70)	(0.39)	0.05	(0.13)	0.21	(0.10)	0.82
AGGNX	1.46	(0.01)	(0.05)	0.10	1.85	(1.49)	2.94	(2.97)	9.38
UIPMX	1.35	(0.04)	0.00	(0.12)	0.00	0.00	2.60	(3.11)	9.86
IOGYX	1.42	0.01	(0.03)	0.16	1.69	(1.50)	2.72	(2.81)	8.64
FGDIX	1.31	(0.01)	(0.06)	0.05	1.81	(1.33)	2.67	(2.83)	9.78
INIVX	1.38	0.02	(0.04)	0.22	1.78	(1.44)	2.66	(2.74)	9.92

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