Morgan Stanley Correlations
| XMSDX Fund | USD 7.68 0.01 0.13% |
The current 90-days correlation between Morgan Stanley Emerging and Vanguard Total Stock is 0.34 (i.e., 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
Average diversification
The correlation between Morgan Stanley Emerging and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Morgan Stanley Emerging and DJI in the same portfolio, assuming nothing else is changed.
Morgan |
Moving together with Morgan Mutual Fund
| 0.63 | VGTSX | Vanguard Total Inter | PairCorr |
| 0.66 | VTIAX | Vanguard Total Inter | PairCorr |
| 0.83 | XDSMX | Dreyfus Strategic | PairCorr |
| 0.85 | XNXJX | Nuveen New Jersey | PairCorr |
| 0.72 | NXJ | Nuveen New Jersey | PairCorr |
| 0.83 | PCF | Putnam High Income | PairCorr |
| 0.82 | XNBHX | Neuberger Berman Int | PairCorr |
| 0.63 | FBALX | Fidelity Balanced | PairCorr |
| 0.64 | VVIMX | Voya Vacs Index | PairCorr |
| 0.74 | FSBCX | Federated Global All | PairCorr |
| 0.68 | LIPIX | Blackrock Lifepath Idx | PairCorr |
| 0.8 | MSTGX | Morningstar Global Income | PairCorr |
| 0.69 | NAN | Nuveen New York | PairCorr |
Moving against Morgan Mutual Fund
| 0.52 | AQMIX | Aqr Managed Futures | PairCorr |
| 0.76 | DXKSX | Direxion Monthly 7 Potential Growth | PairCorr |
| 0.65 | JSORX | Jpmorgan Strategic Income | PairCorr |
| 0.57 | ACTVX | Zero Pon 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VTSAX | 0.61 | 0.06 | 0.04 | 1.18 | 0.83 | 1.30 | 5.93 | |||
| VFIAX | 0.58 | 0.05 | 0.04 | 0.17 | 0.81 | 1.23 | 5.48 | |||
| VTSMX | 0.60 | 0.05 | 0.04 | 0.17 | 0.84 | 1.29 | 5.95 | |||
| VITSX | 0.61 | 0.05 | 0.04 | 0.17 | 0.84 | 1.30 | 5.95 | |||
| VSTSX | 0.60 | 0.05 | 0.04 | 0.17 | 0.83 | 1.29 | 5.94 | |||
| VSMPX | 0.60 | 0.05 | 0.04 | 0.17 | 0.83 | 1.29 | 5.94 | |||
| VFINX | 0.58 | 0.05 | 0.04 | 0.17 | 0.81 | 1.23 | 5.48 | |||
| VFFSX | 0.58 | 0.05 | 0.04 | 0.17 | 0.81 | 1.23 | 5.47 | |||
| VGTSX | 0.55 | (0.05) | 0.00 | (0.42) | 0.00 | 1.12 | 3.44 | |||
| VTIAX | 0.53 | (0.06) | 0.00 | (0.18) | 0.00 | 1.12 | 3.47 |