Morgan Stanley Correlations

CAF Fund

USD 14.22 0.13 0.92%

The current 90-days correlation between Morgan Stanley China and Blackrock Muniholdings Quality is -0.01 (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.

Morgan Stanley Correlation With Market

Significant diversification

The correlation between Morgan Stanley China and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Morgan Stanley China and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Morgan Stanley China. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more detail on how to invest in Morgan Fund please use our How to Invest in Morgan Stanley guide.

Moving together with Morgan Fund

0.72	NHS	Neuberger Berman High	Pair Corr
0.96	GCMDX	Goldman Sachs Local	Pair Corr
0.93	GPPSX	Goldman Sachs Short	Pair Corr
0.96	ADNIX	Amer Beacon Ark Steady Growth	Pair Corr
0.94	FLCNX	Fidelity Contrafund	Pair Corr
0.92	FTZFX	Fuller Thaler Behavioral	Pair Corr
0.93	NWOBX	Nationwide Destination	Pair Corr
0.94	QIBGX	Federated Mdt Balanced	Pair Corr
0.81	IORLX	Aim Taxexempt Funds	Pair Corr
0.79	FUFRX	Franklin Utilities	Pair Corr
0.96	CHY	Calamos Convertible And	Pair Corr
0.93	TWGIX	Growth Fund I	Pair Corr
0.94	KAMCX	Kensington Managed Income	Pair Corr
0.92	OAZMX	Oakmark Fund R6	Pair Corr
0.94	JGMCX	Janus Triton	Pair Corr
0.94	AONIX	One Choice Portfolio	Pair Corr
0.95	BLARX	Lord Abbett Balanced	Pair Corr
0.92	EISIX	Eagle International Stock	Pair Corr
0.89	TNBIX	1290 Smartbeta Equity	Pair Corr
0.93	CSGCX	Calvert Balanced Por	Pair Corr
0.92	ETIMX	Eventide Multi Asset	Pair Corr
0.97	MISMX	Matthews Asia Small	Pair Corr
0.93	OPTIX	Oppenheimer Capital	Pair Corr
0.96	BUBSX	Baird Ultra Short	Pair Corr
0.92	DCARX	Dfa California Municipal	Pair Corr
0.95	NBPIX	Neuberger Berman Large	Pair Corr
0.89	ETJ	Eaton Vance Risk	Pair Corr
0.95	FEFAX	First Eagle Fund	Pair Corr
0.93	BGHSX	Brandywineglobal High	Pair Corr
0.95	CLREX	Columbia Balanced	Pair Corr
0.92	DPRRX	Delaware Reit	Pair Corr
0.67	GLEAX	Goldman Sachs Mlp	Pair Corr
0.91	PGBEX	Blue Chip Fund	Pair Corr
0.92	APDMX	Artisan Mid Cap	Pair Corr
0.95	TEMUX	Emerging Markets Equity	Pair Corr
0.96	FAHYX	Fidelity Advisor High	Pair Corr
0.91	PEO	Adams Natural Resources	Pair Corr

Related Correlations Analysis

	CHN	AJMPF	MXE	SHMMX	MUE	IIF	TDF	IFN	CYD
CHN		0.56	0.88	0.38	-0.01	0.84	0.87	0.54	0.97	CHN
AJMPF	0.56		0.78	0.53	0.27	0.74	0.82	0.81	0.6	AJMPF
MXE	0.88	0.78		0.52	0.09	0.95	0.94	0.79	0.89	MXE
SHMMX	0.38	0.53	0.52		0.76	0.53	0.42	0.44	0.44	SHMMX
MUE	-0.01	0.27	0.09	0.76		0.08	0.04	0.08	0.06	MUE
IIF	0.84	0.74	0.95	0.53	0.08		0.91	0.86	0.82	IIF
TDF	0.87	0.82	0.94	0.42	0.04	0.91		0.79	0.87	TDF
IFN	0.54	0.81	0.79	0.44	0.08	0.86	0.79		0.52	IFN
CYD	0.97	0.6	0.89	0.44	0.06	0.82	0.87	0.52		CYD
	CHN	AJMPF	MXE	SHMMX	MUE	IIF	TDF	IFN	CYD

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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

CYD	+ 0.97	CHN
IIF	+ 0.95	MXE
TDF	+ 0.94	MXE
TDF	+ 0.91	IIF
CYD	+ 0.89	MXE
MXE	+ 0.88	CHN

High negative correlations

MUE

- 0.01

CHN

Risk-Adjusted Indicators

There is a big difference between Morgan Fund performing well and Morgan Stanley 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
CHN	1.08	0.37	0.24	0.89	0.66	(1.34)	2.61	(1.89)	11.99
AJMPF	0.66	0.31	0.00	1.34	0.00	0.00	0.57	0.00	13.64
MXE	0.79	0.25	0.19	1.27	0.37	(1.00)	2.15	(1.11)	4.50
SHMMX	0.16	(0.02)	(0.48)	(0.15)	0.22	(0.20)	0.42	(0.35)	1.19
MUE	0.47	(0.07)	0.00	(0.10)	0.00	0.00	0.96	(0.96)	2.98
IIF	0.75	0.17	0.09	0.77	0.62	(0.93)	1.81	(1.19)	5.51
TDF	0.96	0.16	0.08	0.50	0.82	(1.17)	2.64	(2.03)	5.47
IFN	0.81	0.11	0.01	0.55	0.88	(0.97)	1.84	(1.54)	5.98
CYD	2.67	0.56	0.15	0.48	3.32	(2.81)	7.61	(4.95)	18.42

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