Morgan Stanley Correlations

Mutual Funds . USA . 
Fund . Morgan Stanley Multi
CPOAX Fund  USD 45.58  0.20  0.44%   
The current 90-days correlation between Morgan Stanley Multi and Emerging Markets Equity is 0.08 (i.e., Significant 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 Multi and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Morgan Stanley Multi 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 Multi. 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

  0.97TEMUX Emerging Markets EquityPairCorr
  0.87DINDX Global Fixed IncomePairCorr
  0.84DINCX Global Fixed IncomePairCorr
  0.87DINAX Global Fixed IncomePairCorr
  0.98MLMAX Global E PortfolioPairCorr
  0.98MLMCX Global E PortfolioPairCorr
  0.98MLNSX Global Centrated PorPairCorr
  0.97MLMIX Global E PortfolioPairCorr
  0.97MLMSX Global E PortfolioPairCorr
  0.98MLNCX Global Centrated PorPairCorr
  0.99MLNAX Global Centrated PorPairCorr
  0.98MLNIX Global Centrated PorPairCorr
  0.98MMCGX Mid Cap GrowthPairCorr
  0.98MMKBX Emerging Markets PorPairCorr
  0.97MMMPX Msif Emerging MarketsPairCorr
  0.95MNOPX International OpportunityPairCorr
  0.97THYUX High Yield FundPairCorr
  0.62TIFUX International FixedPairCorr
  0.97TIEUX International EquityPairCorr
  0.67TIIUX Core Fixed IncomePairCorr
  0.83MORGX Morgan Stanley MortgagePairCorr
  0.98MPAIX Advantage Portfolio ClassPairCorr
  0.98MPBAX Global StrategistPairCorr
  0.85MPFDX Corporate Bond PortfolioPairCorr
  1.0MPEGX Mid Cap GrowthPairCorr
  0.97MRGEX Msif Emerging MarketsPairCorr
  0.78MRJCX Real Assets PortfolioPairCorr
  0.81MRJAX Real Assets PortfolioPairCorr
  0.81MRJIX Real Assets PortfolioPairCorr
  0.63MRHYX Msift High YieldPairCorr
  0.79MRJSX Real Assets PortfolioPairCorr
  0.96MRNPX Msif InternationalPairCorr
  0.94MAAQX Morgan Stanley InstiPairCorr
  0.94MAAUX Morgan Stanley InstiPairCorr
  0.94MAADX Morgan Stanley InstiPairCorr
  0.91MAAOX Morgan Stanley InstiPairCorr
  0.98MADSX Msif Advantage PortPairCorr
  1.0MACGX Mid Cap GrowthPairCorr

Related Correlations Analysis

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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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TEMUX  0.53  0.18  0.16  0.52  0.22 
(0.67)
 1.65 
(1.16)
 4.07 
DINDX  0.14  0.04 (0.42) 1.28  0.00 
(0.23)
 0.38 
(0.19)
 0.77 
DINCX  0.14  0.00 (0.34) 0.00  0.00 
(0.22)
 0.20 
(0.19)
 0.78 
DINAX  0.15  0.04 (0.45)(5.09) 0.00 
(0.23)
 0.39 
(0.19)
 0.77 
MLMAX  0.65  0.24  0.11 (3.28) 0.54 
(0.74)
 1.84 
(1.25)
 4.43 
MLMCX  0.64  0.24  0.11 (3.14) 0.53 
(0.72)
 1.84 
(1.22)
 4.43 
MLNSX  0.64  0.14  0.13  0.30  0.58 
(0.74)
 2.05 
(1.19)
 4.17 
MLMIX  0.63  0.11  0.10  0.26  0.53 
(0.73)
 1.87 
(1.23)
 4.38 
MLMSX  0.64  0.11  0.10  0.26  0.53 
(0.73)
 1.87 
(1.23)
 4.42 
MLNCX  0.64  0.13  0.12  0.29  0.58 
(0.74)
 2.04 
(1.22)
 4.13 

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