Morgan Stanley Correlations

Mutual Funds . USA . 
Fund . Morgan Stanley Multi
CPOCX Fund  USD 18.35  0.06  0.33%   
The current 90-days correlation between Morgan Stanley Multi and Eagle Growth Income is -0.08 (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.

Morgan Stanley Correlation With Market

Very weak diversification

The correlation between Morgan Stanley Multi and DJI is 0.47 (i.e., Very weak 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 main economic indicators.
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

  0.98FAFGX American FundsPairCorr
  0.98FFAFX American FundsPairCorr
  0.98GFACX Growth FundPairCorr
  0.99GFAFX Growth FundPairCorr
  0.99AGTHX Growth FundPairCorr
  0.98CGFFX Growth FundPairCorr
  0.98CGFCX Growth FundPairCorr
  0.99CGFAX Growth FundPairCorr
  0.99CGFEX Growth FundPairCorr
  0.98RGAEX Growth FundPairCorr
  0.9CIF Mfs Intermediate HighPairCorr
  0.91PCF Putnam High IncomePairCorr
  0.64JPM JPMorgan ChasePairCorr
  0.7IBM International BusinessPairCorr
  0.65CSCO Cisco SystemsPairCorr
  0.65CVX Chevron CorpPairCorr

Moving against Morgan Mutual Fund

  0.79XDSMX Dreyfus StrategicPairCorr
  0.79XNBHX Neuberger Berman IntPairCorr
  0.64MCD McDonaldsPairCorr
  0.62XNXJX Nuveen New JerseyPairCorr
  0.44XPPRX Voya Prime RatePairCorr
  0.32HPQ HP IncPairCorr

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.

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