Morgan Stanley Correlations

Mutual Funds . USA . 
Fund . Morgan Stanley Multi
CPODX Fund  USD 56.88  0.25  0.44%   
The current 90-days correlation between Morgan Stanley Multi and Growth Portfolio Class is 0.98 (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

Poor diversification

The correlation between Morgan Stanley Multi and DJI is 0.68 (i.e., Poor 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 unemployment.
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

  0.98TEMUX Emerging Markets EquityPairCorr
  0.86DINDX Global Fixed IncomePairCorr
  0.83DINCX Global Fixed IncomePairCorr
  0.87DINAX Global Fixed IncomePairCorr
  0.98MLMAX Global E PortfolioPairCorr
  0.98MLMCX Global E PortfolioPairCorr
  0.99MLNSX Global Centrated PorPairCorr
  0.98MLMIX Global E PortfolioPairCorr
  0.98MLMSX Global E PortfolioPairCorr
  0.99MLNCX Global Centrated PorPairCorr
  0.99MLNAX Global Centrated PorPairCorr
  0.99MLNIX Global Centrated PorPairCorr
  1.0MMCGX Mid Cap GrowthPairCorr
  0.98MMKBX Emerging Markets PorPairCorr
  0.98MMMPX Msif Emerging MarketsPairCorr
  0.96MNOPX International OpportunityPairCorr
  0.97THYUX High Yield FundPairCorr
  0.63TIFUX International FixedPairCorr
  0.97TIEUX International EquityPairCorr
  0.67TIIUX Core Fixed IncomePairCorr
  0.66TILUX Inflation Linked FixedPairCorr
  0.83MORGX Morgan Stanley MortgagePairCorr
  1.0MPAIX Advantage Portfolio ClassPairCorr
  0.98MPBAX Global StrategistPairCorr
  0.84MPFDX Corporate Bond PortfolioPairCorr
  1.0MPEGX Mid Cap GrowthPairCorr
  0.98MRGEX Msif Emerging MarketsPairCorr
  0.77MRJCX Real Assets PortfolioPairCorr
  0.78MRJAX Real Assets PortfolioPairCorr
  0.78MRJIX Real Assets PortfolioPairCorr
  0.98MRHYX Msift High YieldPairCorr
  0.78MRJSX Real Assets PortfolioPairCorr
  0.96MRNPX Msif InternationalPairCorr
  0.93MAAQX Morgan Stanley InstiPairCorr
  0.93MAAUX Morgan Stanley InstiPairCorr
  0.92MAADX Morgan Stanley InstiPairCorr
  0.93MAAOX Morgan Stanley InstiPairCorr
  1.0MADSX 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.

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