Morgan Stanley Correlations

Mutual Funds . USA . 
Fund . Morgan Stanley European
EUGAX Fund  USD 28.19  0.15  0.53%   
The current 90-days correlation between Morgan Stanley European and Pender Real Estate is 0.05 (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

Very weak diversification

The correlation between Morgan Stanley European and DJI is 0.57 (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 European and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Morgan Stanley European. 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

  0.91TEMUX Emerging Markets EquityPairCorr
  0.69DINDX Global Fixed IncomePairCorr
  0.64DINCX Global Fixed IncomePairCorr
  0.68DINAX Global Fixed IncomePairCorr
  0.96MLMAX Global E PortfolioPairCorr
  0.96MLMCX Global E PortfolioPairCorr
  0.96MLNSX Global Centrated PorPairCorr
  0.96MLMIX Global E PortfolioPairCorr
  0.96MLMSX Global E PortfolioPairCorr
  0.97MLNCX Global Centrated PorPairCorr
  0.96MLNAX Global Centrated PorPairCorr
  0.96MLNIX Global Centrated PorPairCorr
  0.93MMCGX Mid Cap GrowthPairCorr
  0.93MMKBX Emerging Markets PorPairCorr
  0.92MMMPX Msif Emerging MarketsPairCorr
  0.98MNOPX International OpportunityPairCorr
  0.87THYUX High Yield FundPairCorr
  0.64TIEUX International EquityPairCorr
  0.81MPAIX Advantage Portfolio ClassPairCorr
  0.91MPBAX Global StrategistPairCorr
  0.67MPFDX Corporate Bond PortfolioPairCorr
  0.76MPEGX Mid Cap GrowthPairCorr
  0.92MRGEX Msif Emerging MarketsPairCorr
  0.64MRHYX Msift High YieldPairCorr
  0.84MRNPX Msif InternationalPairCorr
  0.92MAAQX Morgan Stanley InstiPairCorr
  0.91MAAUX Morgan Stanley InstiPairCorr
  0.91MAADX Morgan Stanley InstiPairCorr
  0.76MAAOX Morgan Stanley InstiPairCorr
  0.93MADSX Msif Advantage PortPairCorr
  0.93MACGX 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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