Morgan Stanley Correlations

Mutual Funds . USA . 
Fund . Morgan Stanley European
EUGDX Fund  USD 29.81  0.24  0.80%   
The current 90-days correlation between Morgan Stanley European and Needham Aggressive Growth is 0.63 (i.e., Poor 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 European and DJI is 0.61 (i.e., Poor 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 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

  0.93TEMUX Emerging Markets EquityPairCorr
  0.74DINDX Global Fixed IncomePairCorr
  0.7DINCX Global Fixed IncomePairCorr
  0.74DINAX Global Fixed IncomePairCorr
  0.96MLMAX Global E PortfolioPairCorr
  0.96MLMCX Global E PortfolioPairCorr
  0.97MLNSX Global Centrated PorPairCorr
  0.96MLMIX Global E PortfolioPairCorr
  0.96MLMSX Global E PortfolioPairCorr
  0.97MLNCX Global Centrated PorPairCorr
  0.97MLNAX Global Centrated PorPairCorr
  0.97MLNIX Global Centrated PorPairCorr
  0.95MMCGX Mid Cap GrowthPairCorr
  0.95MMKBX Emerging Markets PorPairCorr
  0.95MMMPX Msif Emerging MarketsPairCorr
  0.99MNOPX International OpportunityPairCorr
  0.91THYUX High Yield FundPairCorr
  0.97TIEUX International EquityPairCorr
  0.72MORGX Morgan Stanley MortgagePairCorr
  0.95MPAIX Advantage Portfolio ClassPairCorr
  0.93MPBAX Global StrategistPairCorr
  0.73MPFDX Corporate Bond PortfolioPairCorr
  0.95MPEGX Mid Cap GrowthPairCorr
  0.95MRGEX Msif Emerging MarketsPairCorr
  0.65MRJCX Real Assets PortfolioPairCorr
  0.66MRJAX Real Assets PortfolioPairCorr
  0.66MRJIX Real Assets PortfolioPairCorr
  0.91MRHYX Msift High YieldPairCorr
  0.66MRJSX Real Assets PortfolioPairCorr
  0.99MRNPX Msif InternationalPairCorr
  0.93MAAQX Morgan Stanley InstiPairCorr
  0.93MAAUX Morgan Stanley InstiPairCorr
  0.93MAADX Morgan Stanley InstiPairCorr
  0.93MAAOX Morgan Stanley InstiPairCorr
  0.95MADSX Msif Advantage PortPairCorr
  0.95MACGX 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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