Morgan Stanley Correlations

XEDDX Fund

USD 5.45 0.01 0.18%

The current 90-days correlation between Morgan Stanley Emerging and Morgan Stanley Emerging is -0.03 (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

Good diversification

The correlation between Morgan Stanley Emerging and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Morgan Stanley Emerging and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Morgan Stanley Emerging. 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

0.92	VTSAX	Vanguard Total Stock	Pair Corr
0.92	VFIAX	Vanguard 500 Index	Pair Corr
0.92	VTSMX	Vanguard Total Stock	Pair Corr
0.92	VITSX	Vanguard Total Stock	Pair Corr
0.92	VSTSX	Vanguard Total Stock	Pair Corr
0.92	VSMPX	Vanguard Total Stock	Pair Corr
0.92	VFINX	Vanguard 500 Index	Pair Corr
0.92	VFFSX	Vanguard 500 Index	Pair Corr
0.97	VGTSX	Vanguard Total Inter	Pair Corr
0.97	VTIAX	Vanguard Total Inter	Pair Corr
0.77	NHS	Neuberger Berman High	Pair Corr
0.94	BDHIX	Blackrock High Income	Pair Corr
0.93	FCAGX	Fidelity Small Cap	Pair Corr
0.91	XUTFX	Cohen Steers Infrast	Pair Corr
0.92	XMSDX	Morgan Stanley Emerging	Pair Corr
0.77	RCWFX	Capital World Bond	Pair Corr
0.96	RCRFX	Riverpark Floating Rate	Pair Corr
0.93	OTCYX	Oppenheimer Capital	Pair Corr
0.97	IRCYX	International Small Cap	Pair Corr
0.88	WPSGX	Ab Centrated Growth	Pair Corr
0.94	RRITX	T Rowe Price	Pair Corr
0.9	QBDSX	Quantified Managed Income	Pair Corr
0.94	SREAX	Prudential Select Real	Pair Corr
0.88	SMVLX	Smead Value Fund	Pair Corr
0.95	FASIX	Fidelity Asset Manager	Pair Corr
0.89	PDSAX	Prudential Short Duration	Pair Corr
0.94	RGPAX	Rbc Global Opportunities	Pair Corr
0.75	AREDX	Real Estate Fund	Pair Corr
0.92	ABLOX	Alger Balanced Portfolio	Pair Corr
0.93	AEGSX	Invesco European Growth	Pair Corr
0.67	ALCVX	Ab California Portfolio	Pair Corr
0.91	FLKYPX	Flkypx	Pair Corr
0.96	JAACX	Alternative Asset	Pair Corr
0.9	CAF	Morgan Stanley China	Pair Corr
0.86	MVEIX	Monteagle Select Value	Pair Corr
0.88	WPOPX	Partners Iii Opportunity	Pair Corr
0.93	PWJAX	Prudential Jennison	Pair Corr
0.87	NAN	Nuveen New York	Pair Corr
0.94	JNABX	Jpmorgan Smartretirement*	Pair Corr
0.94	JSIZX	Jpmorgan Smartretirement	Pair Corr

Related Correlations Analysis

	XMSDX	XEDDX	XEDFX	EDD	EDF	EMD	TEI	XTEIX
XMSDX		0.92	0.88	0.84	0.9	0.85	0.86	0.89	XMSDX
XEDDX	0.92		0.93	0.92	0.91	0.91	0.93	0.96	XEDDX
XEDFX	0.88	0.93		0.92	0.96	0.93	0.93	0.96	XEDFX
EDD	0.84	0.92	0.92		0.92	0.97	0.98	0.97	EDD
EDF	0.9	0.91	0.96	0.92		0.92	0.92	0.93	EDF
EMD	0.85	0.91	0.93	0.97	0.92		0.97	0.96	EMD
TEI	0.86	0.93	0.93	0.98	0.92	0.97		0.98	TEI
XTEIX	0.89	0.96	0.96	0.97	0.93	0.96	0.98		XTEIX
	XMSDX	XEDDX	XEDFX	EDD	EDF	EMD	TEI	XTEIX

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
XMSDX	0.30	0.06	(0.15)	(1.41)	0.42	(0.34)	0.67	(0.53)	3.77
XEDDX	0.29	0.11	(0.07)	(14.00)	0.07	(0.42)	0.78	(0.38)	2.71
XEDFX	0.39	0.12	(0.06)	(1.33)	0.37	(0.49)	0.85	(0.87)	4.93
EDD	0.73	0.20	0.13	1.05	0.36	(0.95)	1.64	(0.88)	3.70
EDF	0.82	0.24	0.12	1.18	0.62	(1.02)	2.09	(1.19)	5.22
EMD	0.52	0.15	0.08	0.63	0.16	(0.63)	1.46	(0.83)	2.78
TEI	0.68	0.29	0.22	1.00	0.11	(0.87)	1.78	(1.02)	5.10
XTEIX	0.38	0.21	0.16	7.03	0.00	(0.54)	0.88	(0.48)	3.82

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Morgan Stanley Correlations

Morgan Stanley Correlation With Market

Good diversification

Moving together with Morgan Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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