Morgan Stanley Correlations

CAF Fund

USD 13.10 0.18 1.36%

The current 90-days correlation between Morgan Stanley China and Morgan Stanley India is -0.06 (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.

Morgan Stanley Correlation With Market

Significant diversification

The correlation between Morgan Stanley China and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Morgan Stanley China 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 China. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more detail on how to invest in Morgan Fund please use our How to Invest in Morgan Stanley guide.

Moving together with Morgan Fund

0.66	HRBDX	Harbor Bond Fund	Pair Corr
0.79	VICSX	Vanguard Intermediate-ter	Pair Corr
0.76	SAEMX	Sa Emerging Markets	Pair Corr
0.65	EMBAX	Unconstrained Emerging	Pair Corr
0.9	BISMX	Brandes International	Pair Corr
0.72	GF	New Germany Closed	Pair Corr
0.71	USGDX	Morgan Stanley Government	Pair Corr
0.69	GIOIX	Guggenheim Macro Opp	Pair Corr

Moving against Morgan Fund

0.48

CSQ

Calamos Strategic Total

Pair Corr

Related Correlations Analysis

	CEE	IIF	AJMPF	NOM	CHN	GGT	CION	BCSF	MXF	MPA
CEE		-0.83	-0.16	-0.6	0.69	0.65	0.48	0.45	0.91	-0.17	CEE
IIF	-0.83		0.1	0.57	-0.46	-0.49	-0.51	-0.43	-0.64	-0.12	IIF
AJMPF	-0.16	0.1		0.45	-0.4	-0.31	0.02	0.33	-0.25	0.5	AJMPF
NOM	-0.6	0.57	0.45		-0.61	-0.45	-0.06	0.18	-0.5	0.35	NOM
CHN	0.69	-0.46	-0.4	-0.61		0.48	0.4	-0.03	0.76	-0.6	CHN
GGT	0.65	-0.49	-0.31	-0.45	0.48		0.11	0.23	0.71	-0.13	GGT
CION	0.48	-0.51	0.02	-0.06	0.4	0.11		0.57	0.45	0.08	CION
BCSF	0.45	-0.43	0.33	0.18	-0.03	0.23	0.57		0.37	0.5	BCSF
MXF	0.91	-0.64	-0.25	-0.5	0.76	0.71	0.45	0.37		-0.36	MXF
MPA	-0.17	-0.12	0.5	0.35	-0.6	-0.13	0.08	0.5	-0.36		MPA
	CEE	IIF	AJMPF	NOM	CHN	GGT	CION	BCSF	MXF	MPA

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MXF	+ 0.91	CEE
MXF	+ 0.76	CHN
MXF	+ 0.71	GGT
CHN	+ 0.69	CEE
GGT	+ 0.65	CEE
NOM	+ 0.57	IIF

High negative correlations

IIF	- 0.83	CEE
MXF	- 0.64	IIF
CHN	- 0.61	NOM
MPA	- 0.6	CHN
NOM	- 0.6	CEE
CION	- 0.51	IIF

Risk-Adjusted Indicators

There is a big difference between Morgan Fund performing well and Morgan Stanley 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
CEE	2.10	0.44	0.18	0.73	2.33	(2.36)	5.96	(3.67)	20.37
IIF	0.78	(0.11)	0.00	(0.38)	0.00	0.00	1.19	(1.68)	4.51
AJMPF	0.33	(0.17)	0.00	(1.04)	0.00	0.00	0.00	0.00	7.04
NOM	1.45	(0.09)	0.00	(0.74)	0.00	0.00	3.01	(3.58)	12.16
CHN	1.43	0.13	0.13	(0.72)	1.47	(1.68)	3.24	(2.65)	7.79
GGT	0.69	0.09	0.11	0.19	0.97	(0.86)	1.63	(2.10)	7.12
CION	0.99	(0.10)	0.00	(0.28)	0.00	0.00	1.65	(2.08)	7.53
BCSF	0.85	0.09	0.08	0.05	1.25	(0.85)	1.73	(2.04)	6.71
MXF	1.05	0.08	0.09	0.15	1.35	(1.03)	2.49	(2.03)	5.85
MPA	0.50	0.00	0.09	0.05	0.64	(0.52)	1.13	(0.87)	3.89

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