Morgan Stanley Correlations

CPOCX Fund

USD 15.55 0.67 4.50%

The current 90-days correlation between Morgan Stanley Multi and Small Pany Growth is 0.94 (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

Very weak diversification

The correlation between Morgan Stanley Multi and DJI is 0.48 (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 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 main economic indicators.

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

0.88	MLMAX	Global E Portfolio	Pair Corr
0.89	MLMCX	Global E Portfolio	Pair Corr
0.76	MLNSX	Global Centrated Por	Pair Corr
0.88	MLMSX	Global E Portfolio	Pair Corr
0.77	MLNAX	Global Centrated Por	Pair Corr
0.99	MMCGX	Mid Cap Growth Steady Growth	Pair Corr
0.69	TIFUX	International Fixed	Pair Corr
0.97	MPAIX	Advantage Portfolio Class	Pair Corr
0.99	MPEGX	Mid Cap Growth	Pair Corr
0.78	MAAUX	Morgan Stanley Insti	Pair Corr
0.78	MAAOX	Morgan Stanley Insti	Pair Corr
0.99	MACGX	Mid Cap Growth Steady Growth	Pair Corr
1.0	MSCMX	Morgan Stanley Multi Steady Growth	Pair Corr
0.95	MSCOX	Msif Small Pany Steady Growth	Pair Corr
0.97	MAPLX	Advantage Portfolio Class Steady Growth	Pair Corr

Moving against Morgan Mutual Fund

0.55	MORGX	Morgan Stanley Mortgage	Pair Corr
0.4	TILUX	Inflation Linked Fixed	Pair Corr
0.37	MPFDX	Corporate Bond Portfolio	Pair Corr
0.31	DINDX	Global Fixed Income	Pair Corr
0.37	MAIJX	Morgan Stanley Insti	Pair Corr
0.37	MAIHX	Morgan Stanley Insti	Pair Corr
0.37	MSACX	Active International	Pair Corr
0.36	MSAAX	Active International	Pair Corr
0.35	MSBOX	Corporate Bond Portfolio	Pair Corr

Related Correlations Analysis

	MSSGX	TVOYX	ARTSX	HSCVX	LMBMX	CIPNX	ANTMX	QLMSTX
MSSGX		0.89	0.93	0.91	0.95	0.85	0.45	0.91	MSSGX
TVOYX	0.89		0.95	0.99	0.96	0.89	0.55	0.96	TVOYX
ARTSX	0.93	0.95		0.96	0.97	0.86	0.44	0.93	ARTSX
HSCVX	0.91	0.99	0.96		0.97	0.9	0.52	0.95	HSCVX
LMBMX	0.95	0.96	0.97	0.97		0.92	0.44	0.92	LMBMX
CIPNX	0.85	0.89	0.86	0.9	0.92		0.46	0.8	CIPNX
ANTMX	0.45	0.55	0.44	0.52	0.44	0.46		0.6	ANTMX
QLMSTX	0.91	0.96	0.93	0.95	0.92	0.8	0.6		QLMSTX
	MSSGX	TVOYX	ARTSX	HSCVX	LMBMX	CIPNX	ANTMX	QLMSTX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
MSSGX	1.76	(0.12)	(0.16)	3.70	(3.91)	10.50
TVOYX	0.84	(0.10)	(0.17)	1.43	(1.95)	4.01
ARTSX	1.15	(0.10)	(0.16)	2.22	(3.17)	5.69
HSCVX	0.79	(0.09)	(0.18)	1.42	(1.78)	3.38
LMBMX	1.05	(0.16)	(0.20)	1.96	(2.70)	5.60
CIPNX	1.00	(0.21)	(0.30)	1.38	(2.00)	11.53
ANTMX	0.73	0.02	(0.04)	1.48	(1.52)	5.64
QLMSTX	1.03	(0.09)	(0.15)	1.71	(2.77)	5.65

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