Morgan Stanley Correlations

Mutual Funds . USA . 
Fund . Morgan Stanley Multi
CPODX Fund  USD 45.25  0.67  1.50%   
The current 90-days correlation between Morgan Stanley Multi and Growth Portfolio Class is 0.99 (i.e., No risk reduction). 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 0.56 (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 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

  0.88MLMAX Global E PortfolioPairCorr
  0.91MLMCX Global E PortfolioPairCorr
  0.79MLNSX Global Centrated PorPairCorr
  0.88MLMSX Global E PortfolioPairCorr
  0.81MLNAX Global Centrated PorPairCorr
  0.93MMCGX Mid Cap Growth Steady GrowthPairCorr
  0.69TIFUX International FixedPairCorr
  0.93MPAIX Advantage Portfolio Class Steady GrowthPairCorr
  0.93MPEGX Mid Cap Growth Steady GrowthPairCorr
  0.78MAAUX Morgan Stanley InstiPairCorr
  0.82MAAOX Morgan Stanley InstiPairCorr
  0.93MACGX Mid Cap Growth Steady GrowthPairCorr
  0.94MSCMX Morgan Stanley Multi Steady GrowthPairCorr
  0.87MSCOX Msif Small Pany Steady GrowthPairCorr
  0.93MAPLX Advantage Portfolio Class Steady GrowthPairCorr

Moving against Morgan Mutual Fund

  0.56MORGX Morgan Stanley MortgagePairCorr
  0.36TILUX Inflation Linked FixedPairCorr
  0.34MPFDX Corporate Bond PortfolioPairCorr
  0.38MAIJX Morgan Stanley InstiPairCorr
  0.34MSACX Active InternationalPairCorr
  0.33MAIHX Morgan Stanley InstiPairCorr
  0.33MSBOX Corporate Bond PortfolioPairCorr
  0.33MSAAX Active InternationalPairCorr

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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