Morgan Stanley Correlations

MAAOX Fund

USD 2.35 0.03 1.29%

The current 90-days correlation between Morgan Stanley Insti and Cmg Ultra Short is -0.31 (i.e., Very 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

Poor diversification

The correlation between Morgan Stanley Institutional and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Morgan Stanley Institutional and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Morgan Stanley Institutional. 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 persons.

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

0.82	MLMAX	Global E Portfolio	Pair Corr
0.82	MLMCX	Global E Portfolio	Pair Corr
0.69	MLNSX	Global Centrated Por	Pair Corr
0.81	MLMIX	Global E Portfolio	Pair Corr
0.81	MLMSX	Global E Portfolio	Pair Corr
0.67	MLNCX	Global Centrated Por	Pair Corr
0.69	MLNAX	Global Centrated Por	Pair Corr
0.69	MLNIX	Global Centrated Por	Pair Corr
0.8	MMCGX	Mid Cap Growth	Pair Corr
0.85	MPAIX	Advantage Portfolio Class	Pair Corr
0.65	MPEGX	Mid Cap Growth	Pair Corr
1.0	MAAQX	Morgan Stanley Insti	Pair Corr
0.91	MAAUX	Morgan Stanley Insti	Pair Corr
1.0	MAADX	Morgan Stanley Insti	Pair Corr
0.85	MADSX	Msif Advantage Port	Pair Corr
0.68	MACGX	Mid Cap Growth	Pair Corr

Moving against Morgan Mutual Fund

0.38	MORGX	Morgan Stanley Mortgage	Pair Corr
0.4	MSAYX	Asia Opportunity Por	Pair Corr
0.34	MSAWX	Asia Opportunity Por	Pair Corr

Related Correlations Analysis

	CMGUX	BIIPX	SIGZX	FSHAX	BDMKX	PRWBX
CMGUX		0.94	0.99	0.91	0.94	0.96	CMGUX
BIIPX	0.94		0.96	0.95	0.95	0.98	BIIPX
SIGZX	0.99	0.96		0.91	0.93	0.98	SIGZX
FSHAX	0.91	0.95	0.91		0.91	0.94	FSHAX
BDMKX	0.94	0.95	0.93	0.91		0.93	BDMKX
PRWBX	0.96	0.98	0.98	0.94	0.93		PRWBX
	CMGUX	BIIPX	SIGZX	FSHAX	BDMKX	PRWBX

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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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CMGUX	0.04	0.01	0.00	(0.64)	0.00	0.11	0.00	0.54
BIIPX	0.10	0.01	0.82	(0.91)	(0.14)	0.21	(0.10)	0.72
SIGZX	0.06	0.01	1.02	(1.99)	(0.17)	0.10	(0.10)	0.61
FSHAX	0.05	0.00	0.59	0.19	(0.13)	0.10	(0.10)	0.51
BDMKX	0.07	0.02	0.87	(4.40)	(0.12)	0.11	(0.11)	0.44
PRWBX	0.09	0.00	0.45	(0.19)	(0.25)	0.22	(0.22)	0.66

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