Msif Emerging Correlations

MEMLX Fund

USD 13.66 0.21 1.51%

The current 90-days correlation between Msif Emerging Markets and Vy Umbia Small is 0.07 (i.e., Significant diversification). The correlation of Msif Emerging 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.

Msif Emerging Correlation With Market

Modest diversification

The correlation between Msif Emerging Markets and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Msif Emerging Markets 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 Msif Emerging Markets. 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 bureau of economic analysis.

Moving together with Msif Mutual Fund

0.88	TEMUX	Emerging Markets Equity	Pair Corr
0.85	MMKBX	Emerging Markets Por	Pair Corr
0.86	MMMPX	Msif Emerging Markets	Pair Corr
0.71	TIFUX	International Fixed	Pair Corr
0.92	TIEUX	International Equity	Pair Corr
0.75	TIIUX	Core Fixed Income	Pair Corr
0.82	TILUX	Inflation Linked Fixed	Pair Corr
0.74	MPBAX	Global Strategist	Pair Corr
0.67	MPFDX	Corporate Bond Portfolio	Pair Corr
0.87	MRGEX	Msif Emerging Markets	Pair Corr
0.85	MRJCX	Real Assets Portfolio	Pair Corr
0.84	MRJAX	Real Assets Portfolio	Pair Corr
0.84	MRJIX	Real Assets Portfolio	Pair Corr
0.84	MRJSX	Real Assets Portfolio	Pair Corr
0.72	MAAQX	Morgan Stanley Insti	Pair Corr
0.73	MAAUX	Morgan Stanley Insti	Pair Corr
0.72	MAADX	Morgan Stanley Insti	Pair Corr
0.73	MAAOX	Morgan Stanley Insti	Pair Corr

Moving against Msif Mutual Fund

0.78	MPAIX	Advantage Portfolio Class	Pair Corr
0.77	MMCGX	Mid Cap Growth	Pair Corr
0.77	MPEGX	Mid Cap Growth	Pair Corr
0.34	TLGUX	Large Cap Equity	Pair Corr
0.78	MADSX	Msif Advantage Port	Pair Corr
0.77	MACGX	Mid Cap Growth	Pair Corr
0.77	MAPPX	Advantage Portfolio Class	Pair Corr
0.31	MRHYX	Msift High Yield	Pair Corr

Related Correlations Analysis

	ICSAX	CCMSX	SCYVX	AATSX	IUSCX	HRVIX	CIPNX
ICSAX		0.0	0.92	0.92	0.92	0.88	0.96	ICSAX
CCMSX	0.0		0.0	0.0	0.0	0.0	0.0	CCMSX
SCYVX	0.92	0.0		0.9	0.95	0.97	0.93	SCYVX
AATSX	0.92	0.0	0.9		0.87	0.9	0.93	AATSX
IUSCX	0.92	0.0	0.95	0.87		0.91	0.89	IUSCX
HRVIX	0.88	0.0	0.97	0.9	0.91		0.91	HRVIX
CIPNX	0.96	0.0	0.93	0.93	0.89	0.91		CIPNX
	ICSAX	CCMSX	SCYVX	AATSX	IUSCX	HRVIX	CIPNX

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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

HRVIX	+ 0.97	SCYVX
CIPNX	+ 0.96	ICSAX
IUSCX	+ 0.95	SCYVX
CIPNX	+ 0.93	SCYVX
CIPNX	+ 0.93	AATSX
SCYVX	+ 0.92	ICSAX

High negative correlations

CIPNX	- 0.0	CCMSX
HRVIX	- 0.0	CCMSX
IUSCX	- 0.0	CCMSX
AATSX	- 0.0	CCMSX
SCYVX	- 0.0	CCMSX
CCMSX	- 0.0	ICSAX

Risk-Adjusted Indicators

There is a big difference between Msif Mutual Fund performing well and Msif Emerging 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 Msif Emerging'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
ICSAX	0.77	0.03	0.02	0.10	0.96	(0.91)	1.70	(1.22)	10.31
CCMSX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SCYVX	0.90	(0.05)	0.00	(0.15)	0.00	0.00	1.75	(1.46)	10.44
AATSX	0.88	(0.05)	0.00	(0.09)	0.00	0.00	2.03	(1.22)	11.56
IUSCX	0.87	0.01	0.00	0.04	1.04	(1.05)	1.79	(1.43)	10.40
HRVIX	0.84	(0.09)	0.00	(1.89)	0.00	0.00	1.60	(1.60)	10.64
CIPNX	0.97	0.00	0.00	0.01	2.24	(0.88)	1.64	(1.49)	16.78

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