Ms Global Correlations

MFIRX Fund

USD 5.28 0.01 0.19%

The current 90-days correlation between Ms Global Fixed and Us Government Securities is 0.03 (i.e., Significant diversification). The correlation of Ms Global 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.

Ms Global Correlation With Market

Good diversification

The correlation between Ms Global Fixed and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ms Global Fixed 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 Ms Global Fixed. 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 metropolitan statistical area.

Moving together with MFIRX Mutual Fund

0.79	DINAX	Global Fixed Income	Pair Corr
0.7	MORGX	Morgan Stanley Mortgage	Pair Corr
0.73	MRJIX	Real Assets Portfolio	Pair Corr
0.71	MRHYX	Msift High Yield	Pair Corr
0.68	MRJSX	Real Assets Portfolio	Pair Corr
0.61	MRNPX	Msif International	Pair Corr
0.74	MSBOX	Corporate Bond Portfolio	Pair Corr
0.63	MSALX	International Advantage	Pair Corr
0.63	MSFLX	Global Franchise Por	Pair Corr
0.63	MSGFX	Global Franchise Por	Pair Corr
0.71	MSEEX	Morgan Stanley European	Pair Corr
0.64	MSFBX	Global Franchise Por	Pair Corr
0.64	MSFAX	Global Franchise Por	Pair Corr
0.69	MSIBX	Active International	Pair Corr
0.7	MSGVX	Morgan Stanley Government	Pair Corr
0.63	MSHDX	High Yield Portfolio	Pair Corr

Moving against MFIRX Mutual Fund

0.64	MSIWX	Morgan Stanley Insti	Pair Corr
0.42	MSCOX	Msif Small Pany	Pair Corr
0.39	MSFEX	Frontier Markets Por Potential Growth	Pair Corr

Related Correlations Analysis

	CGTCX	BIGLX	RGVEX	VSBIX	MXDQX	WMBDX
CGTCX		0.99	1.0	0.98	0.99	0.82	CGTCX
BIGLX	0.99		0.99	0.96	0.99	0.84	BIGLX
RGVEX	1.0	0.99		0.98	0.99	0.82	RGVEX
VSBIX	0.98	0.96	0.98		0.97	0.75	VSBIX
MXDQX	0.99	0.99	0.99	0.97		0.82	MXDQX
WMBDX	0.82	0.84	0.82	0.75	0.82		WMBDX
	CGTCX	BIGLX	RGVEX	VSBIX	MXDQX	WMBDX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between MFIRX Mutual Fund performing well and Ms Global 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 Ms Global'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
CGTCX	0.24	0.05	0.35	0.80	0.13	(0.29)	0.61	(0.42)	1.56
BIGLX	0.25	0.05	0.34	0.65	0.12	(0.32)	0.56	(0.44)	1.58
RGVEX	0.24	0.05	0.41	1.09	0.00	(0.30)	0.51	(0.42)	1.38
VSBIX	0.06	0.00	0.99	0.00	0.00	(0.08)	0.16	(0.12)	0.33
MXDQX	0.21	0.04	0.43	1.10	0.00	(0.29)	0.50	(0.37)	1.26
WMBDX	0.25	0.02	0.26	0.65	0.21	(0.31)	0.63	(0.51)	1.43

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