Morgan Stanley Correlations

MORGX Fund

USD 7.65 0.01 0.13%

The current 90-days correlation between Morgan Stanley Mortgage and Large Cap Growth Profund is 0.07 (i.e., Significant 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

Significant diversification

The correlation between Morgan Stanley Mortgage and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Morgan Stanley Mortgage 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 Mortgage. 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 price.

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

0.84	DINDX	Global Fixed Income	Pair Corr
0.71	DINCX	Global Fixed Income	Pair Corr
0.71	DINAX	Global Fixed Income	Pair Corr
0.67	MPFDX	Corporate Bond Portfolio	Pair Corr

Moving against Morgan Mutual Fund

0.36	MRGOX	Msif Global Infrastr	Pair Corr
0.59	MRLEX	Msif Global Real	Pair Corr
0.49	MRLBX	Global Real Estate	Pair Corr
0.49	MRLAX	Global Real Estate	Pair Corr

Related Correlations Analysis

	LGPIX	DALVX	JDVNX	TFCCX	LMUSX	MTCGX
LGPIX		0.46	0.41	0.39	0.88	0.86	LGPIX
DALVX	0.46		0.88	0.92	0.78	0.59	DALVX
JDVNX	0.41	0.88		0.84	0.72	0.51	JDVNX
TFCCX	0.39	0.92	0.84		0.73	0.59	TFCCX
LMUSX	0.88	0.78	0.72	0.73		0.87	LMUSX
MTCGX	0.86	0.59	0.51	0.59	0.87		MTCGX
	LGPIX	DALVX	JDVNX	TFCCX	LMUSX	MTCGX

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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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LGPIX	0.65	0.09	0.06	7.22	0.95	(0.60)	1.50	(1.54)	5.87
DALVX	0.47	(0.02)	0.00	(0.16)	0.00	0.00	1.08	(0.69)	5.18
JDVNX	0.70	(0.20)	0.00	(1.93)	0.00	0.00	1.12	(0.98)	6.86
TFCCX	0.51	(0.03)	0.00	(0.02)	0.00	0.00	0.83	(0.69)	5.58
LMUSX	0.63	0.03	0.02	0.12	1.06	(0.65)	1.10	(1.49)	6.37
MTCGX	0.78	0.06	0.05	0.10	1.17	(0.72)	1.58	(2.12)	5.71

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