Msif Emerging Correlations

MRGEX Fund

USD 22.33 0.12 0.54%

The current 90-days correlation between Msif Emerging Markets and Tax Managed International Equity is 0.1 (i.e., Average 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

Good diversification

The correlation between Msif Emerging Markets and DJI is -0.03 (i.e., Good 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 income.

Moving together with Msif Mutual Fund

0.68	TEMUX	Emerging Markets Equity	Pair Corr
0.69	MMKBX	Emerging Markets Por	Pair Corr
0.69	MMMPX	Msif Emerging Markets	Pair Corr
0.71	MNOPX	International Opportunity	Pair Corr
0.65	TIEUX	International Equity	Pair Corr
0.76	MPBAX	Global Strategist	Pair Corr
0.61	MRJCX	Real Assets Portfolio	Pair Corr
0.63	MRNPX	Msif International	Pair Corr
0.64	MAIJX	Morgan Stanley Insti	Pair Corr
0.67	MAIHX	Morgan Stanley Insti	Pair Corr

Related Correlations Analysis

	RTIUX	WABMSX	PRVBX	FTUFOX	VIPIX	JTSQX	FMUUX
RTIUX		0.38	0.81	0.69	0.86	0.19	0.62	RTIUX
WABMSX	0.38		0.2	0.09	0.25	0.88	0.21	WABMSX
PRVBX	0.81	0.2		0.69	0.97	0.07	0.69	PRVBX
FTUFOX	0.69	0.09	0.69		0.72	-0.09	0.42	FTUFOX
VIPIX	0.86	0.25	0.97	0.72		0.1	0.72	VIPIX
JTSQX	0.19	0.88	0.07	-0.09	0.1		0.06	JTSQX
FMUUX	0.62	0.21	0.69	0.42	0.72	0.06		FMUUX
	RTIUX	WABMSX	PRVBX	FTUFOX	VIPIX	JTSQX	FMUUX

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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

VIPIX	+ 0.97	PRVBX
JTSQX	+ 0.88	WABMSX
VIPIX	+ 0.86	RTIUX
PRVBX	+ 0.81	RTIUX
VIPIX	+ 0.72	FTUFOX
FMUUX	+ 0.72	VIPIX

High negative correlations

JTSQX

- 0.09

FTUFOX

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
RTIUX	0.61	0.14	0.19	0.26	0.63	(0.69)	1.47	(1.41)	5.02
WABMSX	0.61	0.03	0.06	0.02	0.79	(0.62)	1.38	(1.29)	3.66
PRVBX	0.10	0.02	0.47	0.97	0.00	(0.13)	0.23	(0.14)	0.53
FTUFOX	0.10	0.00	0.33	0.22	0.00	(0.11)	0.20	(0.19)	0.60
VIPIX	0.21	0.04	0.27	0.85	0.02	(0.27)	0.53	(0.42)	1.30
JTSQX	0.62	0.00	0.04	0.19	0.85	(0.60)	1.22	(1.27)	3.69
FMUUX	0.03	0.00	0.00	(0.06)	0.00	0.00	0.10	0.00	0.40

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