Msif International Correlations

MRNPX Fund

USD 29.69 0.57 1.88%

The current 90-days correlation between Msif International and International Equity Portfolio is 0.82 (i.e., Very poor diversification). The correlation of Msif International 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 International Correlation With Market

Poor diversification

The correlation between Msif International Opportunity and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Msif International Opportunity 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 International Opportunity. 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 american community survey.

Moving together with Msif Mutual Fund

0.85	TEMUX	Emerging Markets Equity	Pair Corr
0.74	MLNAX	Global Centrated Por	Pair Corr
0.8	MMKBX	Emerging Markets Por	Pair Corr
0.8	MMMPX	Msif Emerging Markets Potential Growth	Pair Corr
1.0	MNOPX	International Opportunity	Pair Corr
0.76	THYUX	High Yield Fund	Pair Corr
0.65	TILUX	Inflation Linked Fixed	Pair Corr
0.64	MPFDX	Corporate Bond Portfolio	Pair Corr
0.76	MRJCX	Real Assets Portfolio	Pair Corr
0.82	MRHYX	Msift High Yield	Pair Corr
0.76	MRJSX	Real Assets Portfolio	Pair Corr
0.72	MSACX	Active International	Pair Corr
0.95	MSDLX	Global Strategist	Pair Corr
0.94	MSEEX	Morgan Stanley European	Pair Corr
0.79	MSECX	Msif Intl Equity	Pair Corr
0.77	MSHOX	Morgan Stanley Insti	Pair Corr
0.72	MSIBX	Active International	Pair Corr
0.79	MSHDX	High Yield Portfolio	Pair Corr
0.73	MSLLX	Active International	Pair Corr

Related Correlations Analysis

	MSQLX	TMUUX	MSPTX	MSPRX	MSSMX	MSSLX	MSSOX	MBAAX	MSRFX
MSQLX		0.5	-0.2	-0.15	-0.48	-0.49	0.84	0.86	-0.6	MSQLX
TMUUX	0.5		0.17	0.22	-0.11	-0.11	0.6	0.6	-0.01	TMUUX
MSPTX	-0.2	0.17		0.98	0.93	0.93	0.3	0.27	0.63	MSPTX
MSPRX	-0.15	0.22	0.98		0.89	0.88	0.34	0.31	0.64	MSPRX
MSSMX	-0.48	-0.11	0.93	0.89		1.0	0.01	-0.02	0.76	MSSMX
MSSLX	-0.49	-0.11	0.93	0.88	1.0		0.0	-0.02	0.76	MSSLX
MSSOX	0.84	0.6	0.3	0.34	0.01	0.0		1.0	-0.25	MSSOX
MBAAX	0.86	0.6	0.27	0.31	-0.02	-0.02	1.0		-0.27	MBAAX
MSRFX	-0.6	-0.01	0.63	0.64	0.76	0.76	-0.25	-0.27		MSRFX
	MSQLX	TMUUX	MSPTX	MSPRX	MSSMX	MSSLX	MSSOX	MBAAX	MSRFX

Click cells to compare fundamentals

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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

MSSLX	+ 1.0	MSSMX
MBAAX	+ 1.0	MSSOX
MSPRX	+ 0.98	MSPTX
MSSMX	+ 0.93	MSPTX
MSSLX	+ 0.93	MSPTX
MSSMX	+ 0.89	MSPRX

High negative correlations

MSRFX	- 0.6	MSQLX
MSSLX	- 0.49	MSQLX
MSSMX	- 0.48	MSQLX
MSRFX	- 0.27	MBAAX
MSRFX	- 0.25	MSSOX
MSPTX	- 0.2	MSQLX

Risk-Adjusted Indicators

There is a big difference between Msif Mutual Fund performing well and Msif International 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 International'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
MSQLX	0.67	0.13	0.14	0.19	0.76	(0.74)	1.62	(1.33)	4.69
TMUUX	0.15	(0.02)	0.00	(0.52)	0.00	0.00	0.35	(0.36)	1.05
MSPTX	1.78	(0.05)	0.00	(0.06)	0.00	0.00	3.68	(3.16)	10.84
MSPRX	1.38	(0.03)	0.00	(0.05)	0.00	0.00	2.69	(2.89)	8.67
MSSMX	1.73	(0.07)	0.00	(0.06)	0.00	0.00	3.77	(3.35)	9.49
MSSLX	1.74	(0.07)	0.00	(0.06)	0.00	0.00	3.92	(3.37)	9.58
MSSOX	0.42	0.04	0.10	0.06	0.49	(0.43)	1.05	(0.70)	2.72
MBAAX	0.41	0.04	0.11	0.06	0.48	(0.43)	1.07	(0.67)	2.72
MSRFX	0.42	(0.05)	0.00	(0.20)	0.00	0.00	1.02	(0.80)	2.60

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