Growth Portfolio Correlations

MSEGX Fund

USD 52.52 0.14 0.27%

The current 90-days correlation between Growth Portfolio Class and Mid Cap Growth is 0.97 (i.e., Almost no diversification). The correlation of Growth Portfolio 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.

Growth Portfolio Correlation With Market

Poor diversification

The correlation between Growth Portfolio Class and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Portfolio Class 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 Growth Portfolio Class. 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.

Moving together with Growth Mutual Fund

0.87	MLMAX	Global E Portfolio	Pair Corr
0.87	MLMCX	Global E Portfolio	Pair Corr
0.87	MLNSX	Global Centrated Por	Pair Corr
0.88	MLMIX	Global E Portfolio	Pair Corr
0.88	MLMSX	Global E Portfolio	Pair Corr
0.86	MLNCX	Global Centrated Por	Pair Corr
0.86	MLNAX	Global Centrated Por	Pair Corr
0.87	MLNIX	Global Centrated Por	Pair Corr
1.0	MMCGX	Mid Cap Growth	Pair Corr
0.85	THYUX	High Yield Fund	Pair Corr
1.0	MPAIX	Advantage Portfolio Class	Pair Corr
1.0	MPEGX	Mid Cap Growth	Pair Corr
0.91	TLGUX	Large Cap Equity	Pair Corr
0.68	MRETX	Msif Real Estate	Pair Corr
0.89	MRHYX	Msift High Yield	Pair Corr
0.9	MAAQX	Morgan Stanley Insti	Pair Corr
0.63	MAAWX	Morgan Stanley Insti	Pair Corr
0.9	MAAUX	Morgan Stanley Insti	Pair Corr

Moving against Growth Mutual Fund

0.79	TIEUX	International Equity	Pair Corr
0.72	TIIUX	Core Fixed Income	Pair Corr
0.68	TILUX	Inflation Linked Fixed	Pair Corr
0.65	MPFDX	Corporate Bond Portfolio	Pair Corr
0.68	MSBOX	Corporate Bond Portfolio	Pair Corr
0.66	MSBDX	Morgan Stanley Insti	Pair Corr
0.66	MSBEX	Morgan Stanley Insti	Pair Corr
0.51	MRJCX	Real Assets Portfolio	Pair Corr
0.47	MRJAX	Real Assets Portfolio	Pair Corr
0.45	MRJIX	Real Assets Portfolio	Pair Corr
0.45	MRJSX	Real Assets Portfolio	Pair Corr

Related Correlations Analysis

	MACGX	CPOAX	MSSMX	BGSAX	ACFOX
MACGX		1.0	1.0	0.84	0.95	MACGX
CPOAX	1.0		1.0	0.82	0.95	CPOAX
MSSMX	1.0	1.0		0.81	0.93	MSSMX
BGSAX	0.84	0.82	0.81		0.94	BGSAX
ACFOX	0.95	0.95	0.93	0.94		ACFOX
	MACGX	CPOAX	MSSMX	BGSAX	ACFOX

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Risk-Adjusted Indicators

There is a big difference between Growth Mutual Fund performing well and Growth Portfolio 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 Growth Portfolio'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
MACGX	1.24	0.37	0.32	0.41	0.76	(1.54)	3.24	(1.50)	7.25
CPOAX	1.23	0.43	0.38	0.45	0.67	(1.59)	3.17	(1.95)	7.47
MSSMX	1.45	0.41	0.30	0.39	1.11	(1.81)	3.47	(2.37)	7.29
BGSAX	0.98	0.01	0.01	0.13	1.47	(0.98)	1.88	(2.49)	6.74
ACFOX	0.92	0.07	0.06	0.19	1.21	(0.95)	1.91	(2.13)	6.02

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