Growth Portfolio Correlations

MSHLX Fund

USD 43.93 1.37 3.02%

The current 90-days correlation between Growth Portfolio Class and Emerging Markets Equity is -0.12 (i.e., Good 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

Significant diversification

The correlation between Growth Portfolio Class and DJI is 0.02 (i.e., Significant 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 bureau of economic analysis.

Moving together with Growth Mutual Fund

0.69	MLMAX	Global E Portfolio	Pair Corr
0.67	MLMCX	Global E Portfolio	Pair Corr
0.68	MLMIX	Global E Portfolio	Pair Corr
0.67	MLMSX	Global E Portfolio	Pair Corr
0.98	MMCGX	Mid Cap Growth	Pair Corr
0.99	MPAIX	Advantage Portfolio Class	Pair Corr
0.64	MRHYX	Msift High Yield	Pair Corr
0.98	MADSX	Msif Advantage Port	Pair Corr
0.98	MACGX	Mid Cap Growth	Pair Corr

Moving against Growth Mutual Fund

0.89	TIEUX	International Equity	Pair Corr
0.82	MMMPX	Msif Emerging Markets	Pair Corr
0.81	MRGEX	Msif Emerging Markets	Pair Corr
0.68	TEMUX	Emerging Markets Equity	Pair Corr
0.66	MRJAX	Real Assets Portfolio	Pair Corr
0.66	MRJIX	Real Assets Portfolio	Pair Corr
0.65	MRJCX	Real Assets Portfolio	Pair Corr
0.58	MMKBX	Emerging Markets Por	Pair Corr
0.57	TILUX	Inflation Linked Fixed	Pair Corr
0.53	TIFUX	International Fixed	Pair Corr
0.52	TIIUX	Core Fixed Income	Pair Corr
0.39	MPBAX	Global Strategist	Pair Corr
0.37	MPFDX	Corporate Bond Portfolio	Pair Corr
0.77	MSDKX	Morgan Stanley Insti	Pair Corr
0.76	MSDFX	Morgan Stanley Insti	Pair Corr
0.74	MSAAX	Active International	Pair Corr
0.71	MAIHX	Morgan Stanley Insti	Pair Corr
0.71	MSBEX	Morgan Stanley Insti	Pair Corr
0.71	MSBKX	Morgan Stanley Insti	Pair Corr
0.7	MSBDX	Morgan Stanley Insti	Pair Corr
0.7	MSBPX	Morgan Stanley Insti	Pair Corr
0.7	MSACX	Active International	Pair Corr

Related Correlations Analysis

	TEMUX	DINDX	DINCX	DINAX	MLMAX	MLMCX	MLNSX	MLMIX	MLMSX	MLNCX
TEMUX		-0.34	-0.21	-0.18	-0.19	-0.17	0.02	-0.18	-0.17	0.03	TEMUX
DINDX	-0.34		0.95	0.95	0.45	0.45	0.36	0.45	0.46	0.35	DINDX
DINCX	-0.21	0.95		0.97	0.3	0.3	0.24	0.3	0.31	0.24	DINCX
DINAX	-0.18	0.95	0.97		0.27	0.28	0.22	0.28	0.28	0.22	DINAX
MLMAX	-0.19	0.45	0.3	0.27		1.0	0.96	1.0	1.0	0.96	MLMAX
MLMCX	-0.17	0.45	0.3	0.28	1.0		0.96	1.0	1.0	0.96	MLMCX
MLNSX	0.02	0.36	0.24	0.22	0.96	0.96		0.96	0.96	1.0	MLNSX
MLMIX	-0.18	0.45	0.3	0.28	1.0	1.0	0.96		1.0	0.96	MLMIX
MLMSX	-0.17	0.46	0.31	0.28	1.0	1.0	0.96	1.0		0.96	MLMSX
MLNCX	0.03	0.35	0.24	0.22	0.96	0.96	1.0	0.96	0.96		MLNCX
	TEMUX	DINDX	DINCX	DINAX	MLMAX	MLMCX	MLNSX	MLMIX	MLMSX	MLNCX

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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

MLMCX	+ 1.0	MLMAX
MLMIX	+ 1.0	MLMAX
MLMSX	+ 1.0	MLMAX
MLMIX	+ 1.0	MLMCX
MLMSX	+ 1.0	MLMCX
MLNCX	+ 1.0	MLNSX

High negative correlations

DINDX	- 0.34	TEMUX
DINCX	- 0.21	TEMUX
MLMAX	- 0.19	TEMUX
MLMIX	- 0.18	TEMUX
DINAX	- 0.18	TEMUX
MLMSX	- 0.17	TEMUX

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
TEMUX	0.61	(0.19)	0.00	(1.39)	0.00	0.00	1.11	(1.71)	3.43
DINDX	0.12	(0.02)	0.00	(5.79)	0.00	0.00	0.19	(0.38)	0.76
DINCX	0.12	(0.02)	0.00	(3.79)	0.00	0.00	0.19	(0.19)	0.78
DINAX	0.12	(0.02)	0.00	(1.35)	0.00	0.00	0.19	(0.19)	0.78
MLMAX	0.54	0.03	0.03	0.25	0.73	(0.57)	0.83	(0.96)	5.47
MLMCX	0.54	0.03	0.03	0.23	0.72	(0.58)	0.87	(0.96)	5.45
MLNSX	0.61	0.04	0.03	0.16	0.78	(0.63)	1.19	(1.38)	5.60
MLMIX	0.55	0.03	0.03	0.24	0.74	(0.57)	0.86	(0.95)	5.45
MLMSX	0.55	0.03	0.03	0.23	0.74	(0.57)	0.86	(0.95)	5.50
MLNCX	0.61	0.04	0.03	0.16	0.78	(0.64)	1.17	(1.42)	5.59

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