Morgan Stanley Correlations

USGCX Fund

USD 6.86 0.03 0.44%

The current 90-days correlation between Morgan Stanley Government and Ashmore Emerging Markets is 0.57 (i.e., Very weak 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

Good diversification

The correlation between Morgan Stanley Government and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Morgan Stanley Government and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Morgan Stanley Government. 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 main economic indicators.

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

0.7	TEMUX	Emerging Markets Equity	Pair Corr
0.91	DINCX	Global Fixed Income	Pair Corr
0.9	DINAX	Global Fixed Income	Pair Corr
0.85	TIEUX	International Equity	Pair Corr
0.98	TIIUX	Core Fixed Income	Pair Corr
0.84	TILUX	Inflation Linked Fixed	Pair Corr
0.95	MORGX	Morgan Stanley Mortgage	Pair Corr
0.61	MPBAX	Global Strategist	Pair Corr
0.97	MPFDX	Corporate Bond Portfolio	Pair Corr
0.77	MRJCX	Real Assets Portfolio	Pair Corr
0.78	MRJAX	Real Assets Portfolio	Pair Corr
0.78	MRJIX	Real Assets Portfolio	Pair Corr
0.78	MRJSX	Real Assets Portfolio	Pair Corr
0.85	MAIJX	Morgan Stanley Insti	Pair Corr
0.85	MAIHX	Morgan Stanley Insti	Pair Corr
0.97	MSBOX	Corporate Bond Portfolio	Pair Corr
0.64	MSAQX	Asia Opportunity Por	Pair Corr

Moving against Morgan Mutual Fund

0.47	MMCGX	Mid Cap Growth	Pair Corr
0.47	MPEGX	Mid Cap Growth	Pair Corr
0.43	MPAIX	Advantage Portfolio Class	Pair Corr
0.76	MSFEX	Frontier Markets Por	Pair Corr
0.69	MSCOX	Msif Small Pany	Pair Corr
0.68	MSDOX	Morgan Stanley Insti	Pair Corr
0.67	MSDQX	Morgan Stanley Susta	Pair Corr
0.66	MSDUX	Morgan Stanley Insti	Pair Corr
0.52	MSCMX	Morgan Stanley Multi	Pair Corr
0.47	MACGX	Mid Cap Growth	Pair Corr
0.44	MAAOX	Morgan Stanley Insti	Pair Corr
0.44	MAPLX	Advantage Portfolio Class	Pair Corr

Related Correlations Analysis

	IGIEX	CDHIX	DBELX	FWOKX	ZEMIX	KMKCX	FEMDX
IGIEX		0.91	0.88	0.81	0.8	0.1	0.95	IGIEX
CDHIX	0.91		0.95	0.88	0.87	0.18	0.94	CDHIX
DBELX	0.88	0.95		0.84	0.87	0.02	0.86	DBELX
FWOKX	0.81	0.88	0.84		0.92	0.41	0.87	FWOKX
ZEMIX	0.8	0.87	0.87	0.92		0.24	0.83	ZEMIX
KMKCX	0.1	0.18	0.02	0.41	0.24		0.31	KMKCX
FEMDX	0.95	0.94	0.86	0.87	0.83	0.31		FEMDX
	IGIEX	CDHIX	DBELX	FWOKX	ZEMIX	KMKCX	FEMDX

Click cells to compare fundamentals

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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
IGIEX	0.24	0.04	0.13	7.16	0.09	(0.32)	0.61	(0.48)	1.59
CDHIX	0.68	0.12	0.13	(0.63)	0.74	(0.72)	1.44	(1.24)	4.90
DBELX	0.32	0.06	0.17	22.14	0.14	(0.44)	0.71	(0.48)	1.78
FWOKX	0.76	0.10	0.09	0.16	0.96	(0.77)	1.38	(1.35)	6.10
ZEMIX	0.76	0.08	0.08	0.20	0.89	(0.84)	1.70	(1.67)	5.50
KMKCX	1.47	0.14	0.06	0.13	2.10	(1.47)	3.20	(3.36)	10.16
FEMDX	0.15	0.04	0.20	2.50	0.00	(0.21)	0.42	(0.25)	1.11

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