Correlation Between Morgan Stanley and BCAP MSCI
Specify exactly 2 symbols:
By analyzing existing cross correlation between Morgan Stanley Direct and BCAP MSCI Thailand, you can compare the effects of market volatilities on Morgan Stanley and BCAP MSCI and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Morgan Stanley with a short position of BCAP MSCI. Check out your portfolio center. Please also check ongoing floating volatility patterns of Morgan Stanley and BCAP MSCI.
Diversification Opportunities for Morgan Stanley and BCAP MSCI
0.66 | Correlation Coefficient |
Poor diversification
The 3 months correlation between Morgan and BCAP is 0.66. Overlapping area represents the amount of risk that can be diversified away by holding Morgan Stanley Direct and BCAP MSCI Thailand in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on BCAP MSCI Thailand and Morgan Stanley is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Morgan Stanley Direct are associated (or correlated) with BCAP MSCI. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BCAP MSCI Thailand has no effect on the direction of Morgan Stanley i.e., Morgan Stanley and BCAP MSCI go up and down completely randomly.
Pair Corralation between Morgan Stanley and BCAP MSCI
Given the investment horizon of 90 days Morgan Stanley Direct is expected to generate 1.0 times more return on investment than BCAP MSCI. However, Morgan Stanley Direct is 1.0 times less risky than BCAP MSCI. It trades about -0.01 of its potential returns per unit of risk. BCAP MSCI Thailand is currently generating about -0.22 per unit of risk. If you would invest 2,083 in Morgan Stanley Direct on December 28, 2024 and sell it today you would lose (18.00) from holding Morgan Stanley Direct or give up 0.86% of portfolio value over 90 days.
Time Period | 3 Months [change] |
Direction | Moves Together |
Strength | Significant |
Accuracy | 96.77% |
Values | Daily Returns |
Morgan Stanley Direct vs. BCAP MSCI Thailand
Performance |
Timeline |
Morgan Stanley Direct |
BCAP MSCI Thailand |
Morgan Stanley and BCAP MSCI Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with Morgan Stanley and BCAP MSCI
The main advantage of trading using opposite Morgan Stanley and BCAP MSCI positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Morgan Stanley position performs unexpectedly, BCAP MSCI can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in BCAP MSCI will offset losses from the drop in BCAP MSCI's long position.Morgan Stanley vs. NETGEAR | Morgan Stanley vs. Jerash Holdings | Morgan Stanley vs. AYRO Inc | Morgan Stanley vs. Mediaco Holding |
BCAP MSCI vs. BCAP SET100 | BCAP MSCI vs. BCAP Mid Small | BCAP MSCI vs. United Hero ETF | BCAP MSCI vs. WISE KTAM CSI |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Other Complementary Tools
Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |