Morgan Stanley Correlations

EDD Fund

USD 5.53 0.01 0.18%

The current 90-days correlation between Morgan Stanley Emerging and Redwood Real Estate is -0.07 (i.e., Good 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.

Morgan Stanley Correlation With Market

Modest diversification

The correlation between Morgan Stanley Emerging and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Morgan Stanley Emerging and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Morgan Stanley Emerging. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in commodities.

For information on how to trade Morgan Fund refer to our How to Trade Morgan Fund guide.

Related Correlations Analysis

	CREMX	VRREX	FIKMX	PNDIX	RRRZX	RRSCX	JYEBX
CREMX		0.08	0.42	1.0	0.05	0.0	0.49	CREMX
VRREX	0.08		0.7	0.1	0.71	0.79	0.76	VRREX
FIKMX	0.42	0.7		0.44	0.81	0.85	0.68	FIKMX
PNDIX	1.0	0.1	0.44		0.06	0.01	0.5	PNDIX
RRRZX	0.05	0.71	0.81	0.06		0.95	0.57	RRRZX
RRSCX	0.0	0.79	0.85	0.01	0.95		0.58	RRSCX
JYEBX	0.49	0.76	0.68	0.5	0.57	0.58		JYEBX
	CREMX	VRREX	FIKMX	PNDIX	RRRZX	RRSCX	JYEBX

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

PNDIX	+ 1.0	CREMX
RRSCX	+ 0.95	RRRZX
RRSCX	+ 0.85	FIKMX
RRRZX	+ 0.81	FIKMX
RRSCX	+ 0.79	VRREX
JYEBX	+ 0.76	VRREX

High negative correlations

RRSCX

- 0.0

CREMX

Risk-Adjusted Indicators

There is a big difference between Morgan Fund performing well and Morgan Stanley 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
CREMX	0.03	0.01	0.00	(1.61)	0.00	0.00	0.08	0.00	0.72
VRREX	0.61	0.00	(0.06)	0.03	0.85	(0.61)	1.34	(1.29)	3.92
FIKMX	0.17	0.00	(0.17)	0.04	0.17	(0.23)	0.41	(0.41)	1.23
PNDIX	0.04	0.01	0.00	(0.71)	0.00	0.00	0.10	0.00	0.60
RRRZX	0.59	(0.04)	0.00	(0.03)	0.00	0.00	1.23	(1.15)	3.67
RRSCX	0.50	(0.03)	(0.08)	(0.01)	0.70	(0.51)	1.02	(1.04)	3.16
JYEBX	0.62	0.03	(0.02)	0.24	0.75	(0.65)	1.47	(1.50)	3.48

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC