Morgan Stanley Related Correlations

CAF Fund

USD 12.04 0.03 0.25%

Generate correlation matrix for Morgan Stanley and other related equities to check the degree to which Morgan Stanley China price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Morgan Stanley China. To filter out specific equities, please toggle its corresponding legend item. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Morgan Stanley China. Also, note that the market value of any fund could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

For more detail on how to invest in Morgan Fund please use our How to Invest in Morgan Stanley guide.

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Please note, there is a significant difference between Morgan Stanley's value and its price as these two are different measures arrived at by different means. Investors typically determine if Morgan Stanley is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Morgan Stanley's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

	MXF	NXG	CEE	JOF	MCR	EEA	JEQ	KF	SWZ	GF
MXF		0.35	0.03	0.23	0.46	0.24	0.17	0.35	0.15	0.5	MXF
NXG	0.35		-0.33	0.64	-0.43	0.72	0.65	0.79	-0.21	0.67	NXG
CEE	0.03	-0.33		-0.39	0.17	-0.32	-0.38	-0.41	0.01	-0.23	CEE
JOF	0.23	0.64	-0.39		0.03	0.85	0.9	0.86	0.22	0.75	JOF
MCR	0.46	-0.43	0.17	0.03		-0.08	-0.12	-0.13	0.63	0.11	MCR
EEA	0.24	0.72	-0.32	0.85	-0.08		0.89	0.93	0.28	0.81	EEA
JEQ	0.17	0.65	-0.38	0.9	-0.12	0.89		0.91	0.08	0.75	JEQ
KF	0.35	0.79	-0.41	0.86	-0.13	0.93	0.91		0.04	0.81	KF
SWZ	0.15	-0.21	0.01	0.22	0.63	0.28	0.08	0.04		0.25	SWZ
GF	0.5	0.67	-0.23	0.75	0.11	0.81	0.75	0.81	0.25		GF
	MXF	NXG	CEE	JOF	MCR	EEA	JEQ	KF	SWZ	GF

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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

KF	+ 0.93	EEA
KF	+ 0.91	JEQ
JEQ	+ 0.9	JOF
JEQ	+ 0.89	EEA
KF	+ 0.86	JOF
EEA	+ 0.85	JOF

High negative correlations

MCR	- 0.43	NXG
KF	- 0.41	CEE
JOF	- 0.39	CEE
JEQ	- 0.38	CEE
CEE	- 0.33	NXG
EEA	- 0.32	CEE

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
MXF	0.73	(0.06)	0.00	(0.02)	0.00	0.00	1.88	(1.63)	4.42
NXG	0.95	0.15	0.04	(0.86)	1.68	(0.90)	1.73	(2.97)	8.71
CEE	0.71	(0.08)	0.00	(0.17)	0.00	0.00	1.46	(1.82)	6.02
JOF	0.67	(0.08)	0.00	(0.23)	0.00	0.00	1.32	(1.56)	3.66
MCR	0.37	(0.09)	0.00	(0.13)	0.00	0.00	0.64	(0.79)	2.73
EEA	0.52	(0.03)	(0.07)	0.01	0.71	(0.52)	1.11	(1.05)	3.78
JEQ	0.77	(0.02)	0.00	(0.12)	0.00	0.00	1.47	(1.61)	5.80
KF	0.94	0.06	0.05	0.11	1.10	(1.05)	1.95	(2.17)	5.79
SWZ	0.53	(0.12)	0.00	(0.23)	0.00	0.00	0.90	(1.42)	3.65
GF	0.56	(0.08)	0.00	(0.04)	0.00	0.00	0.97	(1.15)	3.53

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Morgan Stanley Related Correlations

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