Msvif Emerging Correlations

MEMEX Fund

USD 13.88 0.03 0.22%

The current 90-days correlation between Msvif Emerging Mkts and Vanguard Windsor Fund is 0.42 (i.e., Very weak diversification). The correlation of Msvif Emerging 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.

Msvif Emerging Correlation With Market

Weak diversification

The correlation between Msvif Emerging Mkts and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Msvif Emerging Mkts 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 Msvif Emerging Mkts. 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 income.

Moving together with Msvif Mutual Fund

0.89	VGTSX	Vanguard Total Inter	Pair Corr
0.89	VTIAX	Vanguard Total Inter	Pair Corr
0.74	NHS	Neuberger Berman High	Pair Corr
0.7	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.72	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.87	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr

Moving against Msvif Mutual Fund

0.61	PFHCX	Pacific Funds Small	Pair Corr
0.36	JPM	JPMorgan Chase Sell-off Trend	Pair Corr

Related Correlations Analysis

	VWNDX	LMTIX	LMISX	LMUSX	AMONX	SBQAX
VWNDX		0.96	0.96	0.96	0.96	0.96	VWNDX
LMTIX	0.96		1.0	1.0	1.0	0.97	LMTIX
LMISX	0.96	1.0		1.0	1.0	0.97	LMISX
LMUSX	0.96	1.0	1.0		1.0	0.97	LMUSX
AMONX	0.96	1.0	1.0	1.0		0.97	AMONX
SBQAX	0.96	0.97	0.97	0.97	0.97		SBQAX
	VWNDX	LMTIX	LMISX	LMUSX	AMONX	SBQAX

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Risk-Adjusted Indicators

There is a big difference between Msvif Mutual Fund performing well and Msvif Emerging 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 Msvif Emerging'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
VWNDX	0.56	(0.02)	(0.06)	0.11	0.45	(0.65)	1.07	(0.91)	3.78
LMTIX	0.60	0.04	0.02	0.17	0.72	(0.69)	1.33	(1.49)	4.07
LMISX	0.60	0.04	0.02	0.17	0.73	(0.70)	1.28	(1.49)	4.05
LMUSX	0.60	0.03	0.02	0.17	0.72	(0.69)	1.28	(1.49)	4.08
AMONX	0.69	0.03	0.03	0.16	0.83	(0.73)	1.63	(1.30)	4.55
SBQAX	0.64	0.03	0.03	0.16	0.62	(0.78)	1.41	(1.11)	4.87

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