1. Source: Morgan Stanley Research. Morgan Stanley Cross-Asset Correlation Index.
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Correlation is a statistical measure of how two securities move in relation to each other.
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The Morgan Stanley Credit-Equity Correlation Index represents the average correlation between the following indices: SP500/ US HY Spread; SP6500/US IG Spread; MSCI Europe: EUR IG Spread; FTSE1 100/GBP IG Spread; MSCI EM/EM Sov Spread.
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