Morgan Stanley China A Share Fund (Morgan Stanley China A Share Fund) GF Value Rank : 0 (As of Jun. 04, 2024)

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What is Morgan Stanley China A Share Fund GF Value Rank?

Morgan Stanley China A Share Fund has the GF Value Rank of 0.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Morgan Stanley China A Share Fund GF Value Rank Related Terms

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Morgan Stanley China A Share Fund (Morgan Stanley China A Share Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Morgan Stanley China A Share Fund Inc (NYSE:CAF) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

522 Fifth Avenue, New York, NY, USA, 10036

Website

https://www.morganstanley.com

Morgan Stanley China A Share Fund Inc is the United States based non-diversified, closed-end management investment company. Its investment objective is to seek capital growth by investing a majority of its assets in A-shares of Chinese companies listed on the Shanghai and Shenzhen Stock Exchanges. Its portfolio of investments consists of investment in different sectors such as the aerospace and defense, banks, automobiles, household durables, media, pharmaceuticals, software and other sectors.

Executives

Michael J Key	officer: Vice President	1633 BROADWAY, 29TH FLOOR, NEW YORK NY 10019
Frances Cashman	other: Advisory Board Member	MORGAN STANLEY INVESTMENT MANAGEMENT, 1633 BROADWAY 29TH FLOOR, NEW YORK NY 10019
Eddie Arthur Grier	other: Advisory Board Member	11700 PLAZA AMERICA DRIVE, SUITE 500, RESTON VA 20190
Deidre Downes	officer: Chief Compliance Officer	1633 BROADWAY, 29TH FLOOR, NEW YORK NY 10019
Amay Ashok Hattangadi	officer: Portfolio Manager	522 5TH AVENUE, NEW YORK NY 10036
Leon Sun	officer: Portfolio Manager	522 5TH AVENUE, NEW YORK NY 10036
Patricia A Maleski	director	C/O J P MORGAN INVESTMENT MANAGEMENT INC, 522 FIFTH AVENUE, NEW YORK NY 10036
Timothy J Knierim	officer: CCO	100 MULBERRY STREET, NEWARK NJ 07102
Jakki L. Haussler	director	221 EAST FOURTH STREET, CINCINNATI OH 45202
Nancy Everett	director	1812 PARK AVE, RICHMOND VA 23220
Joseph C Benedetti	officer: Vice President	C/O INVESCO, 225 LIBERTY STREET, NEW YORK NY 10281
John H Gernon	officer: Principle Executive Officer	522 5TH AVENUE, NEW YORK NY 10036
Samuel Gene Rhee	other: Portfolio Manager	522 FIFTH AVENUE 19TH FLOOR, NEW YORK NY 10036
May Yu	other: Portfolio Manager	MORGAN STANLEY INVESTMENT MANAGEMENT INC, 522 5TH AVENUE, NEW YORK X1 10036
Kar Heng Cheung	other: Portfolio Manager	522 FIFTH AVENUE 19TH FLOOR, NEW YORK NY 10036