Matthews Asia Small Fund Market Value
| MSMLX Fund | USD 24.44 0.32 1.29% |
| Symbol | Matthews |
Matthews Asia 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Matthews Asia's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Matthews Asia.
| 04/26/2023 |
| 04/20/2024 |
If you would invest 0.00 in Matthews Asia on April 26, 2023 and sell it all today you would earn a total of 0.00 from holding Matthews Asia Small or generate 0.0% return on investment in Matthews Asia over 360 days. Matthews Asia is related to or competes with Matthews Asia, Matthews Asia, Matthews Asia, Matthews Asian, and Matthews Pacific. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80 percent of its n... More
Matthews Asia Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Matthews Asia's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Matthews Asia Small upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 6.0 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 1.26 |
Matthews Asia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Matthews Asia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Matthews Asia's standard deviation. In reality, there are many statistical measures that can use Matthews Asia historical prices to predict the future Matthews Asia's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Matthews Asia's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Matthews Asia Small Backtested Returns
Matthews Asia Small has Sharpe Ratio of -0.0285, which conveys that the entity had a -0.0285% return per unit of risk over the last 3 months. Matthews Asia exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Matthews Asia's Risk Adjusted Performance of (0.02), mean deviation of 0.6456, and Standard Deviation of 0.8978 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.65, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Matthews Asia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Matthews Asia is expected to be smaller as well.
Auto-correlation | 0.59 |
Modest predictability
Matthews Asia Small has modest predictability. Overlapping area represents the amount of predictability between Matthews Asia time series from 26th of April 2023 to 23rd of October 2023 and 23rd of October 2023 to 20th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Matthews Asia Small price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Matthews Asia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.74 |
Matthews Asia Small lagged returns against current returns
Autocorrelation, which is Matthews Asia mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Matthews Asia's mutual fund expected returns. We can calculate the autocorrelation of Matthews Asia returns to help us make a trade decision. For example, suppose you find that Matthews Asia has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Matthews Asia regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Matthews Asia mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Matthews Asia mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Matthews Asia mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Matthews Asia Lagged Returns
When evaluating Matthews Asia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Matthews Asia mutual fund have on its future price. Matthews Asia autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Matthews Asia autocorrelation shows the relationship between Matthews Asia mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Matthews Asia Small.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Matthews Asia in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Matthews Asia's short interest history, or implied volatility extrapolated from Matthews Asia options trading.
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Matthews Asia technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.