Matthews Asian Correlations

Mutual Funds . USA . 
Fund . Matthews Asian Growth
MACSX Fund  USD 13.35  0.12  0.89%   
The current 90-days correlation between Matthews Asian Growth and Matthews Pacific Tiger is 0.96 (i.e., Almost no diversification). The correlation of Matthews Asian 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.

Matthews Asian Correlation With Market

Weak diversification

The correlation between Matthews Asian Growth and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Matthews Asian Growth 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 Matthews Asian Growth. 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 state.

Moving together with Matthews Mutual Fund

  0.89MPACX Matthews Asia GrowthPairCorr
  0.99MAPTX Matthews Pacific TigerPairCorr
  0.95MAPIX Matthews Asia DividendPairCorr
  0.98MASGX Matthews Asia EsgPairCorr
  0.94MATFX Matthews Asia InnovatorsPairCorr
  0.63MSMLX Matthews Asia SmallPairCorr
  0.94MCDFX Matthews China DividendPairCorr
  0.91MCHFX Matthews ChinaPairCorr
  0.89MCSMX Matthews China SmallPairCorr
  0.98MEGMX Matthews Emerging MarketsPairCorr
  0.96MIAPX Matthews Asia GrowthPairCorr
  0.94MICDX Matthews China DividendPairCorr
  0.89MICHX Matthews China SmallPairCorr
  0.91MICFX Matthews ChinaPairCorr
  0.96MICSX Matthews Asian GrowthPairCorr
  0.98MIEFX Matthews Emerging MarketsPairCorr
  0.95MIPIX Matthews Asia DividendPairCorr
  0.94MIPTX Matthews Pacific TigerPairCorr
  0.94MITEX Matthews Asia InnovatorsPairCorr
  0.98MISFX Matthews Asia EsgPairCorr
  0.64MISMX Matthews Asia SmallPairCorr
  0.99PNSIX T Rowe PricePairCorr
  0.99PRASX T Rowe PricePairCorr
  0.99TRZNX T Rowe PricePairCorr
  0.91FSEAX Fidelity Emerging AsiaPairCorr
  0.98ASIYX Invesco Asia PacificPairCorr
  0.98ASISX Invesco Asia PacificPairCorr

Moving against Matthews Mutual Fund

  0.57PQTIX Aa Pimco TrPairCorr
  0.49PQTAX Pimco Trends ManagedPairCorr
  0.48PQTNX Pimco Trends ManagedPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Matthews Mutual Fund performing well and Matthews Asian 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 Matthews Asian'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.

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