Matthews Asia Correlations

Mutual Funds . USA . 
Fund . Matthews Asia Innovators
MATFX Fund  USD 15.15  0.11  0.73%   
The current 90-days correlation between Matthews Asia Innovators and Matthews Pacific Tiger is -0.04 (i.e., Good diversification). The correlation of Matthews Asia 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 Asia Correlation With Market

Good diversification

The correlation between Matthews Asia Innovators and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Matthews Asia Innovators 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 Asia Innovators. 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 census.

Moving together with Matthews Mutual Fund

  0.96MPACX Matthews Asia GrowthPairCorr
  0.98MAPTX Matthews Pacific TigerPairCorr
  0.98MAPIX Matthews Asia DividendPairCorr
  0.97MASGX Matthews Asia EsgPairCorr
  0.97MSMLX Matthews Asia SmallPairCorr
  0.98MCDFX Matthews China DividendPairCorr
  0.94MCHFX Matthews China Steady GrowthPairCorr
  0.96MCSMX Matthews China Small Steady GrowthPairCorr
  0.98MEGMX Matthews Emerging MarketsPairCorr
  0.98MIAPX Matthews Asia GrowthPairCorr
  0.98MICDX Matthews China DividendPairCorr
  0.96MICHX Matthews China Small Steady GrowthPairCorr
  0.94MICFX Matthews China Steady GrowthPairCorr
  0.98MIEFX Matthews Emerging MarketsPairCorr
  0.85MIDNX Matthews IndiaPairCorr
  0.81MIJFX Matthews JapanPairCorr
  0.8MINDX Matthews IndiaPairCorr
  0.98MIPIX Matthews Asia DividendPairCorr
  1.0MIPTX Matthews Pacific TigerPairCorr
  0.98MITEX Matthews Asia Innovators Steady GrowthPairCorr
  0.97MISFX Matthews Asia EsgPairCorr
  0.97MISMX Matthews Asia SmallPairCorr
  0.81MJFOX Matthews JapanPairCorr
  0.98PNSIX T Rowe PricePairCorr
  1.0PRASX T Rowe PricePairCorr
  1.0TRZNX T Rowe PricePairCorr
  0.98FSEAX Fidelity Emerging AsiaPairCorr
  0.96ASIYX Invesco Asia PacificPairCorr
  0.96ASISX Invesco Asia PacificPairCorr
  0.98FTYPX Fidelity Freedom IndexPairCorr
  0.98FFBTX Fidelity Freedom BlendPairCorr
  0.72GAAVX Gmo Alternative AlloPairCorr
  0.95GCAVX Gmo Small CapPairCorr
  0.97GQLOX Gmo Quality FundPairCorr
  0.97GHVIX Gmo High YieldPairCorr
  0.98GMCQX Gmo Equity AllocationPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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