Matthews China Correlations

Mutual Funds . USA . 
Fund . Matthews China Dividend
MCDFX Fund  USD 11.72  0.13  1.10%   
The current 90-days correlation between Matthews China Dividend and Matthews China Small is 0.95 (i.e., Almost no diversification). The correlation of Matthews China 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 China Correlation With Market

Average diversification

The correlation between Matthews China Dividend and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Matthews China Dividend 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 China Dividend. 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

  0.87MPACX Matthews Asia GrowthPairCorr
  0.94MACSX Matthews Asian GrowthPairCorr
  0.96MAPTX Matthews Pacific TigerPairCorr
  0.81MAPIX Matthews Asia DividendPairCorr
  0.94MASGX Matthews Asia EsgPairCorr
  0.96MATFX Matthews Asia InnovatorsPairCorr
  0.99MCHFX Matthews ChinaPairCorr
  0.99MCSMX Matthews China SmallPairCorr
  0.97MEGMX Matthews Emerging MarketsPairCorr
  0.89MIAPX Matthews Asia GrowthPairCorr
  1.0MICDX Matthews China DividendPairCorr
  0.99MICHX Matthews China SmallPairCorr
  0.99MICFX Matthews ChinaPairCorr
  0.94MICSX Matthews Asian GrowthPairCorr
  0.97MIEFX Matthews Emerging MarketsPairCorr
  0.81MIPIX Matthews Asia DividendPairCorr
  0.94MIPTX Matthews Pacific TigerPairCorr
  0.96MITEX Matthews Asia InnovatorsPairCorr
  0.94MISFX Matthews Asia EsgPairCorr
  0.99FHKTX Fidelity China RegionPairCorr
  0.99FCHKX Fidelity China RegionPairCorr
  0.99FHKAX Fidelity China RegionPairCorr
  0.99FHKIX Fidelity China RegionPairCorr
  0.99FIQFX Fidelity China RegionPairCorr
  0.99FHKCX Fidelity China RegionPairCorr
  0.68VTSAX Vanguard Total StockPairCorr
  0.7VFIAX Vanguard 500 IndexPairCorr
  0.68VTSMX Vanguard Total StockPairCorr
  0.68VSMPX Vanguard Total StockPairCorr
  0.68VSTSX Vanguard Total StockPairCorr
  0.68VITSX Vanguard Total StockPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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