Matthews Emerging Correlations

Mutual Funds . USA . 
Fund . Matthews Emerging Markets
MIEFX Fund  USD 13.64  0.34  2.56%   
The current 90-days correlation between Matthews Emerging Markets and Matthews China Small is 0.14 (i.e., Average diversification). The correlation of Matthews Emerging 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 Emerging Correlation With Market

Poor diversification

The correlation between Matthews Emerging Markets and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Matthews Emerging Markets 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 Emerging Markets. 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

  0.98MPACX Matthews Asia GrowthPairCorr
  0.88MAPTX Matthews Pacific TigerPairCorr
  0.81MAPIX Matthews Asia DividendPairCorr
  0.98MASGX Matthews Asia EsgPairCorr
  0.87MATFX Matthews Asia InnovatorsPairCorr
  0.93MSMLX Matthews Asia SmallPairCorr
  0.83MCHFX Matthews ChinaPairCorr
  0.7MCSMX Matthews China SmallPairCorr
  1.0MEGMX Matthews Emerging MarketsPairCorr
  0.9MIAPX Matthews Asia GrowthPairCorr
  0.7MICHX Matthews China SmallPairCorr
  0.83MICFX Matthews ChinaPairCorr
  0.8MIJFX Matthews JapanPairCorr
  0.9MIPIX Matthews Asia DividendPairCorr
  0.99MIPTX Matthews Pacific TigerPairCorr
  0.98MITEX Matthews Asia InnovatorsPairCorr
  0.98MISFX Matthews Asia EsgPairCorr
  0.93MISMX Matthews Asia SmallPairCorr
  0.8MJFOX Matthews JapanPairCorr
  0.85VEMAX Vanguard Emerging MarketsPairCorr
  0.97VEIEX Vanguard Emerging MarketsPairCorr
  0.97VEMIX Vanguard Emerging MarketsPairCorr
  0.85VEMRX Vanguard Emerging MarketsPairCorr
  0.88FWWNX American Funds NewPairCorr
  0.88FNFWX American Funds NewPairCorr
  0.88NEWFX New World FundPairCorr
  0.96NWFFX New World FundPairCorr
  0.78NEWCX New World FundPairCorr
  0.99ODVYX Oppenheimer DevelopingPairCorr
  0.85PFN Pimco Income StrategyPairCorr
  0.86CIF Mfs Intermediate HighPairCorr
  0.66NXJ Nuveen New JerseyPairCorr

Moving against Matthews Mutual Fund

  0.41MICSX Matthews Asian GrowthPairCorr
  0.41BSBSX Baird Short TermPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY