Matthews Asia Correlations

Mutual Funds . USA . 
Fund . Matthews Asia Innovators
MATFX Fund  USD 18.55  0.18  0.96%   
The current 90-days correlation between Matthews Asia Innovators and Matthews Asia Growth is 0.96 (i.e., Almost no 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

Poor diversification

The correlation between Matthews Asia Innovators and DJI is 0.62 (i.e., Poor 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 price.

Moving together with Matthews Mutual Fund

  1.0MPACX Matthews Asia GrowthPairCorr
  0.93MAPTX Matthews Pacific TigerPairCorr
  0.81MAPIX Matthews Asia DividendPairCorr
  0.97MASGX Matthews Asia Esg Steady GrowthPairCorr
  0.89MSMLX Matthews Asia SmallPairCorr
  0.76MCDFX Matthews China DividendPairCorr
  0.88MCHFX Matthews ChinaPairCorr
  0.9MCSMX Matthews China SmallPairCorr
  0.92MEGMX Matthews Emerging MarketsPairCorr
  1.0MIAPX Matthews Asia GrowthPairCorr
  0.77MICDX Matthews China DividendPairCorr
  0.88MICHX Matthews China SmallPairCorr
  0.84MICFX Matthews ChinaPairCorr
  0.92MIEFX Matthews Emerging MarketsPairCorr
  0.81MIJFX Matthews JapanPairCorr
  0.81MIPIX Matthews Asia DividendPairCorr
  0.91MIPTX Matthews Pacific TigerPairCorr
  1.0MITEX Matthews Asia InnovatorsPairCorr
  0.95MISFX Matthews Asia Esg Steady GrowthPairCorr
  0.88MISMX Matthews Asia SmallPairCorr
  0.83MJFOX Matthews JapanPairCorr
  0.92PNSIX T Rowe PricePairCorr
  0.93PRASX T Rowe PricePairCorr
  0.92TRZNX T Rowe PricePairCorr
  0.95FSEAX Fidelity Emerging AsiaPairCorr
  0.82ASISX Invesco Asia PacificPairCorr
  0.75RYMEX Commodities StrategyPairCorr
  0.77RYMJX Commodities StrategyPairCorr
  0.77RYMBX Commodities StrategyPairCorr
  0.74SPGSX State Street PremierPairCorr
  0.85KF Korea ClosedPairCorr
  0.69TRROX T Rowe PricePairCorr
  0.72PASCX All Asset FundPairCorr

Related Correlations Analysis


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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