Matthews Asia Correlations

Mutual Funds . USA . 
Fund . Matthews Asia Innovators
MATFX Fund  USD 19.42  0.44  2.32%   
The current 90-days correlation between Matthews Asia Innovators and Mid Cap Value is -0.01 (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

Very poor diversification

The correlation between Matthews Asia Innovators and DJI is 0.84 (i.e., Very 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
  1.0MAPTX Matthews Pacific TigerPairCorr
  0.97MAPIX Matthews Asia DividendPairCorr
  0.98MASGX Matthews Asia EsgPairCorr
  0.94MSMLX Matthews Asia SmallPairCorr
  0.75MCHFX Matthews ChinaPairCorr
  0.95MCSMX Matthews China SmallPairCorr
  0.99MEGMX Matthews Emerging MarketsPairCorr
  1.0MIAPX Matthews Asia GrowthPairCorr
  0.95MICHX Matthews China SmallPairCorr
  0.75MICFX Matthews ChinaPairCorr
  0.99MIEFX Matthews Emerging MarketsPairCorr
  0.92MIJFX Matthews JapanPairCorr
  0.97MIPIX Matthews Asia DividendPairCorr
  0.98MIPTX Matthews Pacific TigerPairCorr
  1.0MITEX Matthews Asia InnovatorsPairCorr
  0.98MISFX Matthews Asia EsgPairCorr
  0.93MISMX Matthews Asia SmallPairCorr
  0.92MJFOX Matthews JapanPairCorr
  0.99PNSIX T Rowe PricePairCorr
  0.99PRASX T Rowe PricePairCorr
  0.99TRZNX T Rowe PricePairCorr
  0.99FSEAX Fidelity Emerging AsiaPairCorr
  0.86ASIYX Invesco Asia PacificPairCorr
  0.99ASISX Invesco Asia PacificPairCorr

Moving against Matthews Mutual Fund

  0.68INPIX Internet UltrasectorPairCorr
  0.68INPSX Internet UltrasectorPairCorr
  0.53PJFZX Prudential JennisonPairCorr

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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