Matthews International Correlations

MATW Stock

USD 26.09 0.38 1.48%

The current 90-days correlation between Matthews International and Cresud SACIF y is -0.04 (i.e., Good diversification). The correlation of Matthews International 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 International Correlation With Market

Poor diversification

The correlation between Matthews International and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Matthews International and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Matthews Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Matthews International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more information on how to buy Matthews Stock please use our How to Invest in Matthews International guide.

Moving together with Matthews Stock

0.66	DRVN	Driven Brands Holdings Earnings Call This Week	Pair Corr
0.63	GDI	GDI Integrated	Pair Corr
0.78	ACU	Acme United	Pair Corr
0.68	DXT	Dexterra Group	Pair Corr
0.7	BCO	Brinks Company	Pair Corr
0.82	CXW	CoreCivic	Pair Corr
0.61	DLX	Deluxe	Pair Corr
0.62	EBF	Ennis Inc	Pair Corr
0.81	PBI	Pitney Bowes Earnings Call Today	Pair Corr
0.66	RBA	RB Global Earnings Call This Week	Pair Corr
0.66	UNF	Unifirst	Pair Corr
0.74	RTO1	Rentokil Initial plc	Pair Corr
0.71	RWJ1	RWS HOLDINGS PLC	Pair Corr

Moving against Matthews Stock

0.58	BTM	Bitcoin Depot	Pair Corr
0.57	VIRC	Virco Manufacturing	Pair Corr
0.44	EDEN	Edenred SA Earnings Call This Week	Pair Corr
0.4	KBL	K Bro Linen	Pair Corr
0.37	MAD	Mader Group Earnings Call This Week	Pair Corr
0.33	WOSB	Wolters Kluwers Nv	Pair Corr
0.32	DSS	DSS Inc	Pair Corr
0.65	N09	NOVUS HOLDINGS LTD	Pair Corr
0.58	PHQ	Photo Me International Earnings Call This Week	Pair Corr
0.58	P8X	PAX Global Technology	Pair Corr
0.55	APC	Apple Inc	Pair Corr
0.54	T9CA	TEAM INC DL	Pair Corr
0.4	YIBO	Planet Image Interna	Pair Corr
0.31	FUO	Dolby Laboratories	Pair Corr

Related Correlations Analysis

	CRESY	FIP	VLRS	SKYH	SERV	CRESW	LGMK	GNK	VSTS	CODI
CRESY		0.76	0.83	0.06	0.38	0.84	-0.72	0.71	0.42	0.14	CRESY
FIP	0.76		0.77	0.2	0.38	0.72	-0.64	0.81	0.57	0.24	FIP
VLRS	0.83	0.77		-0.14	0.28	0.71	-0.83	0.78	0.63	0.03	VLRS
SKYH	0.06	0.2	-0.14		0.55	0.08	0.26	-0.13	-0.14	0.06	SKYH
SERV	0.38	0.38	0.28	0.55		0.42	-0.33	0.12	0.17	-0.21	SERV
CRESW	0.84	0.72	0.71	0.08	0.42		-0.6	0.67	0.34	0.17	CRESW
LGMK	-0.72	-0.64	-0.83	0.26	-0.33	-0.6		-0.61	-0.63	0.2	LGMK
GNK	0.71	0.81	0.78	-0.13	0.12	0.67	-0.61		0.64	0.49	GNK
VSTS	0.42	0.57	0.63	-0.14	0.17	0.34	-0.63	0.64		0.07	VSTS
CODI	0.14	0.24	0.03	0.06	-0.21	0.17	0.2	0.49	0.07		CODI
	CRESY	FIP	VLRS	SKYH	SERV	CRESW	LGMK	GNK	VSTS	CODI

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CRESW	+ 0.84	CRESY
VLRS	+ 0.83	CRESY
GNK	+ 0.81	FIP
GNK	+ 0.78	VLRS
VLRS	+ 0.77	FIP
FIP	+ 0.76	CRESY

High negative correlations

LGMK	- 0.83	VLRS
LGMK	- 0.72	CRESY
LGMK	- 0.64	FIP
VSTS	- 0.63	LGMK
GNK	- 0.61	LGMK
LGMK	- 0.6	CRESW

Risk-Adjusted Indicators

There is a big difference between Matthews Stock performing well and Matthews International Company 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 International'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CRESY	1.93	0.13	0.06	0.24	1.98	(2.31)	4.73	(3.12)	16.50
FIP	3.32	0.21	0.07	0.16	3.64	(3.65)	7.93	(6.73)	18.25
VLRS	2.21	0.61	0.31	0.44	1.62	(2.87)	6.68	(3.04)	19.39
SKYH	1.99	(0.20)	0.00	(0.06)	0.00	0.00	4.47	(3.99)	13.81
SERV	4.77	(0.20)	(0.01)	0.00	5.37	(5.27)	13.97	(9.56)	28.21
CRESW	5.03	0.41	0.07	0.40	5.32	(6.22)	10.00	(9.76)	27.50
LGMK	7.25	(0.35)	0.00	(0.09)	0.00	0.00	17.14	(15.00)	44.45
GNK	1.38	0.34	0.16	0.63	1.50	(1.54)	3.45	(2.74)	13.08
VSTS	2.92	0.53	0.14	0.47	3.59	(3.12)	6.71	(6.44)	21.20
CODI	4.04	0.14	0.03	0.14	5.37	(4.17)	9.07	(6.76)	35.68

Matthews International Corporate Management

David Beck	VP Controller	Profile
Davor Brkovich	Chief Officer	Profile
Ronald Awenowicz	Operations Compliance	Profile
Lee Lane	Executive Solutions	Profile

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