Matthews Emerging Correlations

Mutual Funds . USA . 
Fund . Matthews Emerging Markets
MEGMX Fund  USD 13.20  0.16  1.20%   
The current 90-days correlation between Matthews Emerging Markets and Matthews China Small is -0.08 (i.e., Good 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

Weak diversification

The correlation between Matthews Emerging Markets and DJI is 0.37 (i.e., Weak 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 population.

Moving together with Matthews Mutual Fund

  0.95MPACX Matthews Asia GrowthPairCorr
  0.84MACSX Matthews Asian GrowthPairCorr
  0.86MAPTX Matthews Pacific TigerPairCorr
  0.97MAPIX Matthews Asia DividendPairCorr
  0.7MASGX Matthews Asia EsgPairCorr
  0.84MATFX Matthews Asia InnovatorsPairCorr
  0.9MSMLX Matthews Asia SmallPairCorr
  0.77MCDFX Matthews China DividendPairCorr
  0.87MCHFX Matthews ChinaPairCorr
  0.95MIAPX Matthews Asia GrowthPairCorr
  0.77MICDX Matthews China DividendPairCorr
  0.77MICFX Matthews ChinaPairCorr
  0.84MICSX Matthews Asian GrowthPairCorr
  0.72MIEFX Matthews Emerging MarketsPairCorr
  0.77MIDNX Matthews IndiaPairCorr
  0.77MINDX Matthews IndiaPairCorr
  0.97MIPIX Matthews Asia DividendPairCorr
  0.86MIPTX Matthews Pacific TigerPairCorr
  0.74MITEX Matthews Asia InnovatorsPairCorr
  0.87MISFX Matthews Asia EsgPairCorr
  0.9MISMX Matthews Asia SmallPairCorr
  0.95VEMAX Vanguard Emerging MarketsPairCorr
  0.86VEIEX Vanguard Emerging MarketsPairCorr
  0.95VEMIX Vanguard Emerging MarketsPairCorr
  0.95VEMRX Vanguard Emerging MarketsPairCorr
  0.92FWWNX American Funds NewPairCorr
  0.92FNFWX American Funds NewPairCorr
  0.92NEWFX New World FundPairCorr
  0.87NWFFX New World FundPairCorr
  0.92NEWCX New World FundPairCorr
  0.96ODVYX Oppenheimer DevelopingPairCorr

Related Correlations Analysis

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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.

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