Matthews Asia Correlations

MINV Etf

USD 38.45 0.56 1.44%

The current 90-days correlation between Matthews Asia Innovators and RockCreek Global Equality is 0.44 (i.e., Very weak 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 0.67 (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.

Build AI portfolio with Matthews Etf

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 etf could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with Matthews Etf

0.82	BBAX	JPMorgan BetaBuilders Low Volatility	Pair Corr
0.93	AAXJ	iShares MSCI All	Pair Corr
0.84	EPP	iShares MSCI Pacific	Pair Corr
0.94	AIA	iShares Asia 50	Pair Corr
0.97	GMF	SPDR SP Emerging	Pair Corr
0.94	FLAX	Franklin FTSE Asia	Pair Corr
0.87	FPA	First Trust Asia	Pair Corr
0.76	ADIV	SmartETFs Asia Pacific	Pair Corr
0.72	VTI	Vanguard Total Stock	Pair Corr
0.71	SPY	SPDR SP 500	Pair Corr
0.71	IVV	iShares Core SP	Pair Corr
0.73	TOT	Advisor Managed Port	Pair Corr
0.66	VTV	Vanguard Value Index	Pair Corr
0.75	VO	Vanguard Mid Cap	Pair Corr
0.96	EEMO	Invesco SP Emerging	Pair Corr
0.8	GAL	SPDR SSgA Global	Pair Corr
0.8	PEY	Invesco High Yield	Pair Corr
0.86	CVX	Chevron Corp Earnings Call Today	Pair Corr
0.71	HD	Home Depot	Pair Corr
0.7	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr

Moving against Matthews Etf

0.57	TRV	The Travelers Companies	Pair Corr
0.46	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	CANC	CVMC	SPBC	FSZ	CSD	KARS	BATT	PSCW	EUDG	RCGE
CANC		0.67	0.04	0.63	0.72	0.31	0.58	0.69	0.76	0.67	CANC
CVMC	0.67		0.62	0.89	0.94	0.72	0.9	0.95	0.93	0.94	CVMC
SPBC	0.04	0.62		0.52	0.58	0.58	0.56	0.59	0.52	0.63	SPBC
FSZ	0.63	0.89	0.52		0.84	0.75	0.89	0.92	0.94	0.94	FSZ
CSD	0.72	0.94	0.58	0.84		0.71	0.91	0.9	0.94	0.92	CSD
KARS	0.31	0.72	0.58	0.75	0.71		0.89	0.66	0.68	0.67	KARS
BATT	0.58	0.9	0.56	0.89	0.91	0.89		0.88	0.9	0.87	BATT
PSCW	0.69	0.95	0.59	0.92	0.9	0.66	0.88		0.96	0.96	PSCW
EUDG	0.76	0.93	0.52	0.94	0.94	0.68	0.9	0.96		0.98	EUDG
RCGE	0.67	0.94	0.63	0.94	0.92	0.67	0.87	0.96	0.98		RCGE
	CANC	CVMC	SPBC	FSZ	CSD	KARS	BATT	PSCW	EUDG	RCGE

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Matthews Asia Constituents Risk-Adjusted Indicators

There is a big difference between Matthews Etf performing well and Matthews Asia ETF 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CANC	1.14	0.26	0.17	0.72	1.00	(1.23)	2.70	(1.76)	7.91
CVMC	0.65	0.06	0.02	0.35	0.74	(0.67)	1.57	(1.27)	3.87
SPBC	0.65	(0.05)	(0.05)	(0.01)	0.98	(0.63)	1.24	(1.65)	4.89
FSZ	0.59	0.08	0.05	0.48	0.63	(0.64)	1.30	(1.20)	3.41
CSD	1.18	0.11	0.09	0.12	1.37	(1.24)	2.72	(2.50)	6.73
KARS	1.03	0.10	0.05	0.72	1.12	(1.18)	2.44	(1.78)	6.57
BATT	1.22	0.33	0.17	1.55	1.38	(1.32)	2.86	(1.92)	6.94
PSCW	0.16	0.02	(0.13)	0.48	0.06	(0.18)	0.40	(0.33)	1.20
EUDG	0.63	0.10	0.11	0.19	0.60	(0.71)	1.46	(1.09)	3.32
RCGE	0.50	0.03	0.02	0.10	0.53	(0.52)	1.02	(1.08)	3.14

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