Matthews Asia Correlations

MSMLX Fund

USD 22.25 0.12 0.54%

The current 90-days correlation between Matthews Asia Small and Matthews Asia Dividend is 0.67 (i.e., Poor 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

Weak diversification

The correlation between Matthews Asia Small and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Matthews Asia Small 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 Small. 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 bureau of economic analysis.

Moving together with Matthews Mutual Fund

0.62	MAPTX	Matthews Pacific Tiger	Pair Corr
0.96	MAPIX	Matthews Asia Dividend	Pair Corr
0.93	MASGX	Matthews Asia Esg	Pair Corr
0.83	MCDFX	Matthews China Dividend	Pair Corr
0.87	MCHFX	Matthews China	Pair Corr
0.91	MEGMX	Matthews Emerging Markets	Pair Corr
0.85	MIAPX	Matthews Asia Growth	Pair Corr
0.79	MICDX	Matthews China Dividend	Pair Corr
0.66	MICHX	Matthews China Small	Pair Corr
0.87	MICFX	Matthews China	Pair Corr
0.81	MICSX	Matthews Asian Growth	Pair Corr
0.91	MIEFX	Matthews Emerging Markets	Pair Corr
0.79	MINDX	Matthews India	Pair Corr
0.9	MIPIX	Matthews Asia Dividend	Pair Corr
0.62	MIPTX	Matthews Pacific Tiger	Pair Corr
0.79	MITEX	Matthews Asia Innovators	Pair Corr
0.93	MISFX	Matthews Asia Esg	Pair Corr
0.92	MISMX	Matthews Asia Small	Pair Corr

Moving against Matthews Mutual Fund

0.53

RULFX

Rbc Ultra Short

Pair Corr

Related Correlations Analysis

	MAPIX	MPACX	MATFX	MACSX	MAPTX
MAPIX		0.61	0.64	0.47	0.67	MAPIX
MPACX	0.61		0.95	0.86	0.93	MPACX
MATFX	0.64	0.95		0.82	0.84	MATFX
MACSX	0.47	0.86	0.82		0.79	MACSX
MAPTX	0.67	0.93	0.84	0.79		MAPTX
	MAPIX	MPACX	MATFX	MACSX	MAPTX

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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.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
MAPIX	0.54	(0.11)	(0.61)	1.17	(1.40)	3.80
MPACX	0.71	(0.14)	(0.41)	1.32	(1.68)	4.26
MATFX	0.82	(0.10)	(0.38)	1.60	(2.18)	4.78
MACSX	0.57	(0.10)	(0.41)	1.13	(1.59)	3.67
MAPTX	0.79	(0.24)	(0.72)	1.45	(1.94)	9.00

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