Matthews Asia Innovators Etf Price on June 16, 2023
| MINV Etf | USD 27.97 0.44 1.55% |
If you're considering investing in Matthews Etf, it is important to understand the factors that can impact its price. As of today, the current price of Matthews Asia stands at 27.97, as last reported on the 23rd of November, with the highest price reaching 28.00 and the lowest price hitting 27.95 during the day. At this stage we consider Matthews Etf to be very steady. Matthews Asia Innovators has Sharpe Ratio of 0.0579, which conveys that the entity had a 0.0579% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Matthews Asia, which you can use to evaluate the volatility of the etf. Please verify Matthews Asia's Downside Deviation of 1.53, risk adjusted performance of 0.0429, and Mean Deviation of 1.04 to check out if the risk estimate we provide is consistent with the expected return of 0.0811%.
Matthews Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Matthews |
Sharpe Ratio = 0.0579
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Estimated Market Risk
| 1.4 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Matthews Asia is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Matthews Asia by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 62.2 K |
Matthews Asia Valuation on June 16, 2023
It is possible to determine the worth of Matthews Asia on a given historical date. On June 16, 2023 Matthews was worth 24.38 at the beginning of the trading date compared to the closed value of 24.35. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Matthews Asia etf. Still, in general, we apply an absolute valuation method to find Matthews Asia's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Matthews Asia where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Matthews Asia's related companies.
| Open | High | Low | Close | Volume | |
| 24.20 | 24.43 | 24.20 | 24.43 | 6,500 | |
06/16/2023 | 24.38 | 24.42 | 24.29 | 24.35 | 15,800 |
| 23.98 | 23.98 | 23.72 | 23.82 | 22,500 |
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Matthews Asia Trading Date Momentum on June 16, 2023
| On June 20 2023 Matthews Asia Innovators was traded for 23.82 at the closing time. The top price for the day was 23.98 and the lowest listed price was 23.72 . The trading volume for the day was 22.5 K. The trading history from June 20, 2023 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 2.18% . The trading delta at closing time against the current closing price is 4.35% . |
About Matthews Asia Etf history
Matthews Asia investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Matthews is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Matthews Asia Innovators will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Matthews Asia stock prices may prove useful in developing a viable investing in Matthews Asia
Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80 percent of its net assets, which include borrowings for investment purposes, in the common and preferred stocks of companies located in Asia that Matthews believes are innovators in their products, services, processes, business models, management, use of technology, or approach to creating, expanding or servicing their markets. Matthews Asia is traded on NYSEARCA Exchange in the United States.
Matthews Asia Etf Technical Analysis
Matthews Asia technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
Matthews Asia Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
Matthews Asia Innovators cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Matthews Asia November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Matthews Asia etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Matthews Asia shares will generate the highest return on investment. By undertsting and applying Matthews Asia etf market strength indicators, traders can identify Matthews Asia Innovators entry and exit signals to maximize returns
Matthews Asia Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Matthews Asia's price direction in advance. Along with the technical and fundamental analysis of Matthews Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Matthews to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0429 | |||
| Jensen Alpha | 0.0099 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1188 |
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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 board of governors. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
The market value of Matthews Asia Innovators is measured differently than its book value, which is the value of Matthews that is recorded on the company's balance sheet. Investors also form their own opinion of Matthews Asia's value that differs from its market value or its book value, called intrinsic value, which is Matthews Asia's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Matthews Asia's market value can be influenced by many factors that don't directly affect Matthews Asia's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Matthews Asia's value and its price as these two are different measures arrived at by different means. Investors typically determine if Matthews Asia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Matthews Asia's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.