Matthews China Fund Market Value
| MCHFX Fund | USD 13.52 0.42 3.01% |
| Symbol | Matthews |
Matthews China 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Matthews China's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Matthews China.
| 05/04/2023 |
| 11/24/2024 |
If you would invest 0.00 in Matthews China on May 4, 2023 and sell it all today you would earn a total of 0.00 from holding Matthews China Fund or generate 0.0% return on investment in Matthews China over 570 days. Matthews China is related to or competes with Matthews Pacific, Matthews India, Matthews China, Matthews Asia, and Matthews China. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80 percent of its n... More
Matthews China Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Matthews China's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Matthews China Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.66 | |||
| Information Ratio | 0.058 | |||
| Maximum Drawdown | 19.23 | |||
| Value At Risk | (3.22) | |||
| Potential Upside | 5.67 |
Matthews China Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Matthews China's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Matthews China's standard deviation. In reality, there are many statistical measures that can use Matthews China historical prices to predict the future Matthews China's volatility.| Risk Adjusted Performance | 0.0847 | |||
| Jensen Alpha | 0.2673 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0668 | |||
| Treynor Ratio | 1.15 |
Matthews China Backtested Returns
Matthews China appears to be not too volatile, given 3 months investment horizon. Matthews China has Sharpe Ratio of 0.11, which conveys that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Matthews China, which you can use to evaluate the volatility of the fund. Please exercise Matthews China's Mean Deviation of 2.09, downside deviation of 2.66, and Risk Adjusted Performance of 0.0847 to check out if our risk estimates are consistent with your expectations. The fund secures a Beta (Market Risk) of 0.26, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Matthews China's returns are expected to increase less than the market. However, during the bear market, the loss of holding Matthews China is expected to be smaller as well.
Auto-correlation | -0.58 |
Good reverse predictability
Matthews China Fund has good reverse predictability. Overlapping area represents the amount of predictability between Matthews China time series from 4th of May 2023 to 13th of February 2024 and 13th of February 2024 to 24th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Matthews China price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Matthews China price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 2.14 |
Matthews China lagged returns against current returns
Autocorrelation, which is Matthews China mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Matthews China's mutual fund expected returns. We can calculate the autocorrelation of Matthews China returns to help us make a trade decision. For example, suppose you find that Matthews China has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Matthews China regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Matthews China mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Matthews China mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Matthews China mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Matthews China Lagged Returns
When evaluating Matthews China's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Matthews China mutual fund have on its future price. Matthews China autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Matthews China autocorrelation shows the relationship between Matthews China mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Matthews China Fund.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Matthews Mutual Fund
Matthews China financial ratios help investors to determine whether Matthews Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Matthews with respect to the benefits of owning Matthews China security.
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