Matthews Asian Growth Fund Market Value
| MICSX Fund | USD 13.33 0.03 0.22% |
| Symbol | Matthews |
Matthews Asian '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 Asian'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 Asian.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Matthews Asian on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Matthews Asian Growth or generate 0.0% return on investment in Matthews Asian over 30 days. Matthews Asian is related to or competes with Matthews Pacific, Matthews China, Matthews Asia, Morningstar Unconstrained, Thrivent High, Via Renewables, and T Rowe. 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 dividend-paying common stock, preferred stock and other equity securities, and convertible securities as well as fixed-income securities, of any duration or quality, including high yield securities , of companies located in Asia, which consists of all countries and markets in Asia, including developed, emerging, and frontier countries and markets in the Asian region. More
Matthews Asian 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 Asian'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 Asian Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9545 | |||
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 5.29 | |||
| Value At Risk | (1.59) | |||
| Potential Upside | 1.82 |
Matthews Asian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Matthews Asian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Matthews Asian's standard deviation. In reality, there are many statistical measures that can use Matthews Asian historical prices to predict the future Matthews Asian's volatility.| Risk Adjusted Performance | 0.0257 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.0553 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Matthews Asian's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Matthews Asian Growth Backtested Returns
At this stage we consider Matthews Mutual Fund to be very steady. Matthews Asian Growth has Sharpe Ratio of 0.0204, which conveys that the entity had a 0.0204% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Matthews Asian, which you can use to evaluate the volatility of the fund. Please verify Matthews Asian's Downside Deviation of 0.9545, risk adjusted performance of 0.0257, and Mean Deviation of 0.7011 to check out if the risk estimate we provide is consistent with the expected return of 0.0196%. The fund secures a Beta (Market Risk) of 0.36, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Matthews Asian's returns are expected to increase less than the market. However, during the bear market, the loss of holding Matthews Asian is expected to be smaller as well.
Auto-correlation | 0.20 |
Weak predictability
Matthews Asian Growth has weak predictability. Overlapping area represents the amount of predictability between Matthews Asian time series from 25th of October 2024 to 9th of November 2024 and 9th of November 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 Asian Growth price movement. The serial correlation of 0.2 indicates that over 20.0% of current Matthews Asian price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Matthews Asian Growth lagged returns against current returns
Autocorrelation, which is Matthews Asian 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 Asian's mutual fund expected returns. We can calculate the autocorrelation of Matthews Asian returns to help us make a trade decision. For example, suppose you find that Matthews Asian 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 Asian 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 Asian mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Matthews Asian 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 Asian mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Matthews Asian Lagged Returns
When evaluating Matthews Asian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Matthews Asian mutual fund have on its future price. Matthews Asian 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 Asian autocorrelation shows the relationship between Matthews Asian mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Matthews Asian Growth.
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 Asian 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 Asian security.
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