Matthews International Funds Etf Market Value
| MKOR Etf | 23.95 0.14 0.59% |
| Symbol | Matthews |
The market value of Matthews International 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 International's value that differs from its market value or its book value, called intrinsic value, which is Matthews International'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 International's market value can be influenced by many factors that don't directly affect Matthews International'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 International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Matthews International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Matthews International'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.
Matthews International '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 International's etf 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 International.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Matthews International on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Matthews International Funds or generate 0.0% return on investment in Matthews International over 30 days. Matthews International is related to or competes with Freedom Day, Davis Select, IShares MSCI, SmartETFs Dividend, Listed Funds, IShares MSCI, and Principal Value. Matthews International is entity of United States More
Matthews International 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 International's etf 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 International Funds upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 6.41 | |||
| Value At Risk | (2.59) | |||
| Potential Upside | 1.88 |
Matthews International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Matthews International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Matthews International's standard deviation. In reality, there are many statistical measures that can use Matthews International historical prices to predict the future Matthews International's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.60) |
Matthews International Backtested Returns
Matthews International has Sharpe Ratio of -0.1, which conveys that the entity had a -0.1% return per unit of risk over the last 3 months. Matthews International exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Matthews International's Mean Deviation of 0.9417, risk adjusted performance of (0.09), and Standard Deviation of 1.25 to check out the risk estimate we provide. The etf secures a Beta (Market Risk) of 0.27, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Matthews International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Matthews International is expected to be smaller as well.
Auto-correlation | -0.81 |
Excellent reverse predictability
Matthews International Funds has excellent reverse predictability. Overlapping area represents the amount of predictability between Matthews International time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 International price movement. The serial correlation of -0.81 indicates that around 81.0% of current Matthews International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Matthews International lagged returns against current returns
Autocorrelation, which is Matthews International etf'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 International's etf expected returns. We can calculate the autocorrelation of Matthews International returns to help us make a trade decision. For example, suppose you find that Matthews International has exhibited high autocorrelation historically, and you observe that the etf 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 International 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 International etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Matthews International etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Matthews International etf over time.
Current vs Lagged Prices |
| Timeline |
Matthews International Lagged Returns
When evaluating Matthews International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Matthews International etf have on its future price. Matthews International 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 International autocorrelation shows the relationship between Matthews International etf current value and its past values and can show if there is a momentum factor associated with investing in Matthews International Funds.
Regressed Prices |
| Timeline |
Pair Trading with Matthews International
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Matthews International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Matthews International will appreciate offsetting losses from the drop in the long position's value.Moving together with Matthews Etf
Moving against Matthews Etf
| 0.71 | VO | Vanguard Mid Cap | PairCorr |
| 0.7 | VUG | Vanguard Growth Index | PairCorr |
| 0.7 | VB | Vanguard Small Cap | PairCorr |
| 0.68 | VTI | Vanguard Total Stock | PairCorr |
| 0.66 | SPY | SPDR SP 500 Aggressive Push | PairCorr |
The ability to find closely correlated positions to Matthews International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Matthews International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Matthews International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Matthews International Funds to buy it.
The correlation of Matthews International 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Matthews International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Matthews International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Matthews International can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Matthews International Correlation, Matthews International Volatility and Matthews International Alpha and Beta module to complement your research on Matthews International. To learn how to invest in Matthews Etf, please use our How to Invest in Matthews International guide.You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Matthews International 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.