Matthews Asia Correlations

Mutual Funds . USA . 
Fund . Matthews Asia Innovators
MATFX Fund  USD 14.64  0.08  0.55%   
The current 90-days correlation between Matthews Asia Innovators and Artisan High Income is 0.11 (i.e., Average 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

Good diversification

The correlation between Matthews Asia Innovators and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Matthews Asia Innovators 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 Innovators. 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 census.

Moving together with Matthews Mutual Fund

  1.0MAPTX Matthews Pacific TigerPairCorr
  0.99MAPIX Matthews Asia DividendPairCorr
  0.98MCDFX Matthews China DividendPairCorr
  0.98MCHFX Matthews ChinaPairCorr
  0.98MCSMX Matthews China SmallPairCorr
  1.0MEGMX Matthews Emerging MarketsPairCorr
  0.98MIAPX Matthews Asia GrowthPairCorr
  0.98MICDX Matthews China DividendPairCorr
  0.98MICFX Matthews ChinaPairCorr
  0.88MIDNX Matthews IndiaPairCorr
  0.94MIJFX Matthews JapanPairCorr
  0.88MINDX Matthews IndiaPairCorr
  1.0MIPTX Matthews Pacific TigerPairCorr
  0.98MISFX Matthews Asia EsgPairCorr
  0.94MJFOX Matthews JapanPairCorr
  1.0PNSIX T Rowe PricePairCorr
  1.0PRASX T Rowe PricePairCorr
  1.0TRZNX T Rowe PricePairCorr
  1.0FSEAX Fidelity Emerging AsiaPairCorr
  0.98ASIYX Invesco Asia PacificPairCorr
  0.98ASISX Invesco Asia PacificPairCorr
  0.93PDI Pimco Dynamic IncomePairCorr
  0.93FTCAX Templeton Strained BondPairCorr
  0.81CMTFX Columbia Global TechPairCorr
  0.98LDVIX Axs Thomson ReutersPairCorr
  0.98AEF Abrdn Emerging MarketsPairCorr
  0.79SLWGX Slow Capital GrowthPairCorr
  0.94FSAWX Fidelity Sai ConvertiblePairCorr
  0.65TIEXX Tiaa Cref FundsPairCorr
  0.98RSIFX Victory Rs SciencePairCorr
  0.98NGDRX Neuberger Berman GuardianPairCorr

Moving against Matthews Mutual Fund

  0.97USPSX Profunds UltrashortPairCorr
  0.97USPIX Profunds UltrashortPairCorr
  0.97UIPIX Ultrashort Mid CapPairCorr

Related Correlations Analysis

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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.

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