Matthews Emerging Correlations

Mutual Funds . USA . 
Fund . Matthews Emerging Markets
MEGMX Fund  USD 14.99  0.07  0.47%   
The current 90-days correlation between Matthews Emerging Markets and Ab Bond Inflation is -0.05 (i.e., Good diversification). The correlation of Matthews Emerging 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 Emerging Correlation With Market

Poor diversification

The correlation between Matthews Emerging Markets and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Matthews Emerging Markets 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 Emerging Markets. 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 population.

Moving together with Matthews Mutual Fund

  0.98MPACX Matthews Asia GrowthPairCorr
  1.0MAPTX Matthews Pacific TigerPairCorr
  0.99MAPIX Matthews Asia DividendPairCorr
  0.99MASGX Matthews Asia EsgPairCorr
  0.99MATFX Matthews Asia InnovatorsPairCorr
  0.99MSMLX Matthews Asia SmallPairCorr
  0.94MCDFX Matthews China DividendPairCorr
  0.89MCHFX Matthews ChinaPairCorr
  0.92MCSMX Matthews China SmallPairCorr
  0.98MIAPX Matthews Asia GrowthPairCorr
  0.94MICDX Matthews China DividendPairCorr
  0.92MICHX Matthews China SmallPairCorr
  0.89MICFX Matthews ChinaPairCorr
  1.0MIEFX Matthews Emerging MarketsPairCorr
  0.88MIDNX Matthews IndiaPairCorr
  0.94MIJFX Matthews JapanPairCorr
  0.88MINDX Matthews IndiaPairCorr
  0.99MIPIX Matthews Asia DividendPairCorr
  1.0MIPTX Matthews Pacific TigerPairCorr
  0.99MITEX Matthews Asia InnovatorsPairCorr
  0.99MISFX Matthews Asia EsgPairCorr
  0.99MISMX Matthews Asia SmallPairCorr
  0.94MJFOX Matthews JapanPairCorr
  0.99VEMAX Vanguard Emerging MarketsPairCorr
  0.99VEIEX Vanguard Emerging MarketsPairCorr
  0.99VEMIX Vanguard Emerging MarketsPairCorr
  0.99VEMRX Vanguard Emerging MarketsPairCorr
  0.99FWWNX American Funds NewPairCorr
  0.99FNFWX American Funds NewPairCorr
  0.99NEWFX New World FundPairCorr
  0.99NWFFX New World FundPairCorr
  0.99NEWCX New World FundPairCorr
  0.99ODVYX Oppenheimer DevelopingPairCorr
  0.79PDI Pimco Dynamic IncomePairCorr

Moving against Matthews Mutual Fund

  0.95USPSX Profunds UltrashortPairCorr
  0.95USPIX Profunds UltrashortPairCorr
  0.95UIPIX Ultrashort Mid CapPairCorr
  0.86TCTGX Transamerica CleartrackPairCorr
  0.86TDKTX Cleartrack 2015 ClassPairCorr
  0.86TCTJX Transamerica CleartrackPairCorr
  0.85TCSUX Cleartrack 2020 ClassPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Matthews Mutual Fund performing well and Matthews Emerging 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 Emerging'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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