Matthews Asia Correlations

Mutual Funds . USA . 
Fund . Matthews Asia Growth
MIAPX Fund  USD 24.54  0.08  0.33%   
The current 90-days correlation between Matthews Asia Growth and Commonwealth Global Fund is 0.91 (i.e., Almost no 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

Very poor diversification

The correlation between Matthews Asia Growth and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Matthews Asia Growth 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 Growth. 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 american community survey.

Moving together with Matthews Mutual Fund

  1.0MPACX Matthews Asia GrowthPairCorr
  0.98MAPTX Matthews Pacific TigerPairCorr
  0.98MAPIX Matthews Asia DividendPairCorr
  0.97MASGX Matthews Asia EsgPairCorr
  0.98MATFX Matthews Asia InnovatorsPairCorr
  0.96MSMLX Matthews Asia SmallPairCorr
  0.94MCDFX Matthews China DividendPairCorr
  0.88MCHFX Matthews ChinaPairCorr
  0.91MCSMX Matthews China SmallPairCorr
  0.98MEGMX Matthews Emerging MarketsPairCorr
  0.94MICDX Matthews China DividendPairCorr
  0.91MICHX Matthews China SmallPairCorr
  0.88MICFX Matthews ChinaPairCorr
  0.98MIEFX Matthews Emerging MarketsPairCorr
  0.89MIDNX Matthews IndiaPairCorr
  0.97MIJFX Matthews JapanPairCorr
  0.89MINDX Matthews IndiaPairCorr
  0.98MIPIX Matthews Asia DividendPairCorr
  0.98MIPTX Matthews Pacific TigerPairCorr
  0.98MITEX Matthews Asia InnovatorsPairCorr
  0.97MISFX Matthews Asia EsgPairCorr
  0.96MISMX Matthews Asia SmallPairCorr
  0.97MJFOX Matthews JapanPairCorr
  0.97VPADX Vanguard Pacific StockPairCorr
  0.97VPKIX Vanguard Pacific StockPairCorr
  0.97VPACX Vanguard Pacific StockPairCorr
  0.98FPBFX Fidelity Pacific BasinPairCorr
  0.86NHS Neuberger Berman HighPairCorr
  0.7PIMIX Pimco IncomePairCorr
  0.94CVFCX Pioneer Disciplined ValuePairCorr
  0.97VFIAX Vanguard 500 IndexPairCorr
  0.94DDDAX 13d ActivistPairCorr
  0.8FULBX Federated Ultrashort BondPairCorr
  0.98JABPX John Hancock FundsPairCorr
  0.98PRIJX T Rowe PricePairCorr
  0.96GCAYX Conservative AllocationPairCorr
  0.97INVNX Evolutionary TreePairCorr
  0.96DBFRX Doubleline Floating RatePairCorr
  0.68FILDX Frost Low DurationPairCorr

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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