Matthews China Correlations

Mutual Funds . USA . 
Fund . Matthews China Small
MICHX Fund  USD 10.78  0.17  1.60%   
The current 90-days correlation between Matthews China Small and Matthews Asia Growth is -0.16 (i.e., Good diversification). The correlation of Matthews China 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 China Correlation With Market

Good diversification

The correlation between Matthews China Small and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Matthews China Small 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 China Small. 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 rate.

Moving together with Matthews Mutual Fund

  0.89MPACX Matthews Asia GrowthPairCorr
  0.93MAPTX Matthews Pacific TigerPairCorr
  0.92MAPIX Matthews Asia DividendPairCorr
  0.93MASGX Matthews Asia EsgPairCorr
  0.96MATFX Matthews Asia Innovators Steady GrowthPairCorr
  0.94MSMLX Matthews Asia SmallPairCorr
  0.97MCDFX Matthews China DividendPairCorr
  0.94MCHFX Matthews China Steady GrowthPairCorr
  1.0MCSMX Matthews China Small Steady GrowthPairCorr
  0.93MEGMX Matthews Emerging MarketsPairCorr
  0.9MIAPX Matthews Asia GrowthPairCorr
  0.97MICDX Matthews China DividendPairCorr
  0.94MICFX Matthews China Steady GrowthPairCorr
  0.93MIEFX Matthews Emerging MarketsPairCorr
  0.79MIDNX Matthews IndiaPairCorr
  0.66MIJFX Matthews JapanPairCorr
  0.73MINDX Matthews IndiaPairCorr
  0.92MIPIX Matthews Asia DividendPairCorr
  0.95MIPTX Matthews Pacific TigerPairCorr
  0.95MITEX Matthews Asia Innovators Steady GrowthPairCorr
  0.93MISFX Matthews Asia EsgPairCorr
  0.94MISMX Matthews Asia SmallPairCorr
  0.66MJFOX Matthews JapanPairCorr
  0.96FHKTX Fidelity China Region Steady GrowthPairCorr
  0.95FCHKX Fidelity China Region Steady GrowthPairCorr
  0.96FHKAX Fidelity China Region Steady GrowthPairCorr
  0.95FHKIX Fidelity China Region Steady GrowthPairCorr
  0.95FIQFX Fidelity China Region Steady GrowthPairCorr
  0.95FHKCX Fidelity China Region Steady GrowthPairCorr
  0.94VSTSX Vanguard Total StockPairCorr
  0.94VSMPX Vanguard Total StockPairCorr
  0.93VITSX Vanguard Total StockPairCorr
  0.94VFFSX Vanguard 500 IndexPairCorr
  0.93VFIAX Vanguard 500 IndexPairCorr
  0.92VTISX Vanguard Total InterPairCorr
  0.92VTSNX Vanguard Total InterPairCorr
  0.9VTPSX Vanguard Total InterPairCorr
  0.93VINIX Vanguard InstitutionalPairCorr
  0.94VTSAX Vanguard Total StockPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Matthews Mutual Fund performing well and Matthews China 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 China'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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MPACX  0.65  0.16  0.13  0.44  0.43 
(0.78)
 2.28 
(1.28)
 4.16 
MAPTX  0.60  0.21  0.19  0.63  0.23 
(0.72)
 1.47 
(1.08)
 4.54 
MAPIX  0.47  0.16  0.13  0.55  0.00 
(0.56)
 1.59 
(0.77)
 3.65 
MASGX  0.71  0.18  0.12  0.45  0.56 
(0.87)
 1.67 
(1.30)
 5.06 
MATFX  0.73  0.32  0.23 (11.26) 0.24 
(0.93)
 2.11 
(1.38)
 4.86 
MSMLX  0.71  0.21  0.14  0.55  0.56 
(0.77)
 1.81 
(1.41)
 4.50 
MCDFX  0.68  0.22  0.10 (1.85) 0.44 
(0.84)
 2.18 
(1.07)
 4.41 
MCHFX  0.88  0.15  0.09  0.43  0.68 
(1.12)
 2.70 
(1.74)
 5.96 
MCSMX  0.78  0.32  0.15 (1.45) 0.59 
(0.95)
 2.14 
(1.69)
 4.68 
MEGMX  0.54  0.20  0.15  0.62  0.08 
(0.64)
 1.56 
(1.13)
 4.30 

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