Matthews India Correlations

Mutual Funds . USA . 
Fund . Matthews India Fund
MINDX Fund  USD 25.30  0.24  0.94%   
The current 90-days correlation between Matthews India and Eaton Vance Greater is -0.13 (i.e., Good diversification). The correlation of Matthews India 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 India Correlation With Market

Average diversification

The correlation between Matthews India Fund and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Matthews India Fund 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 India Fund. 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 unemployment.

Moving together with Matthews Mutual Fund

  0.83MPACX Matthews Asia GrowthPairCorr
  0.82MAPTX Matthews Pacific TigerPairCorr
  0.84MAPIX Matthews Asia DividendPairCorr
  0.85MASGX Matthews Asia EsgPairCorr
  0.8MATFX Matthews Asia Innovators Steady GrowthPairCorr
  0.85MSMLX Matthews Asia SmallPairCorr
  0.75MCDFX Matthews China DividendPairCorr
  0.77MCHFX Matthews China Steady GrowthPairCorr
  0.72MCSMX Matthews China Small Steady GrowthPairCorr
  0.84MEGMX Matthews Emerging MarketsPairCorr
  0.79MIAPX Matthews Asia GrowthPairCorr
  0.75MICDX Matthews China DividendPairCorr
  0.73MICHX Matthews China Small Steady GrowthPairCorr
  0.77MICFX Matthews China Steady GrowthPairCorr
  0.84MIEFX Matthews Emerging MarketsPairCorr
  0.87MIDNX Matthews IndiaPairCorr
  0.75MIJFX Matthews JapanPairCorr
  0.84MIPIX Matthews Asia DividendPairCorr
  0.79MIPTX Matthews Pacific TigerPairCorr
  0.83MITEX Matthews Asia Innovators Steady GrowthPairCorr
  0.85MISFX Matthews Asia EsgPairCorr
  0.85MISMX Matthews Asia SmallPairCorr
  0.75MJFOX Matthews JapanPairCorr
  0.82WAINX Wasatch Emerging IndiaPairCorr
  0.82WIINX Wasatch Emerging IndiaPairCorr
  0.97INDAX Alpskotak India GrowthPairCorr
  0.97INFCX Alpskotak India GrowthPairCorr
  0.88INAAX Alpskotak India GrowthPairCorr
  0.85ECGIX Eaton Vance GreaterPairCorr
  0.86ETGIX Eaton Vance GreaterPairCorr
  0.86EGIIX Eaton Vance GreaterPairCorr
  0.82PFN Pimco Income StrategyPairCorr
  0.81CIF Mfs Intermediate HighPairCorr
  0.74PCF Putnam High IncomePairCorr

Moving against Matthews Mutual Fund

  0.41XDSMX Dreyfus StrategicPairCorr
  0.32XNBHX Neuberger Berman IntPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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