Matthews Asia Correlations

Mutual Funds . USA . 
Fund . Matthews Asia Small
MISMX Fund  USD 26.18  0.18  0.69%   
The current 90-days correlation between Matthews Asia Small and World Precious Minerals is -0.09 (i.e., Good 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 Small and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Matthews Asia 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 Asia 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 population.

Moving together with Matthews Mutual Fund

  0.91MPACX Matthews Asia GrowthPairCorr
  0.84MAPTX Matthews Pacific TigerPairCorr
  0.88MAPIX Matthews Asia DividendPairCorr
  0.84MATFX Matthews Asia Innovators Steady GrowthPairCorr
  0.87MSMLX Matthews Asia SmallPairCorr
  0.81MCDFX Matthews China Dividend Steady GrowthPairCorr
  0.77MCHFX Matthews China Steady GrowthPairCorr
  0.8MCSMX Matthews China Small Steady GrowthPairCorr
  0.83MIAPX Matthews Asia GrowthPairCorr
  0.73MINDX Matthews IndiaPairCorr
  0.88MIPIX Matthews Asia DividendPairCorr
  0.85MIPTX Matthews Pacific TigerPairCorr
  0.78MJFOX Matthews JapanPairCorr
  0.95VEMAX Vanguard Emerging MarketsPairCorr
  0.95VEIEX Vanguard Emerging MarketsPairCorr
  0.96VEMIX Vanguard Emerging MarketsPairCorr
  0.95VEMRX Vanguard Emerging MarketsPairCorr
  0.96FWWNX American Funds NewPairCorr
  0.96FNFWX American Funds NewPairCorr
  0.87NEWFX New World FundPairCorr
  0.96NWFFX New World FundPairCorr
  0.96NEWCX New World FundPairCorr
  0.95ODVYX Oppenheimer DevelopingPairCorr
  0.81CPAYX Columbia Pacific/asiaPairCorr
  0.85CASAX Columbia Pacific/asiaPairCorr
  0.69CCCZX Center St BrookfieldPairCorr
  0.85CASCX Columbia PacificasiaPairCorr
  0.87MSKLX Mid Cap GrowthPairCorr
  0.94CISGX Touchstone Sands CapitalPairCorr
  0.95MPEGX Mid Cap GrowthPairCorr
  0.85VFIAX Vanguard 500 IndexPairCorr

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 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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