Matthews Asia Correlations

Mutual Funds . USA . 
Fund . Matthews Asia Growth
MPACX Fund  USD 24.54  0.03  0.12%   
The current 90-days correlation between Matthews Asia Growth and Matthews Pacific Tiger is 0.87 (i.e., Very poor 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 weak diversification

The correlation between Matthews Asia Growth and DJI is 0.56 (i.e., Very weak 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 main economic indicators.

Moving together with Matthews Mutual Fund

  0.98MAPTX Matthews Pacific TigerPairCorr
  0.82MAPIX Matthews Asia DividendPairCorr
  0.77MATFX Matthews Asia Innovators Steady GrowthPairCorr
  0.81MSMLX Matthews Asia SmallPairCorr
  0.94MCDFX Matthews China DividendPairCorr
  0.91MCHFX Matthews China Steady GrowthPairCorr
  0.88MCSMX Matthews China Small Steady GrowthPairCorr
  0.61MEGMX Matthews Emerging MarketsPairCorr
  1.0MIAPX Matthews Asia GrowthPairCorr
  0.61MICHX Matthews China Small Steady GrowthPairCorr
  0.61MICFX Matthews China Steady GrowthPairCorr
  0.61MIEFX Matthews Emerging MarketsPairCorr
  0.76MIDNX Matthews IndiaPairCorr
  0.65MIJFX Matthews JapanPairCorr
  0.75MINDX Matthews IndiaPairCorr
  0.97MIPIX Matthews Asia DividendPairCorr
  0.98MIPTX Matthews Pacific TigerPairCorr
  0.61MITEX Matthews Asia Innovators Steady GrowthPairCorr
  0.81MISMX Matthews Asia SmallPairCorr
  0.84MJFOX Matthews JapanPairCorr
  0.79VPADX Vanguard Pacific StockPairCorr
  0.79VPKIX Vanguard Pacific StockPairCorr
  0.94VPACX Vanguard Pacific StockPairCorr
  0.65DXQLX Direxion Monthly NasdaqPairCorr
  0.67RYVLX Nasdaq 100 2xPairCorr
  0.66RYVYX Nasdaq 100 2xPairCorr
  0.97UOPIX Ultra Nasdaq 100PairCorr
  0.65RYCCX Nasdaq 100 2xPairCorr
  0.65UOPSX Ultranasdaq 100 ProfundPairCorr
  0.98INPIX Internet UltrasectorPairCorr
  0.63INPSX Internet UltrasectorPairCorr
  0.65MXCCX Federated Max CapPairCorr
  0.94EKSRX Wells Fargo DiversifiedPairCorr
  0.93FFFCX Fidelity Freedom 2010PairCorr

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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