Matthews Asia Correlations

Mutual Funds . USA . 
Fund . Matthews Asia Small
MSMLX Fund  USD 26.01  0.02  0.08%   
The current 90-days correlation between Matthews Asia Small and Matthews Asia Dividend is 0.76 (i.e., 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 Small and DJI is 0.53 (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 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 bureau of economic analysis.

Moving together with Matthews Mutual Fund

  0.96MPACX Matthews Asia GrowthPairCorr
  0.98MAPTX Matthews Pacific TigerPairCorr
  0.99MAPIX Matthews Asia DividendPairCorr
  0.99MASGX Matthews Asia EsgPairCorr
  0.98MATFX Matthews Asia InnovatorsPairCorr
  0.96MCDFX Matthews China DividendPairCorr
  0.95MCHFX Matthews China Steady GrowthPairCorr
  0.98MCSMX Matthews China SmallPairCorr
  0.99MEGMX Matthews Emerging MarketsPairCorr
  0.96MIAPX Matthews Asia GrowthPairCorr
  0.96MICDX Matthews China DividendPairCorr
  0.98MICHX Matthews China SmallPairCorr
  0.95MICFX Matthews China Steady GrowthPairCorr
  0.99MIEFX Matthews Emerging MarketsPairCorr
  0.9MIDNX Matthews IndiaPairCorr
  0.92MIJFX Matthews JapanPairCorr
  0.9MINDX Matthews IndiaPairCorr
  0.99MIPIX Matthews Asia DividendPairCorr
  0.98MIPTX Matthews Pacific TigerPairCorr
  0.98MITEX Matthews Asia InnovatorsPairCorr
  0.99MISFX Matthews Asia EsgPairCorr
  1.0MISMX Matthews Asia SmallPairCorr
  0.92MJFOX Matthews JapanPairCorr
  0.98VEMAX Vanguard Emerging MarketsPairCorr
  0.98VEIEX Vanguard Emerging MarketsPairCorr
  0.98VEMIX Vanguard Emerging MarketsPairCorr
  0.98VEMRX Vanguard Emerging MarketsPairCorr
  0.98FWWNX American Funds NewPairCorr
  0.98FNFWX American Funds NewPairCorr
  0.98NEWFX New World FundPairCorr
  0.98NWFFX New World FundPairCorr
  0.98NEWCX New World FundPairCorr
  0.98ODVYX Oppenheimer DevelopingPairCorr
  0.97CPAYX Columbia Pacific/asiaPairCorr
  0.97CASAX Columbia Pacific/asiaPairCorr
  0.97CASCX Columbia PacificasiaPairCorr
  0.96MSKLX Mid Cap GrowthPairCorr
  0.96CISGX Touchstone Sands CapitalPairCorr

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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