Matthews Asia Correlations

MSMLX Fund

USD 25.65 0.28 1.08%

The current 90-days correlation between Matthews Asia Small and Virtus Emerging Markets is -0.05 (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

Very weak diversification

The correlation between Matthews Asia Small and DJI is 0.51 (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

1.0	MISMX	Matthews Asia Small	Pair Corr
0.72	NHS	Neuberger Berman High	Pair Corr

Related Correlations Analysis

	HEMZX	HIEMX	MICFX	PEDIX	MSIQX	HESAX	BUFSX	PRCNX	OISGX	OMAH
HEMZX		0.93	0.74	0.8	0.45	0.94	0.12	0.66	0.61	0.21	HEMZX
HIEMX	0.93		0.8	0.84	0.56	0.88	0.28	0.76	0.75	0.3	HIEMX
MICFX	0.74	0.8		0.62	0.61	0.71	0.39	0.75	0.68	0.33	MICFX
PEDIX	0.8	0.84	0.62		0.57	0.8	0.22	0.74	0.6	0.04	PEDIX
MSIQX	0.45	0.56	0.61	0.57		0.48	0.75	0.9	0.76	0.27	MSIQX
HESAX	0.94	0.88	0.71	0.8	0.48		0.08	0.65	0.6	0.17	HESAX
BUFSX	0.12	0.28	0.39	0.22	0.75	0.08		0.6	0.77	0.4	BUFSX
PRCNX	0.66	0.76	0.75	0.74	0.9	0.65	0.6		0.75	0.37	PRCNX
OISGX	0.61	0.75	0.68	0.6	0.76	0.6	0.77	0.75		0.45	OISGX
OMAH	0.21	0.3	0.33	0.04	0.27	0.17	0.4	0.37	0.45		OMAH
	HEMZX	HIEMX	MICFX	PEDIX	MSIQX	HESAX	BUFSX	PRCNX	OISGX	OMAH

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
HEMZX	0.59	0.03	(0.01)	(0.29)	0.77	(0.65)	1.34	(1.08)	4.35
HIEMX	0.59	0.01	(0.01)	0.06	0.77	(0.64)	1.34	(1.13)	4.35
MICFX	1.04	0.00	(0.01)	0.04	1.39	(1.15)	2.08	(1.72)	8.10
PEDIX	0.72	0.07	0.05	0.29	0.67	(0.85)	1.99	(1.28)	4.11
MSIQX	0.68	(0.07)	0.00	(0.03)	0.00	0.00	1.18	(1.33)	3.58
HESAX	0.55	0.04	0.00	(0.81)	0.80	(0.53)	1.27	(1.18)	4.23
BUFSX	0.95	(0.07)	(0.04)	(0.01)	1.23	(0.98)	2.07	(1.74)	6.29
PRCNX	0.62	(0.03)	(0.05)	0.00	0.77	(0.63)	0.95	(1.27)	3.50
OISGX	0.99	(0.02)	0.00	0.03	1.28	(1.05)	2.12	(1.88)	6.36
OMAH	0.42	(0.01)	(0.05)	0.02	0.55	(0.44)	1.12	(1.10)	2.86

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Matthews Asia Correlations

Matthews Asia Correlation With Market

Very weak diversification

Moving together with Matthews Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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