Matthews Pacific Correlations
| MAPTX Fund | USD 18.17 0.05 0.28% |
The current 90-days correlation between Matthews Pacific Tiger and Matthews Asian Growth is -0.19 (i.e., Good diversification). The correlation of Matthews Pacific 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 Pacific Correlation With Market
Modest diversification
The correlation between Matthews Pacific Tiger and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Matthews Pacific Tiger and DJI in the same portfolio, assuming nothing else is changed.
Matthews |
Moving together with Matthews Mutual Fund
| 0.89 | MPACX | Matthews Asia Growth | PairCorr |
| 0.79 | MAPIX | Matthews Asia Dividend | PairCorr |
| 0.86 | MATFX | Matthews Asia Innovators | PairCorr |
| 0.63 | MCHFX | Matthews China | PairCorr |
| 0.82 | MEGMX | Matthews Emerging Markets | PairCorr |
| 0.89 | MIAPX | Matthews Asia Growth | PairCorr |
| 0.63 | MICFX | Matthews China | PairCorr |
| 0.68 | MIJFX | Matthews Japan | PairCorr |
| 0.79 | MIPIX | Matthews Asia Dividend | PairCorr |
| 1.0 | MIPTX | Matthews Pacific Tiger Potential Growth | PairCorr |
| 0.88 | MISFX | Matthews Asia Esg | PairCorr |
| 0.68 | MJFOX | Matthews Japan | PairCorr |
| 0.8 | PNSIX | T Rowe Price | PairCorr |
| 0.8 | PRASX | T Rowe Price | PairCorr |
| 0.8 | TRZNX | T Rowe Price | PairCorr |
| 0.82 | FSEAX | Fidelity Emerging Asia | PairCorr |
| 0.82 | ASIYX | Invesco Asia Pacific | PairCorr |
| 0.83 | ASISX | Invesco Asia Pacific | PairCorr |
| 0.62 | VTPSX | Vanguard Total Inter | PairCorr |
Related Correlations Analysis
| 0.44 | -0.02 | 0.0 | 0.38 | MACSX | ||
| 0.44 | -0.58 | 0.0 | 0.65 | MCHFX | ||
| -0.02 | -0.58 | 0.0 | -0.05 | MINDX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | MAKOX | ||
| 0.38 | 0.65 | -0.05 | 0.0 | MPACX | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Matthews Mutual Fund performing well and Matthews Pacific 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 Pacific'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MACSX | 0.63 | (0.01) | 0.04 | 0.02 | 0.80 | 1.21 | 5.73 | |||
| MCHFX | 1.19 | 0.18 | 0.14 | 0.57 | 1.26 | 2.70 | 6.92 | |||
| MINDX | 1.04 | (0.33) | 0.00 | (1.16) | 0.00 | 1.66 | 14.48 | |||
| MAKOX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MPACX | 0.89 | 0.00 | 0.00 | (0.03) | 0.00 | 1.57 | 6.93 |