Matthews China Correlations

Mutual Funds . USA . 
Fund . Matthews China Dividend
MCDFX Fund  USD 13.24  0.03  0.23%   
The current 90-days correlation between Matthews China Dividend and Matthews China Small is 0.89 (i.e., Very poor diversification). The correlation of Matthews China 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 China Correlation With Market

Significant diversification

The correlation between Matthews China Dividend and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Matthews China Dividend 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 China Dividend. 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 census.

Moving together with Matthews Mutual Fund

  0.69MAPIX Matthews Asia DividendPairCorr
  0.71MASGX Matthews Asia EsgPairCorr
  0.8MATFX Matthews Asia InnovatorsPairCorr
  0.95MCHFX Matthews ChinaPairCorr
  0.98MCSMX Matthews China SmallPairCorr
  0.77MEGMX Matthews Emerging MarketsPairCorr
  0.98MICDX Matthews China DividendPairCorr
  0.84MICHX Matthews China SmallPairCorr
  0.95MICFX Matthews ChinaPairCorr
  0.72MIEFX Matthews Emerging MarketsPairCorr
  0.69MIJFX Matthews JapanPairCorr
  0.86MIPIX Matthews Asia DividendPairCorr
  0.64MIPTX Matthews Pacific Tiger Potential GrowthPairCorr
  0.7MITEX Matthews Asia InnovatorsPairCorr
  0.73MISFX Matthews Asia EsgPairCorr
  0.69MJFOX Matthews JapanPairCorr
  0.9FHKTX Fidelity China RegionPairCorr
  0.9FCHKX Fidelity China RegionPairCorr
  0.9FHKAX Fidelity China RegionPairCorr
  0.9FHKIX Fidelity China RegionPairCorr
  0.81FIQFX Fidelity China RegionPairCorr
  0.9FHKCX Fidelity China RegionPairCorr
  0.67USPSX Profunds UltrashortPairCorr
  0.81PDI Pimco Dynamic Income Sell-off TrendPairCorr
  0.67USPIX Profunds UltrashortPairCorr
  0.79UIPIX Ultrashort Mid CapPairCorr

Moving against Matthews Mutual Fund

  0.58MIDNX Matthews IndiaPairCorr
  0.56MINDX Matthews IndiaPairCorr
  0.72TCSUX Cleartrack 2020 ClassPairCorr
  0.69TCTGX Transamerica CleartrackPairCorr
  0.68TDKTX Cleartrack 2015 ClassPairCorr
  0.68TCTJX Transamerica CleartrackPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Matthews Mutual Fund performing well and Matthews China 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 China'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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