Matthews China Correlations

Etfs . USA . 
Etf . Matthews China Active
MCH Etf  USD 25.80  0.89  3.57%   
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.

Matthews China Correlation With Market

Significant diversification

The correlation between Matthews China Active and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Matthews China Active 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 Active. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Matthews Etf

  0.98KWEB KraneShares CSI ChinaPairCorr
  0.97FXI iShares China Large Aggressive PushPairCorr
  0.72ASHR Xtrackers Harvest CSIPairCorr
  0.99GXC SPDR SP ChinaPairCorr
  0.98CQQQ Invesco China TechnologyPairCorr
  1.0CXSE WisdomTree ChinaPairCorr
  0.86EWH iShares MSCI Hong Sell-off TrendPairCorr
  0.79KBA KraneShares Bosera MSCIPairCorr
  0.68CNYA iShares MSCI China Low VolatilityPairCorr
  0.88FXY Invesco CurrencySharesPairCorr
  0.86PMBS PIMCO Mortgage BackedPairCorr
  0.89IDOG ALPS International SectorPairCorr
  0.91INTF iShares Edge MSCIPairCorr
  0.99JCHI JP Morgan ExchangePairCorr
  0.78GLD SPDR Gold SharesPairCorr
  0.72PG Procter Gamble Sell-off TrendPairCorr
  0.89JNJ Johnson Johnson Sell-off TrendPairCorr
  0.91KO Coca ColaPairCorr
  0.78IBM International BusinessPairCorr

Moving against Matthews Etf

  0.63WGMI Valkyrie Bitcoin MinersPairCorr
  0.62MSFT MicrosoftPairCorr
  0.6MRK Merck Company Sell-off TrendPairCorr
  0.56CAT CaterpillarPairCorr
  0.49AA Alcoa CorpPairCorr
  0.33HD Home DepotPairCorr
  0.33DIS Walt DisneyPairCorr
  0.31HPQ HP IncPairCorr

Related Correlations Analysis

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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   
NL
+ 0.81
MTX
SOI
+ 0.0
CYT
LZ
+ 0.0
CYT
MTX
+ 0.0
CYT
NL
+ 0.0
CYT
LZ
+ 0.0
SOI
  
High negative correlations   
NL
- 0.67
LZ
MTX
- 0.63
LZ
NL
- 0.0
SOI
MTX
- 0.0
SOI
LZ
- 0.0
SOI
NL
- 0.0
CYT

Matthews China Constituents Risk-Adjusted Indicators

There is a big difference between Matthews Etf performing well and Matthews China ETF 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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