Matthews Emerging Correlations

Mutual Funds . USA . 
Fund . Matthews Emerging Markets
MEGMX Fund  USD 13.46  0.06  0.44%   
The current 90-days correlation between Matthews Emerging Markets and Matthews China Small is 0.68 (i.e., Poor diversification). The correlation of Matthews Emerging 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 Emerging Correlation With Market

Good diversification

The correlation between Matthews Emerging Markets and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Matthews Emerging Markets 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 Emerging Markets. 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 population.

Moving together with Matthews Mutual Fund

  0.85MAPIX Matthews Asia Dividend Potential GrowthPairCorr
  0.95MASGX Matthews Asia EsgPairCorr
  0.74MCDFX Matthews China DividendPairCorr
  0.75MIAPX Matthews Asia GrowthPairCorr
  0.83MICHX Matthews China SmallPairCorr
  1.0MIEFX Matthews Emerging MarketsPairCorr
  0.82MIJFX Matthews JapanPairCorr
  0.85MIPIX Matthews Asia Dividend Potential GrowthPairCorr
  0.84MIPTX Matthews Pacific TigerPairCorr
  0.98MITEX Matthews Asia InnovatorsPairCorr
  0.82MJFOX Matthews JapanPairCorr
  0.86VEMAX Vanguard Emerging MarketsPairCorr
  0.82VEIEX Vanguard Emerging MarketsPairCorr
  0.96VEMRX Vanguard Emerging MarketsPairCorr
  0.87FWWNX American Funds NewPairCorr
  0.87FNFWX American Funds NewPairCorr
  0.71NEWFX New World FundPairCorr
  0.75NWFFX New World FundPairCorr
  0.75NEWCX New World FundPairCorr
  0.82ODVYX Oppenheimer DevelopingPairCorr
  0.8VGTSX Vanguard Total InterPairCorr
  0.8VTIAX Vanguard Total InterPairCorr
  0.9TIISX Tiaa Cref IntlPairCorr
  0.7NWXEX Nationwide AmundiPairCorr
  0.62PYMPX Pimco High YieldPairCorr
  0.83VSIEX Jpmorgan International Potential GrowthPairCorr
  0.89NWXVX Nationwide InternationalPairCorr
  0.7PAETX Putnam RetirementPairCorr

Moving against Matthews Mutual Fund

  0.56MIDNX Matthews IndiaPairCorr
  0.46MINDX Matthews IndiaPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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