Matthews Emerging Correlations

Etfs . USA . 
Etf . Matthews Emerging Markets
MEMX Etf   28.57  0.01  0.04%   
The current 90-days correlation between Matthews Emerging Markets and Matthews Asia Innovators is -0.04 (i.e., Good 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

Very weak diversification

The correlation between Matthews Emerging Markets and DJI is 0.46 (i.e., Very weak 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 etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Matthews Etf

  0.8MPAY Akros Monthly PayoutPairCorr
  0.67HD Home DepotPairCorr
  0.79MSFT MicrosoftPairCorr
  0.77HPQ HP IncPairCorr
  0.68CAT CaterpillarPairCorr
  0.69BA BoeingPairCorr
  0.77AXP American Express Sell-off TrendPairCorr

Moving against Matthews Etf

  0.84BITI ProShares TrustPairCorr
  0.67PULS PGIM Ultra ShortPairCorr
  0.63SPAQ Horizon Kinetics SPACPairCorr
  0.52PG Procter GamblePairCorr
  0.46FNDE Schwab FundamentalPairCorr
  0.33CVX Chevron Corp Sell-off TrendPairCorr
  0.74JNJ Johnson JohnsonPairCorr
  0.73VZ Verizon CommunicationsPairCorr
  0.64T ATT Inc Earnings Call This WeekPairCorr
  0.55MCD McDonaldsPairCorr

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   
MEM
+ 0.99
MINV
MCH
+ 0.76
MINV
MCH
+ 0.73
MEM
EMXC
+ 0.67
XCEM
MEM
+ 0.56
XCEM
XCEM
+ 0.53
MINV
  
High negative correlations   
EMXC
- 0.15
MCH

Matthews Emerging Constituents Risk-Adjusted Indicators

There is a big difference between Matthews Etf performing well and Matthews Emerging 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 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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