Matthews China Correlations

Mutual Funds . USA . 
Fund . Matthews China Small
MICHX Fund  USD 9.98  0.02  0.20%   
The current 90-days correlation between Matthews China Small and Scharf Global Opportunity is 0.05 (i.e., Significant 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

Good diversification

The correlation between Matthews China Small and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Matthews China Small 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 Small. 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 rate.

Moving together with Matthews Mutual Fund

  0.64MPACX Matthews Asia GrowthPairCorr
  0.79MAPTX Matthews Pacific Tiger Potential GrowthPairCorr
  0.88MAPIX Matthews Asia DividendPairCorr
  0.71MASGX Matthews Asia EsgPairCorr
  0.74MATFX Matthews Asia InnovatorsPairCorr
  0.98MCDFX Matthews China DividendPairCorr
  0.98MCHFX Matthews ChinaPairCorr
  1.0MCSMX Matthews China SmallPairCorr
  0.83MEGMX Matthews Emerging MarketsPairCorr
  0.64MIAPX Matthews Asia GrowthPairCorr
  0.98MICDX Matthews China DividendPairCorr
  0.93MICFX Matthews ChinaPairCorr
  0.68MIEFX Matthews Emerging MarketsPairCorr
  0.61MIJFX Matthews JapanPairCorr
  0.88MIPIX Matthews Asia DividendPairCorr
  0.79MIPTX Matthews Pacific Tiger Potential GrowthPairCorr
  0.74MITEX Matthews Asia InnovatorsPairCorr
  0.76MISFX Matthews Asia EsgPairCorr
  0.9FHKTX Fidelity China RegionPairCorr
  0.9FCHKX Fidelity China RegionPairCorr
  0.94FHKAX Fidelity China RegionPairCorr
  0.95FHKIX Fidelity China RegionPairCorr
  0.95FIQFX Fidelity China RegionPairCorr
  0.9FHKCX Fidelity China RegionPairCorr

Moving against Matthews Mutual Fund

  0.74MIDNX Matthews India Steady GrowthPairCorr
  0.74MINDX Matthews India Steady GrowthPairCorr
  0.57VITSX Vanguard Total StockPairCorr
  0.54VFINX Vanguard 500 IndexPairCorr
  0.53VTSAX Vanguard Total StockPairCorr
  0.53VFIAX Vanguard 500 IndexPairCorr
  0.53VTSMX Vanguard Total StockPairCorr
  0.53VSMPX Vanguard Total StockPairCorr
  0.53VSTSX Vanguard Total StockPairCorr
  0.5VFFSX Vanguard 500 IndexPairCorr

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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