Matthews India Correlations

Mutual Funds . USA . 
Fund . Matthews India Fund
MINDX Fund  USD 23.83  0.36  1.53%   
The current 90-days correlation between Matthews India and Matthews China Fund is 0.14 (i.e., Average diversification). The correlation of Matthews India 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 India Correlation With Market

Good diversification

The correlation between Matthews India Fund and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Matthews India Fund 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 India Fund. 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 unemployment.

Moving together with Matthews Mutual Fund

  1.0MIDNX Matthews IndiaPairCorr
  0.95WAINX Wasatch Emerging IndiaPairCorr
  0.81WIINX Wasatch Emerging IndiaPairCorr
  0.99INDAX Alpskotak India GrowthPairCorr
  0.99INFCX Alpskotak India GrowthPairCorr
  0.99INAAX Alpskotak India GrowthPairCorr
  0.81ECGIX Eaton Vance GreaterPairCorr
  1.0ETGIX Eaton Vance GreaterPairCorr
  1.0EGIIX Eaton Vance GreaterPairCorr
  0.61GPMFX Guidepath Managed FuturesPairCorr
  0.83PQTAX Pimco Trends ManagedPairCorr
  0.83PQTNX Pimco Trends ManagedPairCorr

Moving against Matthews Mutual Fund

  0.75MCHFX Matthews ChinaPairCorr
  0.75MCSMX Matthews China SmallPairCorr
  0.75MICHX Matthews China SmallPairCorr
  0.75MICFX Matthews ChinaPairCorr
  0.7MCDFX Matthews China DividendPairCorr
  0.7MICDX Matthews China DividendPairCorr
  0.56MEGMX Matthews Emerging MarketsPairCorr
  0.55MIEFX Matthews Emerging MarketsPairCorr
  0.5MATFX Matthews Asia InnovatorsPairCorr
  0.5MITEX Matthews Asia InnovatorsPairCorr
  0.49MASGX Matthews Asia EsgPairCorr
  0.43MAPIX Matthews Asia DividendPairCorr
  0.43MIPIX Matthews Asia DividendPairCorr
  0.39MIPTX Matthews Pacific TigerPairCorr
  0.38MAPTX Matthews Pacific TigerPairCorr
  0.34MIJFX Matthews JapanPairCorr
  0.31MIAPX Matthews Asia GrowthPairCorr
  0.79GPBFX Gmo E PlusPairCorr
  0.79FSGGX Fidelity Global ExPairCorr
  0.78THCAX Thornburg Core PlusPairCorr
  0.68WARCX Wells Fargo AdvantagePairCorr
  0.65AVAYX Ab Virginia PortfolioPairCorr
  0.63GAAKX Gmo Alternative AlloPairCorr
  0.63GAAGX Gmo Alternative AlloPairCorr
  0.57FADJX FadjxPairCorr
  0.5MISFX Matthews Asia EsgPairCorr
  0.34MJFOX Matthews JapanPairCorr

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   
IIF
+ 0.97
ETGIX
MAPTX
+ 0.83
MCHFX
MAKOX
+ 0.0
MCHFX
MAKOX
+ 0.0
MAPTX
MAKOX
+ 0.0
ETGIX
MAKOX
+ 0.0
IIF
  
High negative correlations   
IIF
- 0.73
MCHFX
ETGIX
- 0.73
MCHFX
IIF
- 0.36
MAPTX
ETGIX
- 0.35
MAPTX
MAKOX
- 0.0
IIF
MAKOX
- 0.0
ETGIX

Risk-Adjusted Indicators

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