Matthews Asia Correlations

Etfs . USA . 
Etf . Matthews Asia Innovators
MINV Etf  USD 28.66  0.29  1.00%   
The current 90-days correlation between Matthews Asia Innovators and Matthews China Active is 0.77 (i.e., Poor diversification). The correlation of Matthews Asia 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 Asia Correlation With Market

Modest diversification

The correlation between Matthews Asia Innovators and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Matthews Asia Innovators 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 Asia Innovators. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Matthews Etf

  0.65BBAX JPMorgan BetaBuildersPairCorr
  0.85AAXJ iShares MSCI AllPairCorr
  0.62EPP iShares MSCI PacificPairCorr
  0.88AIA iShares Asia 50PairCorr
  0.94GMF SPDR SP EmergingPairCorr
  0.84FLAX Franklin FTSE AsiaPairCorr
  0.67DVYA iShares AsiaPacificPairCorr
  0.71FPA First Trust AsiaPairCorr
  0.79ADIV SmartETFs Asia PacificPairCorr
  0.63SHLD Global X FundsPairCorr
  0.7GDXU MicroSectors Gold MinersPairCorr
  0.66JNJ Johnson JohnsonPairCorr
  0.68VZ Verizon Communications Sell-off TrendPairCorr
  0.75MCD McDonaldsPairCorr
  0.71DD Dupont De NemoursPairCorr
  0.74T ATT Inc Aggressive PushPairCorr
  0.72INTC Intel Sell-off TrendPairCorr
  0.73IBM International BusinessPairCorr

Moving against Matthews Etf

  0.39HUM Humana IncPairCorr
  0.52CAT CaterpillarPairCorr
  0.43MSFT Microsoft Aggressive PushPairCorr
  0.33AXP American ExpressPairCorr

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   
JIRE
+ 0.92
MCH
MEM
+ 0.84
MCH
JPRE
+ 0.76
JIRE
JIRE
+ 0.75
MEM
JPRE
+ 0.69
MCH
JPRE
+ 0.62
MEM
  
High negative correlations   
MEMX
- 0.61
MCH
JIRE
- 0.59
MEMX
JPRE
- 0.43
MEMX
MEMX
- 0.1
MEM

Matthews Asia Constituents Risk-Adjusted Indicators

There is a big difference between Matthews Etf performing well and Matthews Asia 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 Asia'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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