Matthews Asia Correlations

MISFX Fund

USD 12.32 0.11 0.88%

The current 90-days correlation between Matthews Asia Esg and T Rowe Price is 0.03 (i.e., Significant 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

Weak diversification

The correlation between Matthews Asia Esg and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Matthews Asia Esg 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 Esg. 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 census.

Moving together with Matthews Mutual Fund

0.94	MPACX	Matthews Asia Growth	Pair Corr
0.87	MAPTX	Matthews Pacific Tiger	Pair Corr
0.86	MAPIX	Matthews Asia Dividend	Pair Corr
1.0	MASGX	Matthews Asia Esg	Pair Corr
0.97	MATFX	Matthews Asia Innovators	Pair Corr
0.69	MSMLX	Matthews Asia Small	Pair Corr
0.75	MCDFX	Matthews China Dividend	Pair Corr
0.79	MCHFX	Matthews China	Pair Corr
0.73	MCSMX	Matthews China Small	Pair Corr
0.95	MEGMX	Matthews Emerging Markets	Pair Corr
0.94	MIAPX	Matthews Asia Growth	Pair Corr
0.75	MICDX	Matthews China Dividend	Pair Corr
0.73	MICHX	Matthews China Small	Pair Corr
0.79	MICFX	Matthews China	Pair Corr
0.95	MIEFX	Matthews Emerging Markets	Pair Corr
0.81	MIJFX	Matthews Japan	Pair Corr
0.87	MIPIX	Matthews Asia Dividend	Pair Corr
0.87	MIPTX	Matthews Pacific Tiger	Pair Corr
0.97	MITEX	Matthews Asia Innovators	Pair Corr
0.7	MISMX	Matthews Asia Small	Pair Corr
0.81	MJFOX	Matthews Japan	Pair Corr
0.95	VEMAX	Vanguard Emerging Markets	Pair Corr
0.95	VEIEX	Vanguard Emerging Markets	Pair Corr
0.95	VEMIX	Vanguard Emerging Markets	Pair Corr
0.95	VEMRX	Vanguard Emerging Markets	Pair Corr
0.86	FWWNX	American Funds New	Pair Corr
0.86	FNFWX	American Funds New	Pair Corr
0.86	NEWFX	New World Fund	Pair Corr
0.86	NWFFX	New World Fund	Pair Corr
0.85	NEWCX	New World Fund	Pair Corr
0.96	ODVYX	Oppenheimer Developing	Pair Corr

Related Correlations Analysis

	TFHAX	NMHYX	SGYAX	RHYAX	MWHYX	TRKZX	RHYKX	QLMYIX
TFHAX		0.87	0.89	0.89	0.96	0.9	0.91	0.91	TFHAX
NMHYX	0.87		0.96	0.99	0.94	0.97	0.95	0.97	NMHYX
SGYAX	0.89	0.96		0.95	0.96	0.99	0.96	0.94	SGYAX
RHYAX	0.89	0.99	0.95		0.94	0.96	0.94	0.97	RHYAX
MWHYX	0.96	0.94	0.96	0.94		0.96	0.96	0.96	MWHYX
TRKZX	0.9	0.97	0.99	0.96	0.96		0.96	0.93	TRKZX
RHYKX	0.91	0.95	0.96	0.94	0.96	0.96		0.96	RHYKX
QLMYIX	0.91	0.97	0.94	0.97	0.96	0.93	0.96		QLMYIX
	TFHAX	NMHYX	SGYAX	RHYAX	MWHYX	TRKZX	RHYKX	QLMYIX

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Risk-Adjusted Indicators

There is a big difference between Matthews Mutual Fund performing well and Matthews Asia 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 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TFHAX	0.11	0.00	0.26	(0.23)	0.14	(0.15)	0.21	(0.21)	0.82
NMHYX	0.12	0.01	0.32	0.05	0.09	(0.16)	0.24	(0.24)	0.95
SGYAX	0.16	0.02	0.30	0.09	0.10	(0.26)	0.56	(0.28)	1.57
RHYAX	0.12	0.01	0.28	0.03	0.11	(0.18)	0.31	(0.31)	1.14
MWHYX	0.12	0.00	0.40	(0.02)	0.08	(0.18)	0.43	(0.22)	0.76
TRKZX	0.17	0.01	0.27	0.03	0.14	(0.24)	0.51	(0.34)	1.20
RHYKX	0.15	0.02	0.30	0.14	0.02	(0.27)	0.37	(0.36)	0.92
QLMYIX	0.13	0.02	0.31	0.15	0.00	(0.21)	0.33	(0.33)	0.99

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Matthews Asia Correlations

Matthews Asia Correlation With Market

Weak diversification

Moving together with Matthews Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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