Matthews Japan Correlations

Mutual Funds . USA . 
Fund . Matthews Japan Fund
MJFOX Fund  USD 20.30  0.10  0.50%   
The correlation of Matthews Japan 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 Japan Correlation With Market

Very weak diversification

The correlation between Matthews Japan Fund and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Matthews Japan 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 Japan 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 persons.

Moving together with Matthews Mutual Fund

  0.81MPACX Matthews Asia GrowthPairCorr
  0.74MACSX Matthews Asian GrowthPairCorr
  0.77MAPIX Matthews Asia DividendPairCorr
  0.74MASGX Matthews Asia EsgPairCorr
  0.61MATFX Matthews Asia InnovatorsPairCorr
  0.7MEGMX Matthews Emerging MarketsPairCorr
  0.73MIAPX Matthews Asia GrowthPairCorr
  0.73MICSX Matthews Asian GrowthPairCorr
  0.7MIEFX Matthews Emerging MarketsPairCorr
  1.0MIJFX Matthews JapanPairCorr
  0.78MIPIX Matthews Asia DividendPairCorr
  0.68MITEX Matthews Asia InnovatorsPairCorr
  0.71MISFX Matthews Asia EsgPairCorr
  0.69RJAIX T Rowe PricePairCorr
  0.87FJPNX Fidelity JapanPairCorr
  0.88DFJSX Japanese Small PanyPairCorr
  0.87FIQLX Fidelity JapanPairCorr
  0.9PRJPX T Rowe PricePairCorr
  0.8FJSCX Fidelity Japan SmallerPairCorr
  0.94FSJPX Fidelity Sai JapanPairCorr
  0.87FJPIX Fidelity JapanPairCorr
  0.79RYVLX Nasdaq 100 2xPairCorr
  0.79RYVYX Nasdaq 100 2xPairCorr
  0.62UOPIX Ultra Nasdaq 100PairCorr
  0.77RYCCX Nasdaq 100 2xPairCorr
  0.62UOPSX Ultranasdaq 100 ProfundPairCorr

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   
MAPTX
+ 0.85
MPACX
MACSX
+ 0.82
MPACX
MACSX
+ 0.82
MATFX
MATFX
+ 0.8
MPACX
MAPTX
+ 0.56
MATFX
MACSX
+ 0.49
MAPTX
  
High negative correlations   
MACSX
- 0.0
MAKOX
MAPTX
- 0.0
MAKOX
MATFX
- 0.0
MAKOX
MPACX
- 0.0
MAKOX

Risk-Adjusted Indicators

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