Matthews Asia Correlations

MSMLX Fund

USD 23.32 0.06 0.26%

The current 90-days correlation between Matthews Asia Small and Matthews Asia Dividend is 0.81 (i.e., Very 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

Weak diversification

The correlation between Matthews Asia Small and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Matthews Asia 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 Asia 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 bureau of economic analysis.

Moving together with Matthews Mutual Fund

0.72	MPACX	Matthews Asia Growth	Pair Corr
0.82	MAPTX	Matthews Pacific Tiger	Pair Corr
0.65	MAPIX	Matthews Asia Dividend	Pair Corr
0.69	MASGX	Matthews Asia Esg	Pair Corr
0.65	MATFX	Matthews Asia Innovators	Pair Corr
0.72	MIAPX	Matthews Asia Growth	Pair Corr
0.65	MIPIX	Matthews Asia Dividend	Pair Corr
0.82	MIPTX	Matthews Pacific Tiger	Pair Corr
0.65	MITEX	Matthews Asia Innovators	Pair Corr
0.69	MISFX	Matthews Asia Esg	Pair Corr
1.0	MISMX	Matthews Asia Small	Pair Corr
0.65	VEMAX	Vanguard Emerging Markets	Pair Corr
0.65	VEIEX	Vanguard Emerging Markets	Pair Corr
0.65	VEMIX	Vanguard Emerging Markets	Pair Corr
0.64	VEMRX	Vanguard Emerging Markets	Pair Corr

Moving against Matthews Mutual Fund

0.47	EMO	Clearbridge Energy Mlp	Pair Corr
0.43	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.43	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.43	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.39	ENPIX	Oil Gas Ultrasector Steady Growth	Pair Corr

Related Correlations Analysis

	MAPIX	MPACX	MATFX	MACSX	MAPTX
MAPIX		0.78	0.84	0.53	0.78	MAPIX
MPACX	0.78		0.94	0.55	0.88	MPACX
MATFX	0.84	0.94		0.59	0.83	MATFX
MACSX	0.53	0.55	0.59		0.55	MACSX
MAPTX	0.78	0.88	0.83	0.55		MAPTX
	MAPIX	MPACX	MATFX	MACSX	MAPTX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
MAPIX	0.63	0.04	0.10	0.02	0.72	(0.74)	1.28	(0.98)	3.83
MPACX	0.89	0.01	0.00	(0.05)	0.00	0.00	1.57	(2.42)	6.93
MATFX	1.03	0.04	0.05	0.01	1.41	(0.98)	1.96	(2.33)	7.52
MACSX	0.63	0.00	0.07	(0.02)	0.80	(0.75)	1.21	(1.48)	5.73
MAPTX	0.95	(0.06)	0.00	(0.20)	0.00	0.00	2.00	(2.04)	6.98

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC