Matthews China Discovery Etf Market Value
| MCHS Etf | 25.62 0.15 0.59% |
| Symbol | Matthews |
The market value of Matthews China Discovery is measured differently than its book value, which is the value of Matthews that is recorded on the company's balance sheet. Investors also form their own opinion of Matthews China's value that differs from its market value or its book value, called intrinsic value, which is Matthews China's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Matthews China's market value can be influenced by many factors that don't directly affect Matthews China's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Matthews China's value and its price as these two are different measures arrived at by different means. Investors typically determine if Matthews China is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Matthews China's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Matthews China 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Matthews China's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Matthews China.
| 10/21/2024 |
| 12/20/2024 |
If you would invest 0.00 in Matthews China on October 21, 2024 and sell it all today you would earn a total of 0.00 from holding Matthews China Discovery or generate 0.0% return on investment in Matthews China over 60 days. Matthews China is related to or competes with FT Vest, Northern Lights, Dimensional International, JPMorgan Fundamental, Davis Select, and Dimensional ETF. Matthews China is entity of United States More
Matthews China Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Matthews China's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Matthews China Discovery upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.93 | |||
| Information Ratio | 0.0806 | |||
| Maximum Drawdown | 19.76 | |||
| Value At Risk | (4.02) | |||
| Potential Upside | 6.45 |
Matthews China Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Matthews China's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Matthews China's standard deviation. In reality, there are many statistical measures that can use Matthews China historical prices to predict the future Matthews China's volatility.| Risk Adjusted Performance | 0.08 | |||
| Jensen Alpha | 0.2666 | |||
| Total Risk Alpha | 0.1813 | |||
| Sortino Ratio | 0.085 | |||
| Treynor Ratio | 1.08 |
Matthews China Discovery Backtested Returns
Matthews China appears to be not too volatile, given 3 months investment horizon. Matthews China Discovery has Sharpe Ratio of 0.075, which conveys that the entity had a 0.075% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Matthews China, which you can use to evaluate the volatility of the etf. Please exercise Matthews China's Downside Deviation of 2.93, mean deviation of 2.13, and Risk Adjusted Performance of 0.08 to check out if our risk estimates are consistent with your expectations. The etf secures a Beta (Market Risk) of 0.25, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Matthews China's returns are expected to increase less than the market. However, during the bear market, the loss of holding Matthews China is expected to be smaller as well.
Auto-correlation | 0.25 |
Poor predictability
Matthews China Discovery has poor predictability. Overlapping area represents the amount of predictability between Matthews China time series from 21st of October 2024 to 20th of November 2024 and 20th of November 2024 to 20th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Matthews China Discovery price movement. The serial correlation of 0.25 indicates that over 25.0% of current Matthews China price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
Matthews China Discovery lagged returns against current returns
Autocorrelation, which is Matthews China etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Matthews China's etf expected returns. We can calculate the autocorrelation of Matthews China returns to help us make a trade decision. For example, suppose you find that Matthews China has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Matthews China regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Matthews China etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Matthews China etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Matthews China etf over time.
Current vs Lagged Prices |
| Timeline |
Matthews China Lagged Returns
When evaluating Matthews China's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Matthews China etf have on its future price. Matthews China autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Matthews China autocorrelation shows the relationship between Matthews China etf current value and its past values and can show if there is a momentum factor associated with investing in Matthews China Discovery.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Matthews China Correlation, Matthews China Volatility and Matthews China Alpha and Beta module to complement your research on Matthews China. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Matthews China technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.