Matthews Japan Fund Market Value
| MIJFX Fund | USD 21.10 0.18 0.85% |
| Symbol | Matthews |
Matthews Japan '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 Japan's mutual fund 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 Japan.
| 12/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Matthews Japan on December 19, 2023 and sell it all today you would earn a total of 0.00 from holding Matthews Japan Fund or generate 0.0% return on investment in Matthews Japan over 360 days. Matthews Japan is related to or competes with Hennessy Japan, Matthews India, Hennessy Japan, Matthews Asia, and Matthews Japan. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80 percent of its n... More
Matthews Japan 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 Japan's mutual fund 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 Japan Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.22 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 7.75 | |||
| Value At Risk | (1.59) | |||
| Potential Upside | 1.61 |
Matthews Japan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Matthews Japan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Matthews Japan's standard deviation. In reality, there are many statistical measures that can use Matthews Japan historical prices to predict the future Matthews Japan's volatility.| Risk Adjusted Performance | 0.0222 | |||
| Jensen Alpha | 0.0162 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.3367 |
Matthews Japan Backtested Returns
At this stage we consider Matthews Mutual Fund to be very steady. Matthews Japan has Sharpe Ratio of 0.015, which conveys that the entity had a 0.015% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Matthews Japan, which you can use to evaluate the volatility of the fund. Please verify Matthews Japan's Mean Deviation of 0.9326, downside deviation of 1.22, and Risk Adjusted Performance of 0.0222 to check out if the risk estimate we provide is consistent with the expected return of 0.0198%. The fund secures a Beta (Market Risk) of 0.0655, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Matthews Japan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Matthews Japan is expected to be smaller as well.
Auto-correlation | 0.61 |
Good predictability
Matthews Japan Fund has good predictability. Overlapping area represents the amount of predictability between Matthews Japan time series from 19th of December 2023 to 16th of June 2024 and 16th of June 2024 to 13th 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 Japan price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Matthews Japan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.49 |
Matthews Japan lagged returns against current returns
Autocorrelation, which is Matthews Japan mutual fund'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 Japan's mutual fund expected returns. We can calculate the autocorrelation of Matthews Japan returns to help us make a trade decision. For example, suppose you find that Matthews Japan has exhibited high autocorrelation historically, and you observe that the mutual fund 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 Japan 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 Japan mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Matthews Japan mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Matthews Japan mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Matthews Japan Lagged Returns
When evaluating Matthews Japan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Matthews Japan mutual fund have on its future price. Matthews Japan 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 Japan autocorrelation shows the relationship between Matthews Japan mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Matthews Japan Fund.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Matthews Mutual Fund
Matthews Japan financial ratios help investors to determine whether Matthews Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Matthews with respect to the benefits of owning Matthews Japan security.
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