Matthews Asia Innovators Etf Market Value
| MINV Etf | USD 28.70 0.56 1.99% |
| Symbol | Matthews |
The market value of Matthews Asia Innovators 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 Asia's value that differs from its market value or its book value, called intrinsic value, which is Matthews Asia'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 Asia's market value can be influenced by many factors that don't directly affect Matthews Asia'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 Asia's value and its price as these two are different measures arrived at by different means. Investors typically determine if Matthews Asia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Matthews Asia'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 Asia '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 Asia'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 Asia.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Matthews Asia on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Matthews Asia Innovators or generate 0.0% return on investment in Matthews Asia over 90 days. Matthews Asia is related to or competes with JPMorgan BetaBuilders, IShares MSCI, IShares MSCI, IShares Asia, SPDR SP, Franklin FTSE, and IShares AsiaPacific. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80 percent of its n... More
Matthews Asia 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 Asia'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 Asia Innovators upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.52 | |||
| Information Ratio | 0.0754 | |||
| Maximum Drawdown | 7.01 | |||
| Value At Risk | (2.34) | |||
| Potential Upside | 1.99 |
Matthews Asia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Matthews Asia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Matthews Asia's standard deviation. In reality, there are many statistical measures that can use Matthews Asia historical prices to predict the future Matthews Asia's volatility.| Risk Adjusted Performance | 0.0066 | |||
| Jensen Alpha | 0.0376 | |||
| Total Risk Alpha | 0.1666 | |||
| Sortino Ratio | 0.0682 | |||
| Treynor Ratio | (0.01) |
Matthews Asia Innovators Backtested Returns
At this stage we consider Matthews Etf to be very steady. Matthews Asia Innovators has Sharpe Ratio of 0.0139, which conveys that the entity had a 0.0139 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Matthews Asia, which you can use to evaluate the volatility of the etf. Please verify Matthews Asia's Risk Adjusted Performance of 0.0066, downside deviation of 1.52, and Mean Deviation of 1.06 to check out if the risk estimate we provide is consistent with the expected return of 0.0189%. The etf secures a Beta (Market Risk) of 0.39, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Matthews Asia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Matthews Asia is expected to be smaller as well.
Auto-correlation | -0.41 |
Modest reverse predictability
Matthews Asia Innovators has modest reverse predictability. Overlapping area represents the amount of predictability between Matthews Asia time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. 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 Asia Innovators price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Matthews Asia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
Matthews Asia Innovators lagged returns against current returns
Autocorrelation, which is Matthews Asia 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 Asia's etf expected returns. We can calculate the autocorrelation of Matthews Asia returns to help us make a trade decision. For example, suppose you find that Matthews Asia 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 Asia 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 Asia etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Matthews Asia etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Matthews Asia etf over time.
Current vs Lagged Prices |
| Timeline |
Matthews Asia Lagged Returns
When evaluating Matthews Asia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Matthews Asia etf have on its future price. Matthews Asia 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 Asia autocorrelation shows the relationship between Matthews Asia etf current value and its past values and can show if there is a momentum factor associated with investing in Matthews Asia Innovators.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out Matthews Asia Correlation, Matthews Asia Volatility and Matthews Asia Alpha and Beta module to complement your research on Matthews Asia. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Matthews Asia 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.