Matthews China Correlations

Etfs . USA . 
Etf . Matthews China Discovery
MCHS Etf   28.65  0.04  0.14%   
The current 90-days correlation between Matthews China Discovery and JPMorgan Fundamental Data is 0.74 (i.e., Poor diversification). The correlation of Matthews China 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 China Correlation With Market

Poor diversification

The correlation between Matthews China Discovery and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Matthews China Discovery and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Matthews Etf
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Matthews China Discovery. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Matthews Etf

  0.94KWEB KraneShares CSI ChinaPairCorr
  0.87FXI iShares China LargePairCorr
  0.84EWT iShares MSCI TaiwanPairCorr
  0.92ASHR Xtrackers Harvest CSI Sell-off TrendPairCorr
  0.97GXC SPDR SP ChinaPairCorr
  0.74CQQQ Invesco China TechnologyPairCorr
  0.85CXSE WisdomTree ChinaPairCorr
  0.81EWH iShares MSCI HongPairCorr
  0.81KBA KraneShares Bosera MSCIPairCorr
  0.92CNYA iShares MSCI ChinaPairCorr
  0.91UPRO ProShares UltraPro SP500PairCorr
  0.84QTJA Innovator ETFs TrustPairCorr
  0.84QTOC Innovator ETFs TrustPairCorr
  0.88XTOC Innovator ETFs TrustPairCorr
  0.85QTAP Innovator Growth 100PairCorr
  0.89XTJA Innovator ETFs TrustPairCorr
  0.87XTAP Innovator Equity AccPairCorr
  0.8SEMI Columbia SeligmanPairCorr
  0.8MAGX Roundhill Daily 2XPairCorr
  0.62HD Home DepotPairCorr
  0.77PFE Pfizer Inc Sell-off TrendPairCorr
  0.78IBM International BusinessPairCorr
  0.8DIS Walt DisneyPairCorr
  0.8JPM JPMorgan ChasePairCorr
  0.7MSFT Microsoft Aggressive PushPairCorr
  0.89CAT CaterpillarPairCorr
  0.82MMM 3M CompanyPairCorr
  0.77GE GE AerospacePairCorr
  0.83CSCO Cisco Systems Aggressive PushPairCorr
  0.72TRV The Travelers CompaniesPairCorr
  0.86BAC Bank of America Aggressive PushPairCorr

Related Correlations Analysis

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Matthews China Constituents Risk-Adjusted Indicators

There is a big difference between Matthews Etf performing well and Matthews China ETF 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 China'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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