Matthews China Correlations

MCHS Etf

33.86 0.02 0.06%

The current 90-days correlation between Matthews China Discovery and AdvisorShares Hotel ETF is 0.29 (i.e., Modest 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

Very weak diversification

The correlation between Matthews China Discovery and DJI is 0.44 (i.e., Very weak 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 census.

Moving together with Matthews Etf

0.9	KWEB	KraneShares CSI China	Pair Corr
0.85	FXI	iShares China Large Aggressive Push	Pair Corr
0.73	ASHR	Xtrackers Harvest CSI Sell-off Trend	Pair Corr
0.9	GXC	SPDR SP China	Pair Corr
0.92	CQQQ	Invesco China Technology	Pair Corr
0.91	CXSE	WisdomTree China	Pair Corr
0.72	KBA	KraneShares Bosera MSCI	Pair Corr
0.75	CNYA	iShares MSCI China	Pair Corr
0.63	GDXU	MicroSectors Gold Miners Trending	Pair Corr
0.71	TESL	Simplify Volt TSLA Symbol Change	Pair Corr
0.61	JNUG	Direxion Daily Junior	Pair Corr
0.64	IJR	iShares Core SP Sell-off Trend	Pair Corr

Moving against Matthews Etf

0.67	WTID	UBS ETRACS	Pair Corr
0.57	KO	Coca Cola Sell-off Trend	Pair Corr
0.51	MCD	McDonalds	Pair Corr
0.38	BA	Boeing	Pair Corr
0.37	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	BEDZ	GEND	PCEM	DUKX	KPRO	EAFG	EATZ	THNR	BFRE	ZSC
BEDZ		0.15	0.43	-0.51	-0.31	-0.53	0.72	-0.2	-0.63	-0.74	BEDZ
GEND	0.15		0.39	0.48	0.62	0.57	-0.11	0.59	0.49	0.34	GEND
PCEM	0.43	0.39		0.02	0.23	0.15	0.17	-0.07	0.07	-0.22	PCEM
DUKX	-0.51	0.48	0.02		0.88	0.89	-0.72	0.53	0.93	0.89	DUKX
KPRO	-0.31	0.62	0.23	0.88		0.9	-0.53	0.58	0.82	0.71	KPRO
EAFG	-0.53	0.57	0.15	0.89	0.9		-0.63	0.6	0.9	0.82	EAFG
EATZ	0.72	-0.11	0.17	-0.72	-0.53	-0.63		-0.35	-0.81	-0.86	EATZ
THNR	-0.2	0.59	-0.07	0.53	0.58	0.6	-0.35		0.46	0.5	THNR
BFRE	-0.63	0.49	0.07	0.93	0.82	0.9	-0.81	0.46		0.93	BFRE
ZSC	-0.74	0.34	-0.22	0.89	0.71	0.82	-0.86	0.5	0.93		ZSC
	BEDZ	GEND	PCEM	DUKX	KPRO	EAFG	EATZ	THNR	BFRE	ZSC

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BFRE	+ 0.93	DUKX
ZSC	+ 0.93	BFRE
EAFG	+ 0.9	KPRO
BFRE	+ 0.9	EAFG
EAFG	+ 0.89	DUKX
ZSC	+ 0.89	DUKX

High negative correlations

ZSC	- 0.86	EATZ
BFRE	- 0.81	EATZ
ZSC	- 0.74	BEDZ
EATZ	- 0.72	DUKX
EATZ	- 0.63	EAFG
BFRE	- 0.63	BEDZ

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BEDZ	0.94	(0.14)	(0.12)	(0.01)	1.03	(1.24)	1.98	(1.84)	6.79
GEND	0.44	0.06	(0.11)	(1.16)	0.43	(0.55)	0.89	(0.80)	3.21
PCEM	0.59	0.02	(0.10)	0.37	0.79	(0.61)	1.09	(1.53)	3.20
DUKX	0.52	0.01	(0.03)	0.12	0.61	(0.58)	1.12	(0.81)	4.41
KPRO	0.29	0.04	(0.09)	0.26	0.21	(0.31)	0.71	(0.45)	2.45
EAFG	0.68	0.11	(0.01)	(14.13)	0.79	(0.69)	1.50	(1.63)	4.09
EATZ	0.75	(0.30)	0.00	(0.19)	0.00	0.00	1.28	(1.76)	5.67
THNR	0.87	0.09	0.06	0.23	0.76	(1.03)	2.14	(1.55)	7.30
BFRE	0.48	0.12	(0.01)	(1.49)	0.51	(0.53)	1.09	(0.81)	3.86
ZSC	0.61	0.24	0.11	(0.94)	0.54	(0.65)	1.51	(1.48)	5.32

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