Matthews India Correlations

MIDNX Fund

USD 26.36 0.41 1.53%

The current 90-days correlation between Matthews India and Dreyfus Technology Growth is 0.1 (i.e., Average diversification). The correlation of Matthews India 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 India Correlation With Market

Good diversification

The correlation between Matthews India Fund and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Matthews India Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Matthews India Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Matthews Mutual Fund

0.61	MAPTX	Matthews Pacific Tiger	Pair Corr
0.68	MASGX	Matthews Asia Esg	Pair Corr
0.62	MIJFX	Matthews Japan	Pair Corr
0.93	MINDX	Matthews India	Pair Corr
0.62	MJFOX	Matthews Japan	Pair Corr
0.81	WAINX	Wasatch Emerging India	Pair Corr
0.74	WIINX	Wasatch Emerging India	Pair Corr
0.87	INDAX	Alpskotak India Growth	Pair Corr
0.75	INFCX	Alpskotak India Growth	Pair Corr
0.77	INAAX	Alpskotak India Growth	Pair Corr
0.89	ECGIX	Eaton Vance Greater	Pair Corr
0.81	ETGIX	Eaton Vance Greater	Pair Corr
0.81	EGIIX	Eaton Vance Greater	Pair Corr
0.62	ERH	Allspring Utilities And	Pair Corr
0.66	RFETX	American Funds 2030	Pair Corr
0.61	CIQGX	American Funds Conse	Pair Corr
0.83	FGBCX	Fidelity Investment Grade	Pair Corr
0.75	MECMX	Brf Clf Mpl	Pair Corr
0.67	LSAAX	Locorr Strategic All	Pair Corr
0.62	RERGX	Europacific Growth	Pair Corr

Moving against Matthews Mutual Fund

0.37

MCSMX

Matthews China Small

Pair Corr

Related Correlations Analysis

	DTEYX	VITAX	RAGTX	HTECX	TOWTX	USTCX
DTEYX		0.97	0.88	0.77	0.83	0.89	DTEYX
VITAX	0.97		0.93	0.65	0.73	0.91	VITAX
RAGTX	0.88	0.93		0.55	0.63	0.98	RAGTX
HTECX	0.77	0.65	0.55		0.77	0.59	HTECX
TOWTX	0.83	0.73	0.63	0.77		0.68	TOWTX
USTCX	0.89	0.91	0.98	0.59	0.68		USTCX
	DTEYX	VITAX	RAGTX	HTECX	TOWTX	USTCX

Risk-Adjusted Indicators

There is a big difference between Matthews Mutual Fund performing well and Matthews India Mutual Fund 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 India'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
DTEYX	1.04	0.07	0.05	0.11	1.50	(1.00)	1.70	(2.46)	6.53
VITAX	0.95	0.06	0.05	0.11	1.47	(0.91)	1.84	(2.72)	5.95
RAGTX	1.09	0.10	0.03	0.72	1.54	(1.01)	2.23	(2.90)	6.27
HTECX	0.97	(0.02)	0.00	0.04	1.34	(0.97)	1.86	(2.09)	5.80
TOWTX	0.70	0.01	0.01	0.07	0.88	(0.70)	1.59	(1.33)	4.32
USTCX	0.93	0.07	0.02	0.58	1.35	(0.88)	2.03	(2.38)	5.62

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