Matthews Emerging Correlations

Mutual Funds . USA . 
Fund . Matthews Emerging Markets
MIEFX Fund  USD 16.59  0.17  1.04%   
The current 90-days correlation between Matthews Emerging Markets and Siit Small Cap is -0.18 (i.e., Good diversification). The correlation of Matthews Emerging 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 Emerging Correlation With Market

Significant diversification

The correlation between Matthews Emerging Markets and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Matthews Emerging Markets 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 Emerging Markets. 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 price.

Moving together with Matthews Mutual Fund

  0.71MPACX Matthews Asia GrowthPairCorr
  0.93MAPTX Matthews Pacific TigerPairCorr
  0.9MAPIX Matthews Asia DividendPairCorr
  0.93MASGX Matthews Asia EsgPairCorr
  0.69MATFX Matthews Asia InnovatorsPairCorr
  0.73MCDFX Matthews China DividendPairCorr
  0.66MCHFX Matthews ChinaPairCorr
  1.0MEGMX Matthews Emerging MarketsPairCorr
  0.8MIAPX Matthews Asia GrowthPairCorr
  0.73MICDX Matthews China DividendPairCorr
  0.67MICFX Matthews ChinaPairCorr
  0.65MIDNX Matthews IndiaPairCorr
  0.75MIJFX Matthews JapanPairCorr
  0.65MINDX Matthews IndiaPairCorr
  0.9MIPIX Matthews Asia DividendPairCorr
  0.94MIPTX Matthews Pacific TigerPairCorr
  0.69MITEX Matthews Asia InnovatorsPairCorr
  0.94MISFX Matthews Asia EsgPairCorr
  0.75MJFOX Matthews JapanPairCorr
  0.93VEMAX Vanguard Emerging MarketsPairCorr
  0.93VEIEX Vanguard Emerging MarketsPairCorr
  0.93VEMIX Vanguard Emerging MarketsPairCorr
  0.98VEMRX Vanguard Emerging MarketsPairCorr
  0.98FWWNX American Funds NewPairCorr
  0.94FNFWX American Funds NewPairCorr
  0.98NEWFX New World FundPairCorr
  0.94NWFFX New World FundPairCorr
  0.98NEWCX New World FundPairCorr
  0.93ODVYX Oppenheimer DevelopingPairCorr
  0.93VTSAX Vanguard Total StockPairCorr
  0.87VFIAX Vanguard 500 IndexPairCorr
  0.85VTSMX Vanguard Total StockPairCorr
  0.93VSMPX Vanguard Total StockPairCorr
  0.93VSTSX Vanguard Total StockPairCorr
  0.85VITSX Vanguard Total StockPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Matthews Mutual Fund performing well and Matthews Emerging 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 Emerging'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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