Matthews China Dividend Fund Market Value
| MCDFX Fund | USD 10.41 0.17 1.66% |
| Symbol | Matthews |
Matthews China '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 China's mutual fund 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 China.
| 02/23/2024 |
| 04/23/2024 |
If you would invest 0.00 in Matthews China on February 23, 2024 and sell it all today you would earn a total of 0.00 from holding Matthews China Dividend or generate 0.0% return on investment in Matthews China over 60 days. Matthews China is related to or competes with Matthews China, Matthews Asia, Matthews Asia, Matthews Asia, and Matthews Asia. The investment seeks total return with an emphasis on providing current income More
Matthews China 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 China's mutual fund 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 China Dividend upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9452 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 5.84 | |||
| Value At Risk | (1.63) | |||
| Potential Upside | 1.8 |
Matthews China Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Matthews China's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Matthews China's standard deviation. In reality, there are many statistical measures that can use Matthews China historical prices to predict the future Matthews China's volatility.| Risk Adjusted Performance | 0.0463 | |||
| Jensen Alpha | 0.0765 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.35) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Matthews China's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Matthews China Dividend Backtested Returns
We consider Matthews China not too volatile. Matthews China Dividend has Sharpe Ratio of 0.0684, which conveys that the entity had a 0.0684% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Matthews China, which you can use to evaluate the volatility of the fund. Please verify Matthews China's Downside Deviation of 0.9452, mean deviation of 0.7895, and Risk Adjusted Performance of 0.0463 to check out if the risk estimate we provide is consistent with the expected return of 0.0725%. The fund secures a Beta (Market Risk) of -0.18, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Matthews China are expected to decrease at a much lower rate. During the bear market, Matthews China is likely to outperform the market.
Auto-correlation | -0.06 |
Very weak reverse predictability
Matthews China Dividend has very weak reverse predictability. Overlapping area represents the amount of predictability between Matthews China time series from 23rd of February 2024 to 24th of March 2024 and 24th of March 2024 to 23rd of April 2024. 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 China Dividend price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Matthews China price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Matthews China Dividend lagged returns against current returns
Autocorrelation, which is Matthews China mutual fund'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 China's mutual fund expected returns. We can calculate the autocorrelation of Matthews China returns to help us make a trade decision. For example, suppose you find that Matthews China has exhibited high autocorrelation historically, and you observe that the mutual fund 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 China 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 China mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Matthews China mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Matthews China mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Matthews China Lagged Returns
When evaluating Matthews China's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Matthews China mutual fund have on its future price. Matthews China 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 China autocorrelation shows the relationship between Matthews China mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Matthews China Dividend.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Matthews China Correlation, Matthews China Volatility and Matthews China Alpha and Beta module to complement your research on Matthews China. Note that the Matthews China Dividend information on this page should be used as a complementary analysis to other Matthews China's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Matthews China technical mutual fund 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, fund market cycles, or different charting patterns.