Matthews India Fund Market Value
| MINDX Fund | USD 29.47 0.16 0.55% |
| Symbol | Matthews |
Matthews India '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 India'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 India.
| 05/20/2024 |
| 06/19/2024 |
If you would invest 0.00 in Matthews India on May 20, 2024 and sell it all today you would earn a total of 0.00 from holding Matthews India Fund or generate 0.0% return on investment in Matthews India over 30 days. Matthews India is related to or competes with Alps/kotak India, HUMANA, Barloworld, Morningstar Unconstrained, High-yield Municipal, and Thrivent High. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80 percent of its n... More
Matthews India 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 India'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 India Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.64 | |||
| Information Ratio | 0.1013 | |||
| Maximum Drawdown | 11.08 | |||
| Value At Risk | (1.14) | |||
| Potential Upside | 1.09 |
Matthews India Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Matthews India's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Matthews India's standard deviation. In reality, there are many statistical measures that can use Matthews India historical prices to predict the future Matthews India's volatility.| Risk Adjusted Performance | 0.0741 | |||
| Jensen Alpha | 0.1353 | |||
| Total Risk Alpha | 0.1316 | |||
| Sortino Ratio | 0.0819 | |||
| Treynor Ratio | 0.4204 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Matthews India'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 India Backtested Returns
We consider Matthews India very steady. Matthews India has Sharpe Ratio of 0.11, which conveys that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Matthews India, which you can use to evaluate the volatility of the fund. Please verify Matthews India's Risk Adjusted Performance of 0.0741, mean deviation of 0.7008, and Downside Deviation of 1.64 to check out if the risk estimate we provide is consistent with the expected return of 0.14%. The fund secures a Beta (Market Risk) of 0.32, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Matthews India's returns are expected to increase less than the market. However, during the bear market, the loss of holding Matthews India is expected to be smaller as well.
Auto-correlation | -0.28 |
Weak reverse predictability
Matthews India Fund has weak reverse predictability. Overlapping area represents the amount of predictability between Matthews India time series from 20th of May 2024 to 4th of June 2024 and 4th of June 2024 to 19th of June 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 India price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Matthews India price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.5 |
Matthews India lagged returns against current returns
Autocorrelation, which is Matthews India 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 India's mutual fund expected returns. We can calculate the autocorrelation of Matthews India returns to help us make a trade decision. For example, suppose you find that Matthews India 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 India 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 India mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Matthews India 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 India mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Matthews India Lagged Returns
When evaluating Matthews India's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Matthews India mutual fund have on its future price. Matthews India 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 India autocorrelation shows the relationship between Matthews India mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Matthews India Fund.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Matthews Mutual Fund
Matthews India financial ratios help investors to determine whether Matthews Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Matthews with respect to the benefits of owning Matthews India security.
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