Matthews International Funds Etf Market Value
| ASIA Etf | USD 26.98 0.03 0.11% |
| Symbol | Matthews |
The market value of Matthews International is measured differently than its book value, which is the value of Matthews that is recorded on the company's balance sheet. Investors also form their own opinion of Matthews International's value that differs from its market value or its book value, called intrinsic value, which is Matthews International's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Matthews International's market value can be influenced by many factors that don't directly affect Matthews International's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Matthews International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Matthews International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Matthews International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Matthews International '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 International's etf 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 International.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Matthews International on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Matthews International Funds or generate 0.0% return on investment in Matthews International over 30 days. Matthews International is related to or competes with JPMorgan BetaBuilders, IShares MSCI, IShares MSCI, IShares Asia, Franklin FTSE, IShares AsiaPacific, and Matthews Asia. AsiaInfoLinkage, Inc. offer telecommunications software solutions, and information technology solutions and services to telecommunications carriers and operators, and cable television operators in China and internationally. More
Matthews International 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 International's etf 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 International Funds upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.38 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 8.11 | |||
| Value At Risk | (2.28) | |||
| Potential Upside | 3.1 |
Matthews International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Matthews International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Matthews International's standard deviation. In reality, there are many statistical measures that can use Matthews International historical prices to predict the future Matthews International's volatility.| Risk Adjusted Performance | 0.036 | |||
| Jensen Alpha | 0.0027 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.1354 |
Matthews International Backtested Returns
At this point, Matthews International is very steady. Matthews International has Sharpe Ratio of 0.0635, which conveys that the entity had a 0.0635% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Matthews International, which you can use to evaluate the volatility of the etf. Please verify Matthews International's Downside Deviation of 1.38, risk adjusted performance of 0.036, and Mean Deviation of 0.967 to check out if the risk estimate we provide is consistent with the expected return of 0.0878%. The etf secures a Beta (Market Risk) of 0.35, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Matthews International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Matthews International is expected to be smaller as well.
Auto-correlation | 0.84 |
Very good predictability
Matthews International Funds has very good predictability. Overlapping area represents the amount of predictability between Matthews International time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 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 International price movement. The serial correlation of 0.84 indicates that around 84.0% of current Matthews International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Matthews International lagged returns against current returns
Autocorrelation, which is Matthews International etf'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 International's etf expected returns. We can calculate the autocorrelation of Matthews International returns to help us make a trade decision. For example, suppose you find that Matthews International has exhibited high autocorrelation historically, and you observe that the etf 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 International 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 International etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Matthews International etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Matthews International etf over time.
Current vs Lagged Prices |
| Timeline |
Matthews International Lagged Returns
When evaluating Matthews International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Matthews International etf have on its future price. Matthews International 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 International autocorrelation shows the relationship between Matthews International etf current value and its past values and can show if there is a momentum factor associated with investing in Matthews International Funds.
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.When determining whether Matthews International is a strong investment it is important to analyze Matthews International's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Matthews International's future performance. For an informed investment choice regarding Matthews Etf, refer to the following important reports:Check out Matthews International Correlation, Matthews International Volatility and Matthews International Alpha and Beta module to complement your research on Matthews International. For information on how to trade Matthews Etf refer to our How to Trade Matthews Etf guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Matthews International technical etf 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, etf market cycles, or different charting patterns.