I do not know about such functionality in Matlab.
What you can do is
cur = Root.ChildLevel1; cur.A = cur.B + cur.C;
Edit:
According to @Nick's comment, if Root.ChildLevel1 is not a subclass of handle , then add the following line:
Root.ChildLevel1 = cur;
I would also recommend
clear cur;
in the end.
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