Meridian Growth Correlations

Mutual Funds . USA . 
Fund . Meridian Growth Fund
MERDX Fund  USD 34.59  0.26  0.75%   
The current 90-days correlation between Meridian Growth and Gmo Quality Fund is 0.84 (i.e., Very poor diversification). The correlation of Meridian Growth 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.

Meridian Growth Correlation With Market

Very poor diversification

The correlation between Meridian Growth Fund and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Meridian Growth Fund 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 Meridian Growth Fund. 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 unemployment.

Moving together with Meridian Mutual Fund

  0.96MRAEX Meridian Equity IncomePairCorr
  1.0MRAGX Meridian GrowthPairCorr
  0.96MRCEX Meridian Equity IncomePairCorr
  1.0MRCGX Meridian GrowthPairCorr
  0.96MRIEX Meridian Equity IncomePairCorr
  1.0MRIGX Meridian GrowthPairCorr
  0.98MSGAX Meridian Small CapPairCorr
  0.98MSGCX Meridian Small CapPairCorr
  0.98MSGGX Meridian Small CapPairCorr
  0.98MSGRX Meridian Small CapPairCorr
  0.92MVALX Meridian ContrarianPairCorr
  0.96MEIFX Meridian Equity IncomePairCorr
  0.92MFCAX Meridian ContrarianPairCorr
  0.92MFCCX Meridian ContrarianPairCorr
  0.92MFCIX Meridian ContrarianPairCorr
  0.98MISGX Meridian Small CapPairCorr
  0.97VSGAX Vanguard Small CapPairCorr
  0.97VSGIX Vanguard Small CapPairCorr
  0.97VISGX Vanguard Small CapPairCorr
  0.97VEXPX Vanguard ExplorerPairCorr
  0.97VEXRX Vanguard ExplorerPairCorr
  0.95JGMIX Janus TritonPairCorr
  0.95JGMRX Janus TritonPairCorr
  0.95JGMAX Janus TritonPairCorr
  0.95JGMCX Janus TritonPairCorr
  0.95JGMNX Janus TritonPairCorr
  0.94VTSAX Vanguard Total StockPairCorr
  0.94VFIAX Vanguard 500 IndexPairCorr
  0.94VTSMX Vanguard Total StockPairCorr
  0.94VSMPX Vanguard Total StockPairCorr
  0.94VSTSX Vanguard Total StockPairCorr
  0.94VITSX Vanguard Total StockPairCorr
  0.94VFINX Vanguard 500 IndexPairCorr
  0.94VFFSX Vanguard 500 IndexPairCorr
  0.92VGTSX Vanguard Total InterPairCorr
  0.92VTIAX Vanguard Total InterPairCorr
  0.96MIFIX Miller Intermediate BondPairCorr
  0.84TEIMX T Rowe PricePairCorr
  0.88QTSSX Quantified TacticalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Meridian Mutual Fund performing well and Meridian Growth 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 Meridian Growth'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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