Meridian Contrarian Correlations

Mutual Funds . USA . 
Fund . Meridian Trarian Fund
MFCIX Fund  USD 41.96  0.12  0.29%   
The current 90-days correlation between Meridian Contrarian and Mfs Mid Cap is -0.12 (i.e., Good diversification). The correlation of Meridian Contrarian 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 Contrarian Correlation With Market

Very poor diversification

The correlation between Meridian Trarian Fund and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Meridian Trarian 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 Trarian 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 gross domestic product.

Moving together with Meridian Mutual Fund

  0.97MRAEX Meridian Equity IncomePairCorr
  0.9MRAGX Meridian GrowthPairCorr
  0.96MRCEX Meridian Equity IncomePairCorr
  0.91MRCGX Meridian GrowthPairCorr
  0.98MRIEX Meridian Equity IncomePairCorr
  0.91MRIGX Meridian GrowthPairCorr
  0.92MSGAX Meridian Small CapPairCorr
  0.92MSGCX Meridian Small CapPairCorr
  0.93MSGGX Meridian Small CapPairCorr
  0.93MSGRX Meridian Small CapPairCorr
  0.99MVALX Meridian ContrarianPairCorr
  0.98MEIFX Meridian Equity IncomePairCorr
  0.92MERDX Meridian GrowthPairCorr
  1.0MFCAX Meridian ContrarianPairCorr
  0.99MFCCX Meridian ContrarianPairCorr
  0.93MISGX Meridian Small CapPairCorr
  0.97VSMAX Vanguard Small CapPairCorr
  0.97VSCIX Vanguard Small CapPairCorr
  0.97VSCPX Vanguard Small CapPairCorr
  0.97NAESX Vanguard Small CapPairCorr
  0.99FSSNX Fidelity Small CapPairCorr
  0.97DFSTX Us Small CapPairCorr
  0.97PASVX T Rowe PricePairCorr
  0.95PRVIX T Rowe PricePairCorr
  0.97TRZVX T Rowe PricePairCorr
  0.97PRSVX T Rowe PricePairCorr
  0.74NHS Neuberger Berman HighPairCorr
  0.9KNGLX Cboe Vest SpPairCorr
  0.99VFIAX Vanguard 500 IndexPairCorr
  0.99VWWOX VwwoxPairCorr
  0.98FSDIX Fidelity StrategicPairCorr
  0.98ISGAX Voya Solution BalancedPairCorr
  0.97SMGAX Saat Servative StrategyPairCorr
  0.99MAANX Mutual Of AmericaPairCorr
  0.99GEMZX Emerging Markets EquityPairCorr
  0.98MITTX Massachusetts InvestorsPairCorr
  0.98DIMIX Dreyfus Short IntermPairCorr
  0.68IFBFX Intermediate BondPairCorr
  0.78PINFX Invesco Multi AssetPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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