Meridian Small Correlations

Mutual Funds . USA . 
Fund . Meridian Small Cap
MISGX Fund  USD 12.19  0.10  0.81%   
The current 90-days correlation between Meridian Small Cap and Meridian Growth Fund is -0.08 (i.e., Good diversification). The correlation of Meridian Small 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 Small Correlation With Market

Good diversification

The correlation between Meridian Small Cap and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Meridian Small Cap 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 Small Cap. 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 price.

Moving together with Meridian Mutual Fund

  0.95MRAEX Meridian Equity IncomePairCorr
  0.98MRAGX Meridian Growth Potential GrowthPairCorr
  0.96MRCEX Meridian Equity IncomePairCorr
  0.94MRCGX Meridian Growth Potential GrowthPairCorr
  0.95MRIEX Meridian Equity IncomePairCorr
  0.94MRIGX Meridian Growth Potential GrowthPairCorr
  1.0MSGAX Meridian Small CapPairCorr
  1.0MSGCX Meridian Small CapPairCorr
  1.0MSGGX Meridian Small CapPairCorr
  0.96MSGRX Meridian Small CapPairCorr
  0.93MVALX Meridian ContrarianPairCorr
  0.95MEIFX Meridian Equity IncomePairCorr
  0.94MERDX Meridian Growth Potential GrowthPairCorr
  0.93MFCAX Meridian ContrarianPairCorr
  0.93MFCCX Meridian ContrarianPairCorr
  0.93MFCIX Meridian ContrarianPairCorr
  0.96VSGAX Vanguard Small CapPairCorr
  0.94VSGIX Vanguard Small CapPairCorr
  0.94VISGX Vanguard Small CapPairCorr
  0.95VEXPX Vanguard ExplorerPairCorr
  0.95VEXRX Vanguard ExplorerPairCorr
  0.93JGMIX Janus TritonPairCorr
  0.93JGMRX Janus TritonPairCorr
  0.95JGMAX Janus TritonPairCorr
  0.93JGMCX Janus TritonPairCorr
  0.95JGMNX Janus TritonPairCorr
  0.94VTSAX Vanguard Total StockPairCorr
  0.93VFIAX Vanguard 500 IndexPairCorr
  0.94VTSMX Vanguard Total StockPairCorr
  0.94VSMPX Vanguard Total StockPairCorr
  0.94VSTSX Vanguard Total StockPairCorr
  0.93VITSX Vanguard Total StockPairCorr
  0.93VFINX Vanguard 500 IndexPairCorr
  0.94VFFSX Vanguard 500 IndexPairCorr
  0.95VGTSX Vanguard Total InterPairCorr
  0.95VTIAX Vanguard Total InterPairCorr
  0.93MIFIX Miller Intermediate BondPairCorr
  0.87TEIMX T Rowe PricePairCorr
  0.86QTSSX 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 Small 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 Small'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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