Meridian Growth Correlations

Mutual Funds . USA . 
Fund . Meridian Growth Fund
MRAGX Fund  USD 32.58  0.25  0.77%   
The current 90-days correlation between Meridian Growth and Meridian Growth Fund is -0.06 (i.e., Good 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

Good diversification

The correlation between Meridian Growth Fund and DJI is -0.11 (i.e., Good 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 price.

Moving together with Meridian Mutual Fund

  0.94MRAEX Meridian Equity IncomePairCorr
  0.95MRCGX Meridian GrowthPairCorr
  0.94MRIEX Meridian Equity IncomePairCorr
  0.96MRIGX Meridian GrowthPairCorr
  0.94MSGAX Meridian Small CapPairCorr
  0.94MSGCX Meridian Small CapPairCorr
  0.94MSGGX Meridian Small CapPairCorr
  0.94MSGRX Meridian Small CapPairCorr
  0.9MVALX Meridian ContrarianPairCorr
  0.94MEIFX Meridian Equity IncomePairCorr
  0.96MERDX Meridian GrowthPairCorr
  0.9MFCAX Meridian ContrarianPairCorr
  0.92MFCCX Meridian ContrarianPairCorr
  0.9MFCIX Meridian ContrarianPairCorr
  0.94MISGX Meridian Small CapPairCorr
  0.95VSGAX Vanguard Small CapPairCorr
  0.95VSGIX Vanguard Small CapPairCorr
  0.95VISGX Vanguard Small CapPairCorr
  0.95VEXPX Vanguard ExplorerPairCorr
  0.95VEXRX Vanguard ExplorerPairCorr
  0.93JGMIX Janus TritonPairCorr
  0.93JGMRX Janus TritonPairCorr
  0.93JGMAX Janus TritonPairCorr
  0.93JGMCX Janus TritonPairCorr
  0.93JGMNX Janus TritonPairCorr
  0.94VTSAX Vanguard Total StockPairCorr
  0.93VFIAX Vanguard 500 IndexPairCorr
  0.93VTSMX Vanguard Total StockPairCorr
  0.93VSMPX Vanguard Total StockPairCorr
  0.93VSTSX Vanguard Total StockPairCorr
  0.93VITSX Vanguard Total StockPairCorr
  0.93VFINX Vanguard 500 IndexPairCorr
  0.93VFFSX Vanguard 500 IndexPairCorr
  0.91VGTSX Vanguard Total InterPairCorr
  0.91VTIAX Vanguard Total InterPairCorr
  0.95MIFIX 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY