Meridian Equity Correlations

Mutual Funds USA . 
Fund . Meridian Equity Income
MRCEX Fund  USD 12.64  0.05  0.40%   
The current 90-days correlation between Meridian Equity Income and Precious Metals Fund is 0.11 (i.e., Average diversification). The correlation of Meridian Equity 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 Equity Correlation With Market

Good diversification

The correlation between Meridian Equity Income and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Meridian Equity Income 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 Equity Income. 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 income.

Moving together with Meridian Mutual Fund

  1.0MRAEX Meridian Equity IncomePairCorr
  0.97MRAGX Meridian GrowthPairCorr
  0.94MRCGX Meridian GrowthPairCorr
  0.98MRIEX Meridian Equity IncomePairCorr
  0.94MRIGX Meridian GrowthPairCorr
  0.97MRRGX Meridian GrowthPairCorr
  0.96MSGAX Meridian Small CapPairCorr
  0.94MSGCX Meridian Small CapPairCorr
  0.94MSGGX Meridian Small CapPairCorr
  0.94MSGRX Meridian Small CapPairCorr
  0.97MVALX Meridian ContrarianPairCorr
  0.98MEIFX Meridian Equity IncomePairCorr
  0.94MERDX Meridian GrowthPairCorr
  0.96MFCAX Meridian ContrarianPairCorr
  0.97MFCCX Meridian ContrarianPairCorr
  0.96MFCIX Meridian ContrarianPairCorr
  0.94MISGX Meridian Small CapPairCorr
  0.98JHQCX Jpmorgan Hedged EquityPairCorr
  0.98JHEQX Jpmorgan Hedged EquityPairCorr
  0.98JHQAX Jpmorgan Hedged EquityPairCorr
  0.98GTENX Gateway Fund ClassPairCorr
  0.98GTECX Gateway Fund ClassPairCorr
  0.98GTEYX Gateway Fund ClassPairCorr
  0.98GATEX Gateway Fund ClassPairCorr
  0.96JHDCX Jpmorgan Hedged EquityPairCorr
  0.96JHDRX Jpmorgan Hedged EquityPairCorr
  0.95JHDAX Jpmorgan Hedged EquityPairCorr
  0.96ERH Allspring Utilities AndPairCorr
  0.96WHIYX Ivy High IncomePairCorr
  0.95IVHIX Ivy High IncomePairCorr
  0.95IHIFX Ivy High IncomePairCorr
  0.95WRHIX Ivy High IncomePairCorr
  0.95WHIAX Ivy High IncomePairCorr
  0.85CSJZX Cohen Steers RealtyPairCorr
  0.85CSRSX Cohen Steers RealtyPairCorr
  0.97MCFAX Miller Vertible BondPairCorr
  0.95AWPYX Ab International GrowthPairCorr
  0.96JSCOX Perkins Small CapPairCorr
  0.77MXSFX Great West RealPairCorr

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 Equity 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 Equity'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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