Meridian Growth Correlations

Mutual Funds . USA . 
Fund . Meridian Growth Fund
MRCGX Fund  USD 30.38  0.52  1.68%   
The current 90-days correlation between Meridian Growth and Meridian Trarian Fund is 0.96 (i.e., Almost no 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 good diversification

The correlation between Meridian Growth Fund and DJI is -0.38 (i.e., Very 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

  0.98MRAEX Meridian Equity IncomePairCorr
  0.93MRAGX Meridian GrowthPairCorr
  0.98MRCEX Meridian Equity IncomePairCorr
  0.92MRIEX Meridian Equity IncomePairCorr
  1.0MRIGX Meridian GrowthPairCorr
  0.99MSGAX Meridian Small CapPairCorr
  0.99MSGCX Meridian Small CapPairCorr
  0.99MSGGX Meridian Small CapPairCorr
  0.93MSGRX Meridian Small CapPairCorr
  0.94MVALX Meridian ContrarianPairCorr
  0.98MEIFX Meridian Equity IncomePairCorr
  0.93MERDX Meridian GrowthPairCorr
  0.94MFCAX Meridian ContrarianPairCorr
  0.94MFCCX Meridian ContrarianPairCorr
  0.91MFCIX Meridian ContrarianPairCorr
  0.93MISGX Meridian Small CapPairCorr
  0.98VSGAX Vanguard Small CapPairCorr
  0.94VSGIX Vanguard Small CapPairCorr
  0.98VISGX Vanguard Small CapPairCorr
  0.93VEXPX Vanguard ExplorerPairCorr
  0.98VEXRX Vanguard ExplorerPairCorr
  0.97JGMIX Janus TritonPairCorr
  0.93JGMRX Janus TritonPairCorr
  0.97JGMAX Janus TritonPairCorr
  0.93JGMCX Janus TritonPairCorr
  0.97JGMNX Janus TritonPairCorr
  0.97VTSAX Vanguard Total StockPairCorr
  0.96VFIAX Vanguard 500 IndexPairCorr
  0.97VTSMX Vanguard Total StockPairCorr
  0.97VSMPX Vanguard Total StockPairCorr
  0.97VSTSX Vanguard Total StockPairCorr
  0.97VITSX Vanguard Total StockPairCorr
  0.96VFINX Vanguard 500 IndexPairCorr
  0.96VFFSX Vanguard 500 IndexPairCorr
  0.94VGTSX Vanguard Total InterPairCorr
  0.94VTIAX Vanguard Total InterPairCorr
  0.97MIFIX Miller Intermediate BondPairCorr
  0.88TEIMX 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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