Meridian Small Correlations

Mutual Funds . USA . 
Fund . Meridian Small Cap
MSGAX Fund  USD 11.60  0.09  0.77%   
The current 90-days correlation between Meridian Small Cap and Invesco Porate Bond is 0.28 (i.e., Modest 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

Very poor diversification

The correlation between Meridian Small Cap and DJI is 0.8 (i.e., Very poor 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 nation.

Moving together with Meridian Mutual Fund

  0.95MRAEX Meridian Equity IncomePairCorr
  0.98MRAGX Meridian GrowthPairCorr
  0.95MRCEX Meridian Equity IncomePairCorr
  0.98MRCGX Meridian GrowthPairCorr
  0.95MRIEX Meridian Equity IncomePairCorr
  0.98MRIGX Meridian GrowthPairCorr
  1.0MSGCX Meridian Small CapPairCorr
  1.0MSGGX Meridian Small CapPairCorr
  1.0MSGRX Meridian Small CapPairCorr
  0.92MVALX Meridian ContrarianPairCorr
  0.98MERDX Meridian GrowthPairCorr
  0.92MFCAX Meridian ContrarianPairCorr
  0.93MFCCX Meridian ContrarianPairCorr
  0.92MFCIX Meridian ContrarianPairCorr
  1.0MISGX Meridian Small CapPairCorr
  0.96VSGAX Vanguard Small CapPairCorr
  0.96VSGIX Vanguard Small CapPairCorr
  0.96VISGX Vanguard Small CapPairCorr
  0.97VEXPX Vanguard ExplorerPairCorr
  0.97VEXRX Vanguard ExplorerPairCorr
  0.95JGMIX Janus TritonPairCorr
  0.95JGMRX Janus TritonPairCorr
  0.95JGMAX Janus TritonPairCorr
  0.95JGMCX Janus TritonPairCorr
  0.95JGMNX Janus TritonPairCorr
  0.94VTSAX Vanguard Total StockPairCorr
  0.94VFIAX Vanguard 500 IndexPairCorr
  0.94VTSMX Vanguard Total StockPairCorr
  0.94VSMPX Vanguard Total StockPairCorr
  0.94VSTSX Vanguard Total StockPairCorr
  0.94VITSX Vanguard Total StockPairCorr
  0.94VFINX Vanguard 500 IndexPairCorr
  0.94VFFSX Vanguard 500 IndexPairCorr
  0.94VGTSX Vanguard Total InterPairCorr
  0.94VTIAX Vanguard Total InterPairCorr
  0.95MIFIX Miller Intermediate BondPairCorr
  0.87TEIMX T Rowe PricePairCorr
  0.87QTSSX 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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