Meridian Small Correlations

Mutual Funds . USA . 
Fund . Meridian Small Cap
MSGCX Fund  USD 10.48  0.09  0.85%   
The current 90-days correlation between Meridian Small Cap and Meridian Growth Fund is 0.94 (i.e., Almost no 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 main economic indicators.

Moving together with Meridian Mutual Fund

  0.94MRAEX Meridian Equity IncomePairCorr
  0.94MRAGX Meridian GrowthPairCorr
  0.94MRCEX Meridian Equity IncomePairCorr
  0.98MRCGX Meridian GrowthPairCorr
  0.95MRIEX Meridian Equity IncomePairCorr
  0.98MRIGX Meridian GrowthPairCorr
  0.96MSGAX Meridian Small CapPairCorr
  1.0MSGGX Meridian Small CapPairCorr
  1.0MSGRX Meridian Small CapPairCorr
  0.91MVALX Meridian ContrarianPairCorr
  0.95MEIFX Meridian Equity IncomePairCorr
  0.98MERDX Meridian GrowthPairCorr
  0.92MFCAX Meridian ContrarianPairCorr
  0.91MFCCX Meridian ContrarianPairCorr
  0.92MFCIX Meridian ContrarianPairCorr
  1.0MISGX Meridian Small CapPairCorr
  0.93VSGAX Vanguard Small CapPairCorr
  0.96VSGIX Vanguard Small CapPairCorr
  0.96VISGX Vanguard Small CapPairCorr
  0.97VEXPX Vanguard ExplorerPairCorr
  0.97VEXRX Vanguard ExplorerPairCorr
  0.94JGMIX Janus TritonPairCorr
  0.94JGMRX Janus TritonPairCorr
  0.92JGMAX Janus TritonPairCorr
  0.95JGMCX Janus TritonPairCorr
  0.92JGMNX Janus TritonPairCorr
  0.92VTSAX Vanguard Total StockPairCorr
  0.94VFIAX Vanguard 500 IndexPairCorr
  0.92VTSMX Vanguard Total StockPairCorr
  0.92VSMPX Vanguard Total StockPairCorr
  0.92VSTSX Vanguard Total StockPairCorr
  0.94VITSX Vanguard Total StockPairCorr
  0.94VFINX Vanguard 500 IndexPairCorr
  0.91VFFSX Vanguard 500 IndexPairCorr
  0.93VGTSX Vanguard Total InterPairCorr
  0.93VTIAX Vanguard Total InterPairCorr
  0.95MIFIX Miller Intermediate BondPairCorr
  0.87TEIMX T Rowe PricePairCorr
  0.86QTSSX Quantified TacticalPairCorr

Related Correlations Analysis

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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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