Meridian Contrarian Correlations

Mutual Funds . USA . 
Fund . Meridian Trarian Fund
MVALX Fund  USD 42.40  0.12  0.28%   
The current 90-days correlation between Meridian Contrarian and Meridian Growth Fund is -0.04 (i.e., Good diversification). The correlation of Meridian Contrarian 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 Contrarian Correlation With Market

Good diversification

The correlation between Meridian Trarian Fund and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Meridian Trarian 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 Trarian 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 bureau of economic analysis.

Moving together with Meridian Mutual Fund

  0.98MRAEX Meridian Equity IncomePairCorr
  0.92MRAGX Meridian GrowthPairCorr
  0.97MRCEX Meridian Equity IncomePairCorr
  0.89MRCGX Meridian GrowthPairCorr
  0.96MRIEX Meridian Equity IncomePairCorr
  0.9MRIGX Meridian GrowthPairCorr
  0.94MSGAX Meridian Small CapPairCorr
  0.91MSGCX Meridian Small CapPairCorr
  0.91MSGGX Meridian Small CapPairCorr
  0.91MSGRX Meridian Small CapPairCorr
  0.96MEIFX Meridian Equity IncomePairCorr
  0.9MERDX Meridian GrowthPairCorr
  0.99MFCAX Meridian ContrarianPairCorr
  1.0MFCCX Meridian ContrarianPairCorr
  0.99MFCIX Meridian ContrarianPairCorr
  0.91MISGX Meridian Small CapPairCorr
  0.96VSMAX Vanguard Small CapPairCorr
  0.96VSCIX Vanguard Small CapPairCorr
  0.96VSCPX Vanguard Small CapPairCorr
  0.96NAESX Vanguard Small CapPairCorr
  0.97FSSNX Fidelity Small CapPairCorr
  0.95DFSTX Us Small CapPairCorr
  0.95PASVX T Rowe PricePairCorr
  0.97PRVIX T Rowe PricePairCorr
  0.95TRZVX T Rowe PricePairCorr
  0.95PRSVX T Rowe PricePairCorr
  0.74NHS Neuberger Berman HighPairCorr
  0.88KNGLX Cboe Vest SpPairCorr
  0.98VFIAX Vanguard 500 IndexPairCorr
  0.98VWWOX VwwoxPairCorr
  0.97FSDIX Fidelity StrategicPairCorr
  0.99ISGAX Voya Solution BalancedPairCorr
  0.96SMGAX Saat Servative StrategyPairCorr
  0.98MAANX Mutual Of AmericaPairCorr
  0.98GEMZX Emerging Markets EquityPairCorr
  0.99MITTX Massachusetts InvestorsPairCorr
  0.98DIMIX Dreyfus Short IntermPairCorr
  0.68IFBFX Intermediate BondPairCorr
  0.77PINFX Invesco Multi AssetPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Meridian Mutual Fund performing well and Meridian Contrarian 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 Contrarian'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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