Meridian Small Correlations

Mutual Funds . USA . 
Fund . Meridian Small Cap
MSGAX Fund  USD 11.86  0.02  0.17%   
The current 90-days correlation between Meridian Small Cap and Invesco Porate Bond is 0.24 (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

Good diversification

The correlation between Meridian Small Cap and DJI is -0.12 (i.e., Good 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

  0.87MRAEX Meridian Equity IncomePairCorr
  0.97MRAGX Meridian GrowthPairCorr
  0.92MRCEX Meridian Equity IncomePairCorr
  0.91MRCGX Meridian GrowthPairCorr
  0.91MRIEX Meridian Equity IncomePairCorr
  0.92MRIGX Meridian GrowthPairCorr
  0.92MRRGX Meridian GrowthPairCorr
  0.95MSGCX Meridian Small CapPairCorr
  0.95MSGGX Meridian Small CapPairCorr
  0.95MSGRX Meridian Small CapPairCorr
  0.88MVALX Meridian ContrarianPairCorr
  0.87MEIFX Meridian Equity IncomePairCorr
  0.92MERDX Meridian GrowthPairCorr
  0.86MFCAX Meridian TrarianPairCorr
  0.87MFCCX Meridian TrarianPairCorr
  0.88MFCIX Meridian TrarianPairCorr
  0.95MISGX Meridian Small CapPairCorr
  0.93VSGAX Vanguard Small CapPairCorr
  0.9VSGIX Vanguard Small CapPairCorr
  0.9VISGX Vanguard Small CapPairCorr
  0.91VEXPX Vanguard ExplorerPairCorr
  0.91VEXRX Vanguard ExplorerPairCorr
  0.87JGMIX Janus TritonPairCorr
  0.87JGMRX Janus TritonPairCorr
  0.91JGMAX Janus TritonPairCorr
  0.87JGMCX Janus TritonPairCorr
  0.91JGMNX Janus TritonPairCorr
  0.84SMPSX Semiconductor UltrasectorPairCorr
  0.84SMPIX Semiconductor UltrasectorPairCorr
  0.78TREMX T Rowe PricePairCorr
  0.82ONERX One Rock FundPairCorr
  0.78TTEEX T Rowe PricePairCorr
  0.87FIKGX Fidelity Advisor SemPairCorr
  0.87FELIX Fidelity Advisor SemPairCorr
  0.87FSELX Fidelity Select SemiPairCorr
  0.88FELAX Fidelity Advisor SemPairCorr
  0.87FELTX Fidelity Advisor SemPairCorr
  0.87PCGRX Pioneer Mid CapPairCorr
  0.87BMCIX Blackrock High EquityPairCorr

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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