Meridian Small Correlations

MSGGX Fund

USD 12.97 0.17 1.29%

The current 90-days correlation between Meridian Small Cap and Meridian Equity Income is 0.02 (i.e., Significant 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

Poor diversification

The correlation between Meridian Small Cap and DJI is 0.76 (i.e., 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 rate.

Moving together with Meridian Mutual Fund

0.66	MRIEX	Meridian Equity Income	Pair Corr
0.83	VSGAX	Vanguard Small Cap	Pair Corr
0.83	VSGIX	Vanguard Small Cap	Pair Corr
0.62	VISGX	Vanguard Small Cap	Pair Corr
0.79	VEXPX	Vanguard Explorer	Pair Corr
0.79	VEXRX	Vanguard Explorer	Pair Corr

Moving against Meridian Mutual Fund

0.47

LFRRX

Lord Abbett Inv

Pair Corr

Related Correlations Analysis

	MRAEX	MRAGX	MRCEX	MRCGX	MRIEX	MRIGX	MRRGX	MSGAX	MSGCX	MSGGX
MRAEX		0.76	0.79	0.65	0.78	0.78	0.64	0.65	0.53	0.53	MRAEX
MRAGX	0.76		0.89	0.88	0.89	0.98	0.88	0.51	0.73	0.71	MRAGX
MRCEX	0.79	0.89		0.77	1.0	0.86	0.76	0.52	0.68	0.65	MRCEX
MRCGX	0.65	0.88	0.77		0.76	0.85	1.0	0.38	0.53	0.51	MRCGX
MRIEX	0.78	0.89	1.0	0.76		0.85	0.76	0.52	0.68	0.66	MRIEX
MRIGX	0.78	0.98	0.86	0.85	0.85		0.85	0.5	0.68	0.7	MRIGX
MRRGX	0.64	0.88	0.76	1.0	0.76	0.85		0.38	0.53	0.51	MRRGX
MSGAX	0.65	0.51	0.52	0.38	0.52	0.5	0.38		0.75	0.75	MSGAX
MSGCX	0.53	0.73	0.68	0.53	0.68	0.68	0.53	0.75		0.99	MSGCX
MSGGX	0.53	0.71	0.65	0.51	0.66	0.7	0.51	0.75	0.99		MSGGX
	MRAEX	MRAGX	MRCEX	MRCGX	MRIEX	MRIGX	MRRGX	MSGAX	MSGCX	MSGGX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MRAEX	0.50	(0.03)	0.00	(2.13)	0.00	0.00	0.99	(1.06)	2.97
MRAGX	0.82	(0.08)	0.00	(0.03)	0.00	0.00	1.74	(1.79)	5.03
MRCEX	0.51	(0.05)	0.00	(0.04)	0.00	0.00	1.05	(1.04)	2.99
MRCGX	0.83	(0.03)	0.00	0.24	0.00	0.00	1.73	(1.83)	5.06
MRIEX	0.51	(0.05)	0.00	(0.04)	0.00	0.00	1.03	(1.02)	2.94
MRIGX	0.82	(0.11)	0.00	(0.05)	0.00	0.00	1.75	(1.82)	5.06
MRRGX	0.83	(0.03)	0.00	0.23	0.00	0.00	1.77	(1.82)	5.02
MSGAX	0.88	0.00	(0.04)	0.15	1.15	(0.91)	1.85	(1.77)	5.44
MSGCX	0.92	(0.07)	(0.04)	(0.01)	1.17	(1.00)	1.87	(1.70)	5.49
MSGGX	0.90	(0.08)	0.00	(0.02)	0.00	0.00	1.85	(1.74)	5.50

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