Meridian Small Correlations

MSGGX Fund  USD 12.59  0.10  0.79%   
The current 90-days correlation between Meridian Small Cap and Meridian Small Cap is -0.11 (i.e., Good 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 0.83 (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 price.

Moving together with Meridian Mutual Fund

  0.89MRAEX Meridian Equity IncomePairCorr
  0.89MRAGX Meridian GrowthPairCorr
  0.9MRCEX Meridian Equity IncomePairCorr
  0.93MRCGX Meridian GrowthPairCorr
  0.91MRIEX Meridian Equity IncomePairCorr
  0.97MRIGX Meridian GrowthPairCorr
  0.93MRRGX Meridian GrowthPairCorr
  0.95MSGAX Meridian Small CapPairCorr
  1.0MSGCX Meridian Small CapPairCorr
  1.0MSGRX Meridian Small CapPairCorr
  0.87MVALX Meridian TrarianPairCorr
  0.9MEIFX Meridian Equity IncomePairCorr
  0.97MERDX Meridian GrowthPairCorr
  0.87MFCAX Meridian ContrarianPairCorr
  0.87MFCCX Meridian ContrarianPairCorr
  0.89MFCIX Meridian ContrarianPairCorr
  0.95MISGX Meridian Small CapPairCorr
  0.9VSGAX Vanguard Small CapPairCorr
  0.93VSGIX Vanguard Small CapPairCorr
  0.93VISGX Vanguard Small CapPairCorr
  0.95VEXPX Vanguard ExplorerPairCorr
  0.95VEXRX Vanguard ExplorerPairCorr
  0.91JGMIX Janus TritonPairCorr
  0.91JGMRX Janus TritonPairCorr
  0.88JGMAX Janus TritonPairCorr
  0.91JGMCX Janus TritonPairCorr
  0.88JGMNX Janus TritonPairCorr
  0.65MGGYX Mirova Global GreenPairCorr
  0.81HLDIX Hartford EmergingPairCorr
  0.8HLDRX Hartford EmergingPairCorr
  0.8HLDAX Hartford EmergingPairCorr
  0.81HLDCX Hartford EmergingPairCorr
  0.8HLDTX Hartford EmergingPairCorr
  0.85WAHSX Western Asset HighPairCorr
  0.81PAUNX Pimco All AssetPairCorr

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.