Meridian Equity Correlations

MEIFX Fund

USD 13.22 0.05 0.38%

The current 90-days correlation between Meridian Equity Income and Stringer Growth Fund is 0.11 (i.e., Average diversification). The correlation of Meridian Equity 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 Equity Correlation With Market

Average diversification

The correlation between Meridian Equity Income and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Meridian Equity Income 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 Equity Income. 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 census.

Moving together with Meridian Mutual Fund

1.0	MRAEX	Meridian Equity Income	Pair Corr
1.0	MRCEX	Meridian Equity Income	Pair Corr
1.0	MRIEX	Meridian Equity Income	Pair Corr
0.66	MVALX	Meridian Trarian	Pair Corr
0.68	MFCAX	Meridian Contrarian	Pair Corr
0.71	MFCCX	Meridian Trarian	Pair Corr
0.67	MFCIX	Meridian Trarian	Pair Corr
0.69	GPBFX	Gmo E Plus	Pair Corr
0.7	BUYXX	Buyxx	Pair Corr

Moving against Meridian Mutual Fund

0.84	JSORX	Jpmorgan Strategic Income	Pair Corr
0.69	PQTIX	Aa Pimco Tr	Pair Corr
0.69	PAIAX	Pimco Short Asset	Pair Corr
0.68	PQTAX	Pimco Trends Managed	Pair Corr
0.68	PQTNX	Pimco Trends Managed	Pair Corr
0.61	URUSX	Ultra Short Term	Pair Corr
0.58	GPMFX	Guidepath Managed Futures	Pair Corr
0.32	JMCGX	Jacob Micro Cap	Pair Corr

Related Correlations Analysis

	SRGAX	ARTSX	AGTFX	TAAEX	PRNHX	UPDDX
SRGAX		0.83	0.98	0.02	0.77	0.02	SRGAX
ARTSX	0.83		0.84	0.2	0.89	0.16	ARTSX
AGTFX	0.98	0.84		0.06	0.83	0.01	AGTFX
TAAEX	0.02	0.2	0.06		0.48	0.74	TAAEX
PRNHX	0.77	0.89	0.83	0.48		0.26	PRNHX
UPDDX	0.02	0.16	0.01	0.74	0.26		UPDDX
	SRGAX	ARTSX	AGTFX	TAAEX	PRNHX	UPDDX

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Risk-Adjusted Indicators

There is a big difference between Meridian Mutual Fund performing well and Meridian Equity 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 Equity'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
SRGAX	0.44	(0.04)	0.00	(0.12)	0.00	0.00	0.81	(1.03)	4.19
ARTSX	1.05	(0.01)	(0.01)	(0.01)	1.72	(0.94)	2.14	(2.17)	8.55
AGTFX	0.52	(0.04)	0.00	(0.09)	0.00	0.00	0.98	(0.99)	4.38
TAAEX	1.37	0.37	0.21	1.40	1.29	(1.60)	3.16	(1.92)	12.35
PRNHX	0.85	0.01	0.00	0.03	1.20	(0.85)	1.69	(1.60)	7.56
UPDDX	1.29	0.11	0.06	0.73	1.45	(1.41)	2.81	(2.59)	8.50

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