Meridian Equity Correlations

Mutual Funds . USA . 
Fund . Meridian Equity Income
MEIFX Fund  USD 13.29  0.04  0.30%   
The current 90-days correlation between Meridian Equity Income and Alphacentric Symmetry Strategy is 0.02 (i.e., Significant 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

Very weak diversification

The correlation between Meridian Equity Income and DJI is 0.47 (i.e., Very weak 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

  0.92MRAEX Meridian Equity IncomePairCorr
  0.96MRAGX Meridian GrowthPairCorr
  1.0MRCEX Meridian Equity IncomePairCorr
  0.99MRCGX Meridian GrowthPairCorr
  1.0MRIEX Meridian Equity IncomePairCorr
  0.99MRIGX Meridian GrowthPairCorr
  0.98MRRGX Meridian GrowthPairCorr
  0.93MSGAX Meridian Small CapPairCorr
  0.97MSGCX Meridian Small CapPairCorr
  0.63MSGGX Meridian Small CapPairCorr
  0.97MSGRX Meridian Small CapPairCorr
  0.98MVALX Meridian ContrarianPairCorr
  0.98MERDX Meridian GrowthPairCorr
  0.94MFCAX Meridian ContrarianPairCorr
  0.94MFCCX Meridian ContrarianPairCorr
  0.98MFCIX Meridian ContrarianPairCorr
  0.97MISGX Meridian Small CapPairCorr
  0.82JHQCX Jpmorgan Hedged EquityPairCorr
  0.82JHEQX Jpmorgan Hedged EquityPairCorr
  0.78JHQAX Jpmorgan Hedged EquityPairCorr
  0.73GTENX Gateway Fund ClassPairCorr
  0.68GTECX Gateway Fund ClassPairCorr
  0.73GTEYX Gateway Fund ClassPairCorr
  0.68GATEX Gateway Fund ClassPairCorr
  0.8JHDCX Jpmorgan Hedged EquityPairCorr
  0.77JHDRX Jpmorgan Hedged EquityPairCorr
  0.79JHDAX Jpmorgan Hedged EquityPairCorr
  0.72CII Blackrock EnhancedPairCorr
  0.76ETV Eaton Vance TaxPairCorr
  0.89CLM Cornerstone Strategic Sell-off TrendPairCorr
  0.87CRF Cornerstone Total ReturnPairCorr
  0.81USA Liberty All StarPairCorr
  0.8NFJ Virtus Dividend InterestPairCorr
  0.91BTIIX Deutsche Equity 500PairCorr
  0.93SMVTX Ridgeworth Ceredex MidPairCorr

Moving against Meridian Mutual Fund

  0.62IFN India ClosedPairCorr

Related Correlations Analysis


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.

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