Meridian Equity Correlations

The current 90-days correlation between Meridian Equity Income and Us Government Securities is -0.16 (i.e., Good 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. 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

0.7	MRAEX	Meridian Equity Income	Pair Corr
0.64	MRAGX	Meridian Growth	Pair Corr
0.72	MRCEX	Meridian Equity Income	Pair Corr
0.68	MRCGX	Meridian Growth	Pair Corr
0.73	MRIEX	Meridian Equity Income	Pair Corr
0.65	MRIGX	Meridian Growth	Pair Corr
0.65	MRRGX	Meridian Growth	Pair Corr
0.62	MSGAX	Meridian Small Cap	Pair Corr
0.65	MSGCX	Meridian Small Cap	Pair Corr
0.61	MSGRX	Meridian Small Cap	Pair Corr
0.74	MVALX	Meridian Contrarian	Pair Corr
0.65	MERDX	Meridian Growth	Pair Corr
0.72	MFCAX	Meridian Contrarian	Pair Corr
0.73	MFCCX	Meridian Contrarian	Pair Corr
0.74	MFCIX	Meridian Contrarian	Pair Corr
0.62	MISGX	Meridian Small Cap	Pair Corr
0.7	SMPIX	Semiconductor Ultrasector Steady Growth	Pair Corr
0.75	SMPSX	Semiconductor Ultrasector Steady Growth	Pair Corr
0.61	FGPMX	Franklin Gold And Steady Growth	Pair Corr
0.62	FKRCX	Franklin Gold Precious Steady Growth	Pair Corr

Related Correlations Analysis

	DACGX	USGCX	RYAQX	RGVJX	RGVBX
DACGX		0.83	-0.15	0.89	0.86	DACGX
USGCX	0.83		-0.56	0.82	0.83	USGCX
RYAQX	-0.15	-0.56		-0.12	-0.2	RYAQX
RGVJX	0.89	0.82	-0.12		0.98	RGVJX
RGVBX	0.86	0.83	-0.2	0.98		RGVBX
	DACGX	USGCX	RYAQX	RGVJX	RGVBX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

RGVBX	+ 0.98	RGVJX
RGVJX	+ 0.89	DACGX
RGVBX	+ 0.86	DACGX
USGCX	+ 0.83	DACGX
RGVBX	+ 0.83	USGCX
RGVJX	+ 0.82	USGCX

High negative correlations

RYAQX	- 0.56	USGCX
RGVBX	- 0.2	RYAQX
RYAQX	- 0.15	DACGX
RGVJX	- 0.12	RYAQX

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
DACGX	0.13	0.01	(0.22)	0.39	0.00	(0.17)	0.24	(0.32)	0.56
USGCX	0.28	0.02	(0.08)	0.24	0.25	(0.34)	0.56	(0.57)	1.28
RYAQX	0.39	0.00	0.00	0.08	0.00	0.00	0.64	(0.76)	2.62
RGVJX	0.12	0.02	(0.28)	(1.12)	0.00	(0.17)	0.33	(0.25)	0.58
RGVBX	0.13	0.01	(0.31)	2.74	0.00	(0.16)	0.25	(0.25)	0.66

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