Meridian Equity Correlations

Mutual Funds . USA . 
Fund . Meridian Equity Income
MEIFX Fund  USD 13.26  0.02  0.15%   
The current 90-days correlation between Meridian Equity Income and Saat Moderate Strategy is 0.45 (i.e., Very weak 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 poor diversification

The correlation between Meridian Equity Income and DJI is 0.88 (i.e., Very poor 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 various price indices.

Moving together with Meridian Mutual Fund

  0.97MRAEX Meridian Equity IncomePairCorr
  0.99MRAGX Meridian GrowthPairCorr
  1.0MRCEX Meridian Equity IncomePairCorr
  0.99MRCGX Meridian GrowthPairCorr
  1.0MRIEX Meridian Equity IncomePairCorr
  0.99MRIGX Meridian GrowthPairCorr
  0.98MSGAX Meridian Small CapPairCorr
  0.72MSGGX Meridian Small CapPairCorr
  0.98MVALX Meridian ContrarianPairCorr
  0.99MERDX Meridian GrowthPairCorr
  0.98MFCAX Meridian ContrarianPairCorr
  0.99MFCCX Meridian ContrarianPairCorr
  0.98MFCIX Meridian ContrarianPairCorr
  0.98MISGX Meridian Small CapPairCorr
  0.85JHQCX Jpmorgan Hedged EquityPairCorr
  0.86JHEQX Jpmorgan Hedged EquityPairCorr
  0.86JHQAX Jpmorgan Hedged EquityPairCorr
  0.83GTENX Gateway Fund ClassPairCorr
  0.8GTECX Gateway Fund ClassPairCorr
  0.83GTEYX Gateway Fund ClassPairCorr
  0.82GATEX Gateway Fund ClassPairCorr
  0.8JHDCX Jpmorgan Hedged EquityPairCorr
  0.82JHDRX Jpmorgan Hedged EquityPairCorr
  0.82JHDAX Jpmorgan Hedged EquityPairCorr
  0.81VTSAX Vanguard Total StockPairCorr
  0.78VFIAX Vanguard 500 IndexPairCorr
  0.8VTSMX Vanguard Total StockPairCorr
  0.81VSMPX Vanguard Total StockPairCorr
  0.81VITSX Vanguard Total StockPairCorr
  0.81VSTSX Vanguard Total StockPairCorr
  0.9VTIAX Vanguard Total InterPairCorr
  0.79VFINX Vanguard 500 IndexPairCorr
  0.79VFFSX Vanguard 500 IndexPairCorr
  0.91JLDEX Retirement Living ThroughPairCorr
  0.92VESGX Vanguard Global EsgPairCorr
  0.74FISAX Franklin AdjustablePairCorr
  0.84GCSLX Pioneer Global EquityPairCorr
  0.79RBOFX Intermediate BondPairCorr

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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