Meridian Growth Correlations

MERDX Fund

USD 37.62 0.66 1.79%

The current 90-days correlation between Meridian Growth and Smallcap Fund Fka is 0.9 (i.e., Almost no diversification). The correlation of Meridian Growth 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 Growth Correlation With Market

Weak diversification

The correlation between Meridian Growth Fund and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Meridian Growth Fund 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 Growth Fund. 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 unemployment.

Moving together with Meridian Mutual Fund

1.0	MRAGX	Meridian Growth	Pair Corr
1.0	MRCGX	Meridian Growth	Pair Corr
1.0	MRIGX	Meridian Growth	Pair Corr
1.0	MRRGX	Meridian Growth	Pair Corr
0.97	MSGAX	Meridian Small Cap	Pair Corr
0.97	MSGCX	Meridian Small Cap	Pair Corr
0.97	MSGGX	Meridian Small Cap	Pair Corr
0.97	MSGRX	Meridian Small Cap	Pair Corr
0.91	MVALX	Meridian Contrarian	Pair Corr
0.9	MFCAX	Meridian Contrarian	Pair Corr
0.89	MFCCX	Meridian Contrarian	Pair Corr
0.91	MFCIX	Meridian Contrarian	Pair Corr
0.97	MISGX	Meridian Small Cap	Pair Corr
0.91	VSGAX	Vanguard Small Cap	Pair Corr
0.91	VSGIX	Vanguard Small Cap	Pair Corr
0.9	VISGX	Vanguard Small Cap	Pair Corr
0.82	VEXPX	Vanguard Explorer	Pair Corr
0.82	VEXRX	Vanguard Explorer	Pair Corr

Moving against Meridian Mutual Fund

0.62	HIMUX	Pioneer Map High	Pair Corr
0.45	GAAKX	Gmo Alternative Allo	Pair Corr
0.45	GAAGX	Gmo Alternative Allo	Pair Corr

Related Correlations Analysis

	PSBMX	RTOUX	GLVIX	NESGX	HSCVX	QUAIX	RRSVX
PSBMX		0.98	0.38	0.49	0.97	0.92	0.96	PSBMX
RTOUX	0.98		0.35	0.47	0.99	0.93	0.96	RTOUX
GLVIX	0.38	0.35		0.83	0.28	0.58	0.45	GLVIX
NESGX	0.49	0.47	0.83		0.38	0.71	0.61	NESGX
HSCVX	0.97	0.99	0.28	0.38		0.9	0.95	HSCVX
QUAIX	0.92	0.93	0.58	0.71	0.9		0.96	QUAIX
RRSVX	0.96	0.96	0.45	0.61	0.95	0.96		RRSVX
	PSBMX	RTOUX	GLVIX	NESGX	HSCVX	QUAIX	RRSVX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Meridian Mutual Fund performing well and Meridian Growth 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 Growth'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
PSBMX	0.86	(0.01)	(0.01)	0.00	1.22	(0.85)	1.48	(1.54)	9.63
RTOUX	0.79	(0.02)	0.00	(0.02)	0.00	0.00	1.56	(1.46)	8.93
GLVIX	0.75	0.01	0.00	0.08	1.02	(0.80)	1.35	(1.73)	5.26
NESGX	1.22	0.07	0.05	0.14	1.36	(1.35)	2.41	(2.29)	7.89
HSCVX	0.72	(0.01)	(0.02)	0.00	0.88	(0.93)	1.47	(1.50)	8.08
QUAIX	1.00	0.03	0.01	0.06	1.35	(1.02)	1.92	(2.07)	9.07
RRSVX	0.84	0.02	0.01	0.06	1.00	(1.03)	1.69	(1.66)	10.30

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