Meridian Contrarian Correlations

Mutual Funds . USA . 
Fund . Meridian Trarian Fund
MFCAX Fund  USD 39.84  0.58  1.43%   
The current 90-days correlation between Meridian Contrarian and Mfs Mid Cap is 0.03 (i.e., Significant diversification). The correlation of Meridian Contrarian 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 Contrarian Correlation With Market

Good diversification

The correlation between Meridian Trarian Fund and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Meridian Trarian 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 Trarian 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 nation.

Moving together with Meridian Mutual Fund

  0.85MRAEX Meridian Equity IncomePairCorr
  0.81MRAGX Meridian GrowthPairCorr
  0.85MRCEX Meridian Equity IncomePairCorr
  0.8MRCGX Meridian GrowthPairCorr
  0.8MRIEX Meridian Equity IncomePairCorr
  0.81MRIGX Meridian GrowthPairCorr
  0.87MRRGX Meridian GrowthPairCorr
  0.9MSGAX Meridian Small CapPairCorr
  0.89MSGCX Meridian Small CapPairCorr
  0.9MSGGX Meridian Small CapPairCorr
  0.9MSGRX Meridian Small CapPairCorr
  0.93MVALX Meridian ContrarianPairCorr
  0.85MEIFX Meridian Equity IncomePairCorr
  0.81MERDX Meridian GrowthPairCorr
  0.93MFCCX Meridian ContrarianPairCorr
  0.93MFCIX Meridian ContrarianPairCorr
  0.9MISGX Meridian Small CapPairCorr
  0.91VIMAX Vanguard Mid CapPairCorr
  0.91VIMSX Vanguard Mid CapPairCorr
  0.94VMCPX Vanguard Mid CapPairCorr
  0.91VMCIX Vanguard Mid CapPairCorr
  0.97VEXAX Vanguard Extended MarketPairCorr
  0.92VEMPX Vanguard Extended MarketPairCorr
  0.97VIEIX Vanguard Extended MarketPairCorr
  0.92VSEMX Vanguard Extended MarketPairCorr
  0.92VEXMX Vanguard Extended MarketPairCorr
  0.97FSMAX Fidelity Extended MarketPairCorr
  0.9VTSAX Vanguard Total StockPairCorr
  0.93VFIAX Vanguard 500 IndexPairCorr
  0.9VTSMX Vanguard Total StockPairCorr
  0.9VSMPX Vanguard Total StockPairCorr
  0.9VSTSX Vanguard Total StockPairCorr
  0.95VITSX Vanguard Total StockPairCorr
  0.93VFINX Vanguard 500 IndexPairCorr
  0.88VFFSX Vanguard 500 IndexPairCorr
  0.88VINIX Vanguard InstitutionalPairCorr
  0.88TIGGX Goldman Sachs TaxPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
MEIAX
+ 0.88
OTCAX
MSFRX
+ 0.84
OTCAX
MSFRX
+ 0.84
MEIAX
MSFRX
+ 0.83
MNDAX
MNDAX
+ 0.81
OTCAX
MEIAX
+ 0.76
MNDAX
  
High negative correlations   
MNDAX
- 0.53
MRSAX
MSFRX
- 0.49
MRSAX
MRSAX
- 0.49
OTCAX
MEIAX
- 0.35
MRSAX

Risk-Adjusted Indicators

There is a big difference between Meridian Mutual Fund performing well and Meridian Contrarian 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 Contrarian'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY