Meridian Equity Correlations

Mutual Funds . USA . 
Fund . Meridian Equity Income
MRAEX Fund  USD 12.71  0.02  0.16%   
The current 90-days correlation between Meridian Equity Income and Deutsche Gold Precious is 0.12 (i.e., Average 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 0.83 (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 signals in american community survey.

Moving together with Meridian Mutual Fund

  0.97MRAGX Meridian GrowthPairCorr
  0.97MRCEX Meridian Equity IncomePairCorr
  0.95MRCGX Meridian GrowthPairCorr
  0.95MRIEX Meridian Equity IncomePairCorr
  0.94MRIGX Meridian GrowthPairCorr
  0.94MRRGX Meridian GrowthPairCorr
  0.96MSGAX Meridian Small CapPairCorr
  0.94MSGCX Meridian Small CapPairCorr
  0.67MSGGX Meridian Small CapPairCorr
  0.94MSGRX Meridian Small CapPairCorr
  0.94MVALX Meridian ContrarianPairCorr
  0.95MEIFX Meridian Equity IncomePairCorr
  0.94MERDX Meridian GrowthPairCorr
  0.95MFCAX Meridian ContrarianPairCorr
  0.96MFCCX Meridian ContrarianPairCorr
  0.94MFCIX Meridian ContrarianPairCorr
  0.94MISGX Meridian Small CapPairCorr
  0.8JHQCX Jpmorgan Hedged EquityPairCorr
  0.81JHEQX Jpmorgan Hedged EquityPairCorr
  0.81JHQAX Jpmorgan Hedged EquityPairCorr
  0.77GTENX Gateway Fund ClassPairCorr
  0.75GTECX Gateway Fund ClassPairCorr
  0.77GTEYX Gateway Fund ClassPairCorr
  0.77GATEX Gateway Fund ClassPairCorr
  0.74JHDCX Jpmorgan Hedged EquityPairCorr
  0.77JHDRX Jpmorgan Hedged EquityPairCorr
  0.77JHDAX Jpmorgan Hedged EquityPairCorr
  0.91FSMMX Fs Multi StrategyPairCorr
  0.87BTMPX Ishares Msci EafePairCorr
  0.87BTMKX Blackrock InternationalPairCorr
  0.87MDIIX Blackrock Intern IndexPairCorr
  0.64SPMPX Invesco Steelpath MlpPairCorr
  0.65MLPNX Oppenheimer Steelpath MlpPairCorr
  0.64MLPMX Oppenheimer Steelpath MlpPairCorr
  0.64SPMJX Invesco Steelpath MlpPairCorr
  0.92FFSIX Fidelity Advisor FinPairCorr
  0.83SWJRX Schwab Monthly IncomePairCorr
  0.91WILJX William Blair InternPairCorr
  0.78WTSGX Westcore Small Cap Potential GrowthPairCorr

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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