Meridian Equity Correlations

Mutual Funds USA . 
Fund . Meridian Equity Income
MRAEX Fund  USD 14.95  0.04  0.27%   
The current 90-days correlation between Meridian Equity Income and Jpmorgan Hedged Equity is 0.69 (i.e., Poor 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

Poor diversification

The correlation between Meridian Equity Income and DJI is 0.65 (i.e., 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 income.

Moving together with Meridian Mutual Fund

  0.67MRAGX Meridian GrowthPairCorr
  1.0MRCEX Meridian Equity IncomePairCorr
  0.66MRCGX Meridian GrowthPairCorr
  1.0MRIEX Meridian Equity IncomePairCorr
  0.67MRIGX Meridian GrowthPairCorr
  0.67MRRGX Meridian GrowthPairCorr
  0.72MSGAX Meridian Small CapPairCorr
  0.71MSGCX Meridian Small CapPairCorr
  0.72MSGGX Meridian Small CapPairCorr
  0.72MSGRX Meridian Small CapPairCorr
  0.86MVALX Meridian ContrarianPairCorr
  1.0MEIFX Meridian Equity IncomePairCorr
  0.67MERDX Meridian GrowthPairCorr
  0.86MFCAX Meridian ContrarianPairCorr
  0.86MFCCX Meridian ContrarianPairCorr
  0.86MFCIX Meridian ContrarianPairCorr
  0.72MISGX Meridian Small CapPairCorr
  0.98JHQCX Jpmorgan Hedged EquityPairCorr
  0.98JHEQX Jpmorgan Hedged EquityPairCorr
  0.98JHQAX Jpmorgan Hedged EquityPairCorr
  0.96GTENX Gateway Fund ClassPairCorr
  0.96GTECX Gateway Fund ClassPairCorr
  0.96GTEYX Gateway Fund ClassPairCorr
  0.96GATEX Gateway Fund ClassPairCorr
  0.97JHDCX Jpmorgan Hedged EquityPairCorr
  0.93JHDRX Jpmorgan Hedged EquityPairCorr
  0.97JHDAX Jpmorgan Hedged EquityPairCorr
  0.61ERH Allspring Utilities AndPairCorr
  0.71WHIYX Ivy High IncomePairCorr
  0.76IVHIX Ivy High IncomePairCorr
  0.75IHIFX Ivy High IncomePairCorr
  0.71WRHIX Ivy High IncomePairCorr
  0.72WHIAX Ivy High IncomePairCorr
  0.83NML Neuberger Berman MlpPairCorr
  0.7SBCPX Qs Defensive GrowthPairCorr
  0.67SGPGX Sgi Prudent GrowthPairCorr
  0.83PFN Pimco Income StrategyPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

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