Meridian Equity Correlations

MRAEX Fund

USD 12.72 0.07 0.55%

The current 90-days correlation between Meridian Equity Income and Pace International Emerging is 0.1 (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

Significant diversification

The correlation between Meridian Equity Income and DJI is 0.04 (i.e., Significant 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 manufacturing.

Moving together with Meridian Mutual Fund

0.94	MRAGX	Meridian Growth	Pair Corr
0.92	MRCEX	Meridian Equity Income	Pair Corr
0.91	MRCGX	Meridian Growth	Pair Corr
0.92	MRIEX	Meridian Equity Income	Pair Corr
0.9	MRIGX	Meridian Growth	Pair Corr
0.9	MRRGX	Meridian Growth	Pair Corr
0.93	MSGAX	Meridian Small Cap	Pair Corr
0.9	MSGCX	Meridian Small Cap	Pair Corr
0.89	MSGRX	Meridian Small Cap	Pair Corr
0.91	MVALX	Meridian Contrarian	Pair Corr
0.92	MEIFX	Meridian Equity Income	Pair Corr
0.9	MERDX	Meridian Growth	Pair Corr
0.94	MFCAX	Meridian Contrarian	Pair Corr
0.94	MFCCX	Meridian Contrarian	Pair Corr
0.91	MFCIX	Meridian Contrarian	Pair Corr
0.89	MISGX	Meridian Small Cap	Pair Corr
0.72	JHQCX	Jpmorgan Hedged Equity	Pair Corr
0.73	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.74	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.63	GTENX	Gateway Fund Class	Pair Corr
0.64	GTECX	Gateway Fund Class	Pair Corr
0.63	GTEYX	Gateway Fund Class	Pair Corr
0.65	GATEX	Gateway Fund Class	Pair Corr
0.69	JHDCX	Jpmorgan Hedged Equity	Pair Corr
0.67	JHDRX	Jpmorgan Hedged Equity	Pair Corr
0.69	JHDAX	Jpmorgan Hedged Equity	Pair Corr
0.64	CII	Blackrock Enhanced	Pair Corr
0.68	ETV	Eaton Vance Tax	Pair Corr
0.79	CLM	Cornerstone Strategic Sell-off Trend	Pair Corr
0.78	CRF	Cornerstone Total Return	Pair Corr
0.74	USA	Liberty All Star	Pair Corr
0.72	NFJ	Virtus Dividend Interest	Pair Corr
0.86	BTIIX	Deutsche Equity 500	Pair Corr
0.86	SMVTX	Ridgeworth Ceredex Mid	Pair Corr

Moving against Meridian Mutual Fund

0.55

IFN

India Closed

Pair Corr

Related Correlations Analysis

	PCEMX	SAEMX	MKDCX	EMDQX	EMILX
PCEMX		0.93	0.91	0.79	0.84	PCEMX
SAEMX	0.93		0.91	0.79	0.88	SAEMX
MKDCX	0.91	0.91		0.7	0.86	MKDCX
EMDQX	0.79	0.79	0.7		0.54	EMDQX
EMILX	0.84	0.88	0.86	0.54		EMILX
	PCEMX	SAEMX	MKDCX	EMDQX	EMILX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PCEMX	0.68	0.08	0.05	0.20	0.81	(0.81)	1.62	(1.34)	4.15
SAEMX	0.58	0.08	0.01	0.52	0.74	(0.63)	1.32	(1.30)	3.87
MKDCX	0.82	0.09	0.02	0.52	0.97	(0.87)	1.57	(1.36)	4.88
EMDQX	0.18	0.02	(0.19)	0.21	0.00	(0.26)	0.41	(0.41)	1.02
EMILX	0.80	0.02	0.01	0.11	0.92	(0.94)	1.80	(1.16)	4.98

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