Meridian Growth Correlations

Mutual Funds USA . 
Fund . Meridian Growth Fund
MRAGX Fund  USD 36.15  0.14  0.39%   
The current 90-days correlation between Meridian Growth and Meridian Growth Fund is 1.0 (i.e., No risk reduction). 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

Very poor diversification

The correlation between Meridian Growth Fund and DJI is 0.88 (i.e., Very poor 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 price.

Moving together with MERIDIAN Mutual Fund

  0.67MRAEX Meridian Equity IncomePairCorr
  0.66MRCEX Meridian Equity IncomePairCorr
  1.0MRCGX Meridian GrowthPairCorr
  0.67MRIEX Meridian Equity IncomePairCorr
  1.0MRIGX Meridian GrowthPairCorr
  1.0MRRGX Meridian GrowthPairCorr
  0.97MSGAX Meridian Small CapPairCorr
  0.97MSGCX Meridian Small CapPairCorr
  0.97MSGGX Meridian Small CapPairCorr
  0.97MSGRX Meridian Small CapPairCorr
  0.9MVALX Meridian ContrarianPairCorr
  0.67MEIFX Meridian Equity IncomePairCorr
  1.0MERDX Meridian GrowthPairCorr
  0.9MFCAX Meridian ContrarianPairCorr
  0.9MFCCX Meridian ContrarianPairCorr
  0.9MFCIX Meridian ContrarianPairCorr
  0.97MISGX Meridian Small CapPairCorr
  0.89VSGAX Vanguard Small CapPairCorr
  0.89VSGIX Vanguard Small CapPairCorr
  0.89VISGX Vanguard Small CapPairCorr
  0.93VEXPX Vanguard ExplorerPairCorr
  0.93VEXRX Vanguard ExplorerPairCorr
  0.89JGMIX Janus TritonPairCorr
  0.89JGMRX Janus TritonPairCorr
  0.89JGMAX Janus TritonPairCorr
  0.89JGMCX Janus TritonPairCorr
  0.89JGMNX Janus TritonPairCorr
  0.78LSHUX Horizon Spin Off Steady GrowthPairCorr
  0.78LSHEX Kinetics Spin Off Steady GrowthPairCorr
  0.78LSHCX Horizon Spin Off Steady GrowthPairCorr
  0.78WWNPX Kinetics Paradigm Steady GrowthPairCorr
  0.78KNPCX Kinetics Paradigm Steady GrowthPairCorr
  0.8OSPPX Oppenheimer Steelpath MlpPairCorr
  0.8SPMPX Invesco Steelpath MlpPairCorr
  0.78LSHAX Horizon Spin Off Steady GrowthPairCorr
  0.8SPMJX Invesco Steelpath MlpPairCorr
  0.78KNPYX Kinetics Paradigm Steady GrowthPairCorr
  0.78VLISX Vanguard Large CapPairCorr

Related Correlations Analysis

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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.

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