Meridian Equity Correlations

Mutual Funds . USA . 
Fund . Meridian Equity Income
MRCEX Fund  USD 12.08  0.02  0.17%   
The current 90-days correlation between Meridian Equity Income and Sprott Gold Equity is 0.15 (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 0.86 (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

  0.97MRAEX Meridian Equity IncomePairCorr
  0.99MRAGX Meridian GrowthPairCorr
  0.99MRCGX Meridian GrowthPairCorr
  1.0MRIEX Meridian Equity IncomePairCorr
  0.99MRIGX Meridian GrowthPairCorr
  0.99MRRGX Meridian GrowthPairCorr
  0.98MSGAX Meridian Small CapPairCorr
  0.98MSGCX Meridian Small CapPairCorr
  0.69MSGGX Meridian Small CapPairCorr
  0.98MSGRX Meridian Small CapPairCorr
  0.98MVALX Meridian ContrarianPairCorr
  1.0MEIFX Meridian Equity IncomePairCorr
  0.99MERDX Meridian GrowthPairCorr
  0.98MFCAX Meridian ContrarianPairCorr
  0.99MFCCX Meridian ContrarianPairCorr
  0.98MFCIX Meridian ContrarianPairCorr
  0.98MISGX Meridian Small CapPairCorr
  0.83JHQCX Jpmorgan Hedged EquityPairCorr
  0.84JHEQX Jpmorgan Hedged EquityPairCorr
  0.84JHQAX Jpmorgan Hedged EquityPairCorr
  0.79GTENX Gateway Fund ClassPairCorr
  0.79GATEX Gateway Fund ClassPairCorr
  0.77GTECX Gateway Fund ClassPairCorr
  0.8GTEYX Gateway Fund ClassPairCorr
  0.77JHDCX Jpmorgan Hedged EquityPairCorr
  0.8JHDRX Jpmorgan Hedged EquityPairCorr
  0.79JHDAX Jpmorgan Hedged EquityPairCorr
  0.79VFFRX Victory IncorePairCorr
  0.79TQAIX T Rowe PricePairCorr
  0.86VMLUX Vanguard Limited TermPairCorr

Moving against Meridian Mutual Fund

  0.93CESGX Coho Relative ValuePairCorr
  0.87UIPIX Ultrashort Mid CapPairCorr
  0.68TCSUX Cleartrack 2020 ClassPairCorr
  0.64TCTGX Transamerica CleartrackPairCorr
  0.64TCTJX Transamerica CleartrackPairCorr
  0.63TDKTX Cleartrack 2015 ClassPairCorr
  0.34USPSX Profunds UltrashortPairCorr
  0.32USPIX Profunds UltrashortPairCorr

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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