Meridian Equity Correlations

MRCEX Fund

USD 14.13 0.01 0.07%

The current 90-days correlation between Meridian Equity Income and Meridian Equity Income is 1.0 (i.e., No risk reduction). 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

Good diversification

The correlation between Meridian Equity Income and DJI is -0.04 (i.e., Good 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

1.0	MRAEX	Meridian Equity Income	Pair Corr
0.95	MRIEX	Meridian Equity Income	Pair Corr
0.67	MSGAX	Meridian Small Cap	Pair Corr
0.66	MSGCX	Meridian Small Cap	Pair Corr
0.67	MSGGX	Meridian Small Cap	Pair Corr
0.68	MSGRX	Meridian Small Cap	Pair Corr
0.82	MVALX	Meridian Contrarian	Pair Corr
1.0	MEIFX	Meridian Equity Income	Pair Corr
0.85	MFCAX	Meridian Contrarian	Pair Corr
0.81	MFCCX	Meridian Contrarian	Pair Corr
0.82	MFCIX	Meridian Contrarian	Pair Corr
0.67	MISGX	Meridian Small Cap	Pair Corr
0.96	JHQCX	Jpmorgan Hedged Equity	Pair Corr
0.96	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.96	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.93	GTENX	Gateway Fund Class	Pair Corr
0.93	GTECX	Gateway Fund Class	Pair Corr
0.95	GTEYX	Gateway Fund Class	Pair Corr
0.93	GATEX	Gateway Fund Class	Pair Corr
0.96	JHDCX	Jpmorgan Hedged Equity	Pair Corr
0.96	JHDRX	Jpmorgan Hedged Equity	Pair Corr
0.96	JHDAX	Jpmorgan Hedged Equity	Pair Corr
0.84	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
0.74	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.74	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.74	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.74	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.73	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.85	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.76	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.76	MSVVX	Mesirow Financial Small	Pair Corr
0.9	FIUIX	Fidelity Telecom And	Pair Corr
0.9	RIFYX	Victory Rs Science	Pair Corr

Related Correlations Analysis

	MRAEX	MRAGX	MRCGX	MRIEX	MRIGX	MRRGX	MSGAX	MSGCX	MSGGX
MRAEX		0.57	0.56	0.96	0.58	0.6	0.67	0.66	0.67	MRAEX
MRAGX	0.57		1.0	0.61	1.0	0.9	0.89	0.89	0.89	MRAGX
MRCGX	0.56	1.0		0.6	1.0	0.9	0.89	0.89	0.89	MRCGX
MRIEX	0.96	0.61	0.6		0.61	0.55	0.63	0.62	0.63	MRIEX
MRIGX	0.58	1.0	1.0	0.61		0.9	0.89	0.89	0.89	MRIGX
MRRGX	0.6	0.9	0.9	0.55	0.9		0.96	0.96	0.96	MRRGX
MSGAX	0.67	0.89	0.89	0.63	0.89	0.96		1.0	1.0	MSGAX
MSGCX	0.66	0.89	0.89	0.62	0.89	0.96	1.0		1.0	MSGCX
MSGGX	0.67	0.89	0.89	0.63	0.89	0.96	1.0	1.0		MSGGX
	MRAEX	MRAGX	MRCGX	MRIEX	MRIGX	MRRGX	MSGAX	MSGCX	MSGGX

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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
MRAEX	0.41	0.07	(0.12)	(1.91)	0.32	(0.45)	0.95	(0.68)	2.06
MRAGX	0.75	(0.05)	(0.03)	0.08	0.84	(0.83)	1.44	(1.39)	5.80
MRCGX	0.75	(0.05)	(0.03)	0.08	0.83	(0.82)	1.45	(1.42)	5.82
MRIEX	0.40	0.02	(0.10)	0.18	0.27	(0.46)	0.99	(0.62)	2.14
MRIGX	0.74	(0.05)	(0.03)	0.08	0.83	(0.82)	1.46	(1.41)	5.81
MRRGX	0.74	0.05	(0.06)	1.16	0.85	(0.81)	1.43	(1.41)	5.81
MSGAX	0.79	0.08	(0.03)	1.73	0.86	(0.91)	1.64	(1.44)	5.48
MSGCX	0.79	0.08	(0.04)	2.07	0.86	(0.92)	1.62	(1.43)	5.48
MSGGX	0.79	0.09	(0.03)	2.06	0.85	(0.91)	1.63	(1.43)	5.48

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Meridian Equity Correlations

Meridian Equity Correlation With Market

Good diversification

Moving together with Meridian Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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