Meridian Equity Correlations

Mutual Funds . USA . 
Fund . Meridian Equity Income
MRIEX Fund  USD 13.26  0.02  0.15%   
The current 90-days correlation between Meridian Equity Income and Massmutual Premier Diversified is -0.1 (i.e., Good 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 0.85 (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 housing.

Moving together with MERIDIAN Mutual Fund

  0.94MRAEX Meridian Equity IncomePairCorr
  0.94MRAGX Meridian GrowthPairCorr
  1.0MRCEX Meridian Equity IncomePairCorr
  0.94MRCGX Meridian GrowthPairCorr
  0.93MRIGX Meridian GrowthPairCorr
  0.93MRRGX Meridian GrowthPairCorr
  0.92MSGAX Meridian Small CapPairCorr
  0.91MSGRX Meridian Small CapPairCorr
  0.97MVALX Meridian ContrarianPairCorr
  1.0MEIFX Meridian Equity IncomePairCorr
  0.93MERDX Meridian GrowthPairCorr
  0.98MFCAX Meridian ContrarianPairCorr
  0.98MFCCX Meridian ContrarianPairCorr
  0.97MFCIX Meridian ContrarianPairCorr
  0.91MISGX Meridian Small CapPairCorr
  0.8JHQCX Jpmorgan Hedged EquityPairCorr
  0.82JHEQX Jpmorgan Hedged EquityPairCorr
  0.81JHQAX Jpmorgan Hedged EquityPairCorr
  0.76GTENX Gateway Fund ClassPairCorr
  0.72GTECX Gateway Fund ClassPairCorr
  0.76GTEYX Gateway Fund ClassPairCorr
  0.75GATEX Gateway Fund ClassPairCorr
  0.74JHDCX Jpmorgan Hedged EquityPairCorr
  0.77JHDRX Jpmorgan Hedged EquityPairCorr
  0.77JHDAX Jpmorgan Hedged EquityPairCorr
  0.92SMPIX Semiconductor UltrasectorPairCorr
  0.96SMPSX Semiconductor UltrasectorPairCorr
  0.78PMPIX Precious Metals Ultr Steady GrowthPairCorr
  0.78PMPSX Precious Metals Ultr Steady GrowthPairCorr
  0.78INIIX International Investors Steady GrowthPairCorr
  0.78IIGCX International Investors Steady GrowthPairCorr
  0.83FGPMX Franklin Gold And Steady GrowthPairCorr
  0.83FKRCX Franklin Gold Precious Steady GrowthPairCorr
  0.77GLDIX Gabelli Gold Steady GrowthPairCorr
  0.78EKWAX Wells Fargo Advantage Steady GrowthPairCorr
  0.82AFLIX Anfield Universal FixedPairCorr
  0.8MINFX Mfs International ValuePairCorr
  0.66FRKSX Nuveen Kansas MunicipalPairCorr

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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