Meridian Equity Correlations

MRIEX Fund

USD 13.25 0.11 0.84%

The current 90-days correlation between Meridian Equity Income and Flexible Bond Portfolio is -0.03 (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 0.89 (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 services.

Moving together with MERIDIAN Mutual Fund

0.95	MRAEX	Meridian Equity Income	Pair Corr
0.96	MRAGX	Meridian Growth	Pair Corr
0.98	MRCEX	Meridian Equity Income	Pair Corr
0.89	MRIGX	Meridian Growth	Pair Corr
0.97	MRRGX	Meridian Growth	Pair Corr
0.92	MSGAX	Meridian Small Cap	Pair Corr
0.97	MSGCX	Meridian Small Cap	Pair Corr
0.97	MSGRX	Meridian Small Cap	Pair Corr
0.8	MVALX	Meridian Contrarian	Pair Corr
1.0	MEIFX	Meridian Equity Income	Pair Corr
0.97	MERDX	Meridian Growth	Pair Corr
0.83	MFCAX	Meridian Contrarian	Pair Corr
0.99	MFCCX	Meridian Contrarian	Pair Corr
0.83	MFCIX	Meridian Contrarian	Pair Corr
0.69	JHQCX	Jpmorgan Hedged Equity	Pair Corr
0.7	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.78	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.66	GTENX	Gateway Fund Class	Pair Corr
0.65	GTECX	Gateway Fund Class	Pair Corr
0.66	GTEYX	Gateway Fund Class	Pair Corr
0.78	GATEX	Gateway Fund Class	Pair Corr
0.66	JHDCX	Jpmorgan Hedged Equity	Pair Corr
0.65	JHDRX	Jpmorgan Hedged Equity	Pair Corr
0.76	JHDAX	Jpmorgan Hedged Equity	Pair Corr
0.81	KF	Korea Closed	Pair Corr
0.67	FKRCX	Franklin Gold Precious	Pair Corr
0.87	RSNRX	Victory Global Natural	Pair Corr
0.88	SGGDX	First Eagle Gold	Pair Corr
0.87	EKWAX	Wells Fargo Advantage Downward Rally	Pair Corr
0.72	PSPFX	Global Resources	Pair Corr
0.78	OPGSX	Oppenheimer Gold Spec	Pair Corr
0.72	GOLDX	Gabelli Gold	Pair Corr
0.87	FSAGX	Gold Portfolio Gold	Pair Corr
0.76	UNWPX	World Precious Minerals	Pair Corr
0.95	RHFTX	American Funds 2035	Pair Corr
0.85	ARCNX	Aqr Risk Balanced	Pair Corr
0.71	WESJX	William Blair Emerging	Pair Corr
0.91	GLRBX	James Balanced Golden	Pair Corr

Related Correlations Analysis

	ABNTX	BXDCX	VBISX	TOHIX	FDBLX	APDOX	SWSFX	JAFLX
ABNTX		0.75	0.79	0.77	0.77	0.81	0.8	0.81	ABNTX
BXDCX	0.75		0.88	0.87	0.82	0.94	0.88	0.78	BXDCX
VBISX	0.79	0.88		0.82	0.86	0.85	0.86	0.86	VBISX
TOHIX	0.77	0.87	0.82		0.74	0.87	0.73	0.79	TOHIX
FDBLX	0.77	0.82	0.86	0.74		0.82	0.87	0.95	FDBLX
APDOX	0.81	0.94	0.85	0.87	0.82		0.92	0.8	APDOX
SWSFX	0.8	0.88	0.86	0.73	0.87	0.92		0.84	SWSFX
JAFLX	0.81	0.78	0.86	0.79	0.95	0.8	0.84		JAFLX
	ABNTX	BXDCX	VBISX	TOHIX	FDBLX	APDOX	SWSFX	JAFLX

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
ABNTX	0.07	0.00	(0.65)	0.02	0.00	(0.11)	0.10	(0.10)	0.39
BXDCX	0.05	0.00	(0.59)	(0.17)	0.00	(0.13)	0.11	(0.11)	0.43
VBISX	0.09	0.01	(0.65)	(0.43)	0.00	(0.14)	0.29	(0.10)	0.49
TOHIX	0.06	0.00	(0.41)	0.76	0.00	(0.12)	0.18	(0.09)	0.65
FDBLX	0.12	0.01	(0.35)	0.17	0.00	(0.18)	0.35	(0.24)	0.71
APDOX	0.10	0.07	(0.07)	1.76	0.00	(0.15)	0.28	(0.18)	0.56
SWSFX	0.05	0.01	0.00	1.59	0.00	0.00	0.10	(0.10)	0.49
JAFLX	0.12	0.00	(0.40)	0.23	0.04	(0.15)	0.20	(0.30)	0.61

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Meridian Equity Correlations

Meridian Equity Correlation With Market

Very poor diversification

Moving together with MERIDIAN Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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