Meridian Growth Correlations

MRRGX Fund

USD 38.19 0.29 0.77%

The current 90-days correlation between Meridian Growth and Tax Free Conservative Income is 0.14 (i.e., Average diversification). 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 weak diversification

The correlation between Meridian Growth Fund and DJI is 0.4 (i.e., Very weak 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

0.86	MFCAX	Meridian Contrarian	Pair Corr
0.84	MFCCX	Meridian Contrarian	Pair Corr
0.86	MFCIX	Meridian Contrarian	Pair Corr
0.72	VEXPX	Vanguard Explorer	Pair Corr
0.72	VEXRX	Vanguard Explorer	Pair Corr
0.61	JGMAX	Janus Triton	Pair Corr
0.72	JGMNX	Janus Triton	Pair Corr
0.64	ALEFX	Alps/alerian Energy	Pair Corr
0.64	QUACX	Ab Small Cap	Pair Corr
0.75	WEIAX	Teton Vertible Securities	Pair Corr

Related Correlations Analysis

	TFCAX	FHCOX	TLSHX	XACVX	WDIAX	PGBAX	FARIX
TFCAX		0.95	0.21	0.39	-0.32	0.32	-0.12	TFCAX
FHCOX	0.95		0.08	0.27	-0.36	0.2	-0.24	FHCOX
TLSHX	0.21	0.08		0.79	0.65	0.92	0.69	TLSHX
XACVX	0.39	0.27	0.79		0.36	0.83	0.65	XACVX
WDIAX	-0.32	-0.36	0.65	0.36		0.45	0.72	WDIAX
PGBAX	0.32	0.2	0.92	0.83	0.45		0.63	PGBAX
FARIX	-0.12	-0.24	0.69	0.65	0.72	0.63		FARIX
	TFCAX	FHCOX	TLSHX	XACVX	WDIAX	PGBAX	FARIX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FHCOX	+ 0.95	TFCAX
PGBAX	+ 0.92	TLSHX
PGBAX	+ 0.83	XACVX
XACVX	+ 0.79	TLSHX
FARIX	+ 0.72	WDIAX
FARIX	+ 0.69	TLSHX

High negative correlations

WDIAX	- 0.36	FHCOX
WDIAX	- 0.32	TFCAX
FARIX	- 0.24	FHCOX
FARIX	- 0.12	TFCAX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TFCAX	0.02	0.00	0.00	(0.10)	0.00	0.00	0.10	0.00	0.40
FHCOX	0.04	0.01	0.00	4.94	0.00	0.00	0.10	0.00	0.61
TLSHX	0.26	0.00	(0.17)	0.07	0.34	(0.28)	0.55	(0.54)	1.95
XACVX	0.70	0.07	(0.01)	2.79	1.01	(0.73)	1.43	(1.48)	5.43
WDIAX	0.58	(0.03)	(0.12)	(0.01)	0.70	(0.69)	1.10	(0.96)	5.40
PGBAX	0.15	(0.01)	(0.42)	(0.04)	0.14	(0.20)	0.34	(0.34)	1.01
FARIX	0.31	(0.02)	0.00	(0.22)	0.00	0.00	0.65	(0.62)	2.12

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