Meridian Small Correlations

Mutual Funds . USA . 
Fund . Meridian Small Cap
MSGAX Fund  USD 11.33  0.31  2.81%   
The current 90-days correlation between Meridian Small Cap and The Hartford International is 0.57 (i.e., Very weak diversification). The correlation of Meridian Small 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 Small Correlation With Market

Very poor diversification

The correlation between Meridian Small Cap and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Meridian Small Cap 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 Small Cap. 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 nation.

Moving together with Meridian Mutual Fund

  0.95MRAEX Meridian Equity IncomePairCorr
  0.99MRAGX Meridian GrowthPairCorr
  0.97MRCEX Meridian Equity IncomePairCorr
  0.99MRCGX Meridian GrowthPairCorr
  0.97MRIEX Meridian Equity IncomePairCorr
  0.99MRIGX Meridian GrowthPairCorr
  0.91MRRGX Meridian GrowthPairCorr
  1.0MSGCX Meridian Small CapPairCorr
  0.78MSGGX Meridian Small CapPairCorr
  1.0MSGRX Meridian Small CapPairCorr
  0.96MVALX Meridian ContrarianPairCorr
  0.97MEIFX Meridian Equity IncomePairCorr
  0.99MERDX Meridian GrowthPairCorr
  0.96MFCAX Meridian ContrarianPairCorr
  0.82MFCCX Meridian ContrarianPairCorr
  0.96MFCIX Meridian ContrarianPairCorr
  1.0MISGX Meridian Small CapPairCorr
  0.88VSGAX Vanguard Small CapPairCorr
  0.88VSGIX Vanguard Small CapPairCorr
  0.88VISGX Vanguard Small CapPairCorr
  0.86VEXPX Vanguard ExplorerPairCorr
  0.86VEXRX Vanguard ExplorerPairCorr
  0.88JGMIX Janus TritonPairCorr
  0.88JGMRX Janus TritonPairCorr
  0.88JGMAX Janus TritonPairCorr
  0.87JGMCX Janus TritonPairCorr
  0.89JGMNX Janus TritonPairCorr
  0.9EKWDX Wells Fargo AdvantagePairCorr
  0.84PMPIX Precious Metals UltrPairCorr
  0.84PMPSX Precious Metals UltrPairCorr
  0.85RNCCX American Funds IncomePairCorr
  0.88AIBBX Aristotle Funds SeriesPairCorr
  0.9NRGSX Neuberger Berman GenesisPairCorr
  0.91USSCX Science TechnologyPairCorr
  0.85SEQAX Guggenheim World EquityPairCorr
  0.89BAWAX Brown Advisory SustaPairCorr
  0.95FIKBX Fidelity Advisor FinPairCorr
  0.84LFRAX Floating RatePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Meridian Mutual Fund performing well and Meridian Small 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 Small'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
WESNX  0.89  0.22  0.14  1.13  0.76 
(0.99)
 1.70 
(1.72)
 12.14 
WESJX  0.74  0.07  0.01  0.43  0.91 
(0.75)
 1.50 
(1.72)
 6.27 
BESIX  0.75  0.07  0.00  0.43  0.91 
(0.76)
 1.55 
(1.72)
 6.25 
EVUDX  0.38  0.03 (0.07) 0.57  0.37 
(0.57)
 1.16 
(0.95)
 2.71 
EVUAX  0.68  0.01 (0.04) 0.12  0.76 
(0.75)
 1.18 
(1.28)
 7.48 
LSCRX  0.78  0.11  0.11  0.18  0.79 
(0.90)
 2.38 
(1.54)
 4.37 
DFDMX  0.78 (0.14) 0.00 (0.06) 0.00 
 0.00 
 1.86 
(1.58)
 5.40 
LSCNX  0.78  0.11  0.12  0.18  0.78 
(0.89)
 2.38 
(1.53)
 4.30 
SSCVX  0.97  0.33  0.34  0.47  0.45 
(1.23)
 2.21 
(1.45)
 12.35 
HNCAX  0.85 (0.06)(0.05) 0.02  1.12 
(0.86)
 1.57 
(2.07)
 4.06 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2026 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY