Meridian Small Correlations

MSGAX Fund

USD 11.52 0.07 0.61%

The current 90-days correlation between Meridian Small Cap and William Blair Emerging is 0.14 (i.e., Average 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

Significant diversification

The correlation between Meridian Small Cap and DJI is 0.09 (i.e., Significant 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

0.92	MRAEX	Meridian Equity Income	Pair Corr
0.98	MRAGX	Meridian Growth	Pair Corr
0.91	MRCEX	Meridian Equity Income	Pair Corr
0.92	MRCGX	Meridian Growth	Pair Corr
0.92	MRIEX	Meridian Equity Income	Pair Corr
0.91	MRIGX	Meridian Growth	Pair Corr
0.91	MRRGX	Meridian Growth	Pair Corr
0.94	MSGCX	Meridian Small Cap	Pair Corr
0.67	MSGGX	Meridian Small Cap	Pair Corr
0.94	MSGRX	Meridian Small Cap	Pair Corr
0.94	MVALX	Meridian Trarian	Pair Corr
0.96	MEIFX	Meridian Equity Income	Pair Corr
0.91	MERDX	Meridian Growth	Pair Corr
0.98	MFCAX	Meridian Trarian	Pair Corr
0.91	MFCCX	Meridian Trarian	Pair Corr
0.94	MFCIX	Meridian Trarian	Pair Corr
0.94	MISGX	Meridian Small Cap	Pair Corr
0.66	VSGAX	Vanguard Small Cap	Pair Corr
0.66	VSGIX	Vanguard Small Cap	Pair Corr
0.65	VISGX	Vanguard Small Cap	Pair Corr
0.66	VEXPX	Vanguard Explorer	Pair Corr
0.66	VEXRX	Vanguard Explorer	Pair Corr
0.75	JGMIX	Janus Triton	Pair Corr
0.75	JGMRX	Janus Triton	Pair Corr
0.78	JGMAX	Janus Triton	Pair Corr
0.75	JGMCX	Janus Triton	Pair Corr
0.75	JGMNX	Janus Triton	Pair Corr
0.69	VSTSX	Vanguard Total Stock	Pair Corr
0.7	VSMPX	Vanguard Total Stock	Pair Corr
0.7	VITSX	Vanguard Total Stock	Pair Corr
0.71	VFFSX	Vanguard 500 Index	Pair Corr
0.69	VFIAX	Vanguard 500 Index	Pair Corr
0.73	VTSAX	Vanguard Total Stock	Pair Corr
0.83	VTSNX	Vanguard Total Inter	Pair Corr
0.85	VTISX	Vanguard Total Inter	Pair Corr
0.83	VTPSX	Vanguard Total Inter	Pair Corr
0.69	VINIX	Vanguard Institutional	Pair Corr
0.88	FEQIX	Fidelity Equity Income	Pair Corr

Related Correlations Analysis

	WESNX	WESJX	BESIX	EVUDX	EVUAX	LSCRX	DFDMX	LSCNX	SSCVX	HNCAX
WESNX		0.63	0.63	0.3	-0.56	-0.3	-0.02	0.59	0.67	0.35	WESNX
WESJX	0.63		1.0	0.29	-0.17	-0.2	0.17	0.37	0.28	0.71	WESJX
BESIX	0.63	1.0		0.29	-0.16	-0.2	0.17	0.37	0.27	0.71	BESIX
EVUDX	0.3	0.29	0.29		-0.33	-0.06	-0.38	0.15	0.27	0.24	EVUDX
EVUAX	-0.56	-0.17	-0.16	-0.33		0.05	0.48	-0.55	-0.76	0.11	EVUAX
LSCRX	-0.3	-0.2	-0.2	-0.06	0.05		0.18	0.3	0.09	-0.03	LSCRX
DFDMX	-0.02	0.17	0.17	-0.38	0.48	0.18		0.23	-0.16	0.45	DFDMX
LSCNX	0.59	0.37	0.37	0.15	-0.55	0.3	0.23		0.84	0.29	LSCNX
SSCVX	0.67	0.28	0.27	0.27	-0.76	0.09	-0.16	0.84		0.19	SSCVX
HNCAX	0.35	0.71	0.71	0.24	0.11	-0.03	0.45	0.29	0.19		HNCAX
	WESNX	WESJX	BESIX	EVUDX	EVUAX	LSCRX	DFDMX	LSCNX	SSCVX	HNCAX

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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

BESIX	+ 1.0	WESJX
SSCVX	+ 0.84	LSCNX
HNCAX	+ 0.71	WESJX
HNCAX	+ 0.71	BESIX
SSCVX	+ 0.67	WESNX
WESJX	+ 0.63	WESNX

High negative correlations

SSCVX	- 0.76	EVUAX
EVUAX	- 0.56	WESNX
LSCNX	- 0.55	EVUAX
DFDMX	- 0.38	EVUDX
EVUAX	- 0.33	EVUDX
LSCRX	- 0.3	WESNX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
WESNX	0.89	0.14	0.10	0.34	0.84	(1.05)	1.70	(1.71)	10.40
WESJX	0.73	0.00	(0.04)	0.08	0.96	(0.79)	1.50	(1.71)	4.59
BESIX	0.74	(0.01)	(0.04)	0.08	0.94	(0.79)	1.55	(1.72)	4.56
EVUDX	0.38	0.03	(0.08)	0.63	0.37	(0.57)	1.16	(0.95)	2.71
EVUAX	0.56	(0.05)	0.00	(1.64)	0.00	0.00	1.17	(1.28)	3.45
LSCRX	1.06	(0.29)	0.00	(0.13)	0.00	0.00	1.61	(1.72)	18.57
DFDMX	0.75	(0.11)	0.00	(0.03)	0.00	0.00	1.85	(1.58)	3.83
LSCNX	0.79	(0.05)	(0.03)	0.04	1.05	(0.81)	1.58	(1.68)	4.16
SSCVX	0.97	0.18	0.11	0.80	0.89	(1.21)	2.03	(1.55)	11.45
HNCAX	0.86	0.04	(0.02)	0.24	1.21	(0.89)	1.64	(2.15)	4.82

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