Meridian Small Correlations

Mutual Funds . USA . 
Fund . Meridian Small Cap
MSGCX Fund  USD 10.21  0.07  0.68%   
The current 90-days correlation between Meridian Small Cap and Wesmark Growth Fund is 0.07 (i.e., Significant 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 0.08 (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 manufacturing.

Moving together with Meridian Mutual Fund

  0.89MRAEX Meridian Equity IncomePairCorr
  0.95MRAGX Meridian GrowthPairCorr
  0.87MRCEX Meridian Equity IncomePairCorr
  0.87MRCGX Meridian GrowthPairCorr
  0.93MRIEX Meridian Equity IncomePairCorr
  0.98MRIGX Meridian GrowthPairCorr
  0.98MRRGX Meridian GrowthPairCorr
  1.0MSGAX Meridian Small CapPairCorr
  0.64MSGGX Meridian Small CapPairCorr
  0.81MVALX Meridian TrarianPairCorr
  0.87MEIFX Meridian Equity IncomePairCorr
  0.95MERDX Meridian GrowthPairCorr
  0.81MFCAX Meridian TrarianPairCorr
  0.81MFCCX Meridian TrarianPairCorr
  0.81MFCIX Meridian TrarianPairCorr
  0.97MISGX Meridian Small CapPairCorr
  0.68VISGX Vanguard Small CapPairCorr
  0.77JGMIX Janus TritonPairCorr
  0.77JGMRX Janus TritonPairCorr
  0.77JGMAX Janus TritonPairCorr
  0.77JGMCX Janus TritonPairCorr
  0.77JGMNX Janus TritonPairCorr
  0.67VTSNX Vanguard Total InterPairCorr
  0.65VTISX Vanguard Total InterPairCorr
  0.67VTPSX Vanguard Total InterPairCorr
  0.76FEQIX Fidelity Equity IncomePairCorr
  0.75JPVZX Jpmorgan InternationalPairCorr

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.

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