Meridian Small Correlations

Mutual Funds USA . 
Fund . Meridian Small Cap
MSGCX Fund  USD 12.21  0.03  0.25%   
The current 90-days correlation between Meridian Small Cap and Meridian Small Cap is 1.0 (i.e., No risk reduction). 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 0.83 (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 main economic indicators.

Moving together with Meridian Mutual Fund

  0.71MRAEX Meridian Equity IncomePairCorr
  0.97MRAGX Meridian GrowthPairCorr
  0.71MRCEX Meridian Equity IncomePairCorr
  0.97MRCGX Meridian GrowthPairCorr
  0.71MRIEX Meridian Equity IncomePairCorr
  0.97MRIGX Meridian GrowthPairCorr
  0.97MRRGX Meridian GrowthPairCorr
  1.0MSGAX Meridian Small CapPairCorr
  1.0MSGGX Meridian Small CapPairCorr
  1.0MSGRX Meridian Small CapPairCorr
  0.92MVALX Meridian ContrarianPairCorr
  0.71MEIFX Meridian Equity IncomePairCorr
  0.97MERDX Meridian GrowthPairCorr
  0.92MFCAX Meridian ContrarianPairCorr
  0.92MFCCX Meridian ContrarianPairCorr
  0.92MFCIX Meridian ContrarianPairCorr
  1.0MISGX Meridian Small CapPairCorr
  0.91VSGAX Vanguard Small CapPairCorr
  0.91VSGIX Vanguard Small CapPairCorr
  0.91VISGX Vanguard Small CapPairCorr
  0.94VEXPX Vanguard ExplorerPairCorr
  0.94VEXRX Vanguard ExplorerPairCorr
  0.92JGMIX Janus TritonPairCorr
  0.92JGMRX Janus TritonPairCorr
  0.92JGMAX Janus TritonPairCorr
  0.92JGMCX Janus TritonPairCorr
  0.92JGMNX Janus TritonPairCorr
  0.84LSHUX Horizon Spin Off Steady GrowthPairCorr
  0.85LSHEX Kinetics Spin Off Steady GrowthPairCorr
  0.85LSHCX Horizon Spin Off Steady GrowthPairCorr
  0.85WWNPX Kinetics Paradigm Steady GrowthPairCorr
  0.85KNPCX Kinetics Paradigm Steady GrowthPairCorr
  0.84OSPPX Oppenheimer Steelpath MlpPairCorr
  0.84SPMPX Invesco Steelpath MlpPairCorr
  0.84LSHAX Horizon Spin Off Steady GrowthPairCorr
  0.84SPMJX Invesco Steelpath MlpPairCorr
  0.85KNPYX Kinetics Paradigm Steady GrowthPairCorr
  0.82VLISX Vanguard Large CapPairCorr

Related Correlations Analysis

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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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