Meridian Small Correlations

MSGCX Fund

USD 11.91 0.12 1.00%

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

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 main economic indicators.

Moving together with Meridian Mutual Fund

0.88	MRRGX	Meridian Growth	Pair Corr
0.87	MFCAX	Meridian Contrarian	Pair Corr
0.86	MFCCX	Meridian Contrarian	Pair Corr
0.87	MFCIX	Meridian Contrarian	Pair Corr
0.83	VSGAX	Vanguard Small Cap	Pair Corr
0.83	VSGIX	Vanguard Small Cap	Pair Corr
0.83	VISGX	Vanguard Small Cap	Pair Corr
0.77	VEXPX	Vanguard Explorer	Pair Corr
0.77	VEXRX	Vanguard Explorer	Pair Corr
0.78	WISEX	Azzad Wise Capital	Pair Corr
0.63	WWNPX	Kinetics Paradigm	Pair Corr
0.77	RYANX	Nova Fund Class	Pair Corr
0.76	RBENX	American Funds 2060	Pair Corr
0.63	TYHRX	Pioneer High Yield	Pair Corr
0.79	AAAJX	American Century One	Pair Corr
0.79	MLMSX	Global E Portfolio	Pair Corr
0.83	QUACX	Ab Small Cap	Pair Corr
0.77	FLRDX	Franklin Lifesmart	Pair Corr
0.72	FIRFX	Fidelity Income Repl	Pair Corr
0.69	WEIAX	Teton Vertible Securities	Pair Corr

Moving against Meridian Mutual Fund

0.39

PFHCX

Pacific Funds Small

Pair Corr

Related Correlations Analysis

	MSGAX	MSGGX	HSSCX	FIDGX	DMCRX
MSGAX		0.93	0.89	0.85	0.83	MSGAX
MSGGX	0.93		0.93	0.94	0.86	MSGGX
HSSCX	0.89	0.93		0.91	0.86	HSSCX
FIDGX	0.85	0.94	0.91		0.89	FIDGX
DMCRX	0.83	0.86	0.86	0.89		DMCRX
	MSGAX	MSGGX	HSSCX	FIDGX	DMCRX

Click cells to compare fundamentals

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MSGAX	0.72	0.08	(0.01)	0.87	0.79	(0.81)	1.66	(1.38)	7.03
MSGGX	0.73	0.06	0.01	0.23	0.79	(0.81)	1.64	(1.38)	7.01
HSSCX	1.21	0.06	0.01	0.21	1.24	(1.72)	2.68	(2.00)	15.68
FIDGX	0.97	0.02	(0.02)	0.12	1.29	(0.96)	1.81	(1.82)	8.66
DMCRX	1.48	(0.02)	(0.03)	0.05	1.96	(1.52)	2.62	(2.96)	10.82

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