Meridian Small Correlations

MSGCX Fund

USD 10.17 0.03 0.30%

The current 90-days correlation between Meridian Small Cap and Taiwan Closed is -0.01 (i.e., Good 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

Poor diversification

The correlation between Meridian Small Cap and DJI is 0.68 (i.e., 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 unemployment.

Moving together with Meridian Mutual Fund

0.89	MRAEX	Meridian Equity Income	Pair Corr
0.99	MRAGX	Meridian Growth	Pair Corr
0.94	MRCEX	Meridian Equity Income	Pair Corr
0.99	MRCGX	Meridian Growth	Pair Corr
0.93	MRIEX	Meridian Equity Income	Pair Corr
0.94	MRIGX	Meridian Growth	Pair Corr
0.99	MRRGX	Meridian Growth	Pair Corr
1.0	MSGAX	Meridian Small Cap	Pair Corr
1.0	MSGRX	Meridian Small Cap	Pair Corr
0.85	MVALX	Meridian Contrarian	Pair Corr
0.93	MEIFX	Meridian Equity Income	Pair Corr
0.99	MERDX	Meridian Growth	Pair Corr
0.88	MFCAX	Meridian Contrarian	Pair Corr
0.88	MFCCX	Meridian Contrarian	Pair Corr
0.85	MFCIX	Meridian Contrarian	Pair Corr
1.0	MISGX	Meridian Small Cap	Pair Corr
0.73	VSGAX	Vanguard Small Cap	Pair Corr
0.73	VSGIX	Vanguard Small Cap	Pair Corr
0.73	VISGX	Vanguard Small Cap	Pair Corr
0.67	VEXPX	Vanguard Explorer	Pair Corr
0.67	VEXRX	Vanguard Explorer	Pair Corr
0.77	JGMIX	Janus Triton	Pair Corr
0.77	JGMRX	Janus Triton	Pair Corr
0.78	JGMAX	Janus Triton	Pair Corr
0.74	JGMCX	Janus Triton	Pair Corr
0.76	JGMNX	Janus Triton	Pair Corr
0.68	WHIAX	Ivy High Income	Pair Corr
0.67	IVHIX	Ivy High Income	Pair Corr
0.65	IHIFX	Ivy High Income	Pair Corr
0.65	WRHIX	Ivy High Income	Pair Corr
0.67	WHIYX	Ivy High Income	Pair Corr
0.83	HRACX	Hartford Growth	Pair Corr
0.78	UICGX	Capital Growth	Pair Corr
0.77	WMKTX	Wesmark Tactical Opp	Pair Corr

Related Correlations Analysis

	WMKGX	LSSCX	CSSZX	NOLCX	GSXIX	CAGIX	FOF	TWN
WMKGX		-0.23	-0.23	0.28	-0.27	0.2	-0.2	-0.28	WMKGX
LSSCX	-0.23		0.96	0.68	0.94	0.88	0.9	0.93	LSSCX
CSSZX	-0.23	0.96		0.71	0.9	0.86	0.86	0.93	CSSZX
NOLCX	0.28	0.68	0.71		0.56	0.85	0.66	0.67	NOLCX
GSXIX	-0.27	0.94	0.9	0.56		0.79	0.81	0.88	GSXIX
CAGIX	0.2	0.88	0.86	0.85	0.79		0.84	0.85	CAGIX
FOF	-0.2	0.9	0.86	0.66	0.81	0.84		0.9	FOF
TWN	-0.28	0.93	0.93	0.67	0.88	0.85	0.9		TWN
	WMKGX	LSSCX	CSSZX	NOLCX	GSXIX	CAGIX	FOF	TWN

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

CSSZX	+ 0.96	LSSCX
GSXIX	+ 0.94	LSSCX
TWN	+ 0.93	LSSCX
TWN	+ 0.93	CSSZX
FOF	+ 0.9	LSSCX
GSXIX	+ 0.9	CSSZX

High negative correlations

TWN	- 0.28	WMKGX
GSXIX	- 0.27	WMKGX
CSSZX	- 0.23	WMKGX
LSSCX	- 0.23	WMKGX
FOF	- 0.2	WMKGX

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
WMKGX	0.58	(0.05)	(0.07)	0.01	0.82	(0.58)	1.14	(1.46)	3.73
LSSCX	0.70	0.12	0.15	0.19	0.61	(0.79)	2.09	(1.52)	5.21
CSSZX	0.85	0.30	0.33	0.44	0.34	(1.06)	2.14	(1.45)	9.81
NOLCX	0.67	0.11	0.12	0.21	0.52	(0.81)	0.99	(1.12)	11.40
GSXIX	0.80	0.06	0.07	0.13	0.76	(0.91)	1.67	(1.51)	4.87
CAGIX	0.48	0.03	0.01	0.11	0.48	(0.55)	0.99	(0.98)	2.99
FOF	0.68	0.18	0.13	0.71	0.70	(0.76)	1.59	(1.27)	6.26
TWN	1.17	0.47	0.39	1.45	0.64	(1.49)	2.51	(1.43)	6.35

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