Meridian Small Correlations

Mutual Funds . USA . 
Fund . Meridian Small Cap
MSGCX Fund  USD 10.47  0.04  0.38%   
The current 90-days correlation between Meridian Small Cap and Wesmark Growth Fund is 0.61 (i.e., Poor 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

Very weak diversification

The correlation between Meridian Small Cap and DJI is 0.46 (i.e., Very weak 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

  0.81MRAEX Meridian Equity IncomePairCorr
  0.99MRAGX Meridian GrowthPairCorr
  0.98MRCEX Meridian Equity IncomePairCorr
  0.99MRCGX Meridian GrowthPairCorr
  0.98MRIEX Meridian Equity IncomePairCorr
  0.86MRIGX Meridian GrowthPairCorr
  0.82MRRGX Meridian GrowthPairCorr
  0.87MSGAX Meridian Small CapPairCorr
  0.76MSGGX Meridian Small CapPairCorr
  1.0MSGRX Meridian Small CapPairCorr
  0.83MVALX Meridian ContrarianPairCorr
  0.98MEIFX Meridian Equity IncomePairCorr
  0.99MERDX Meridian GrowthPairCorr
  0.98MFCAX Meridian ContrarianPairCorr
  0.83MFCIX Meridian ContrarianPairCorr
  1.0MISGX Meridian Small CapPairCorr
  0.83VSGAX Vanguard Small CapPairCorr
  0.83VSGIX Vanguard Small CapPairCorr
  0.68VISGX Vanguard Small CapPairCorr
  0.82VEXPX Vanguard ExplorerPairCorr
  0.67VEXRX Vanguard ExplorerPairCorr
  0.74JGMIX Janus TritonPairCorr
  0.74JGMRX Janus TritonPairCorr
  0.84JGMAX Janus TritonPairCorr
  0.83JGMCX Janus TritonPairCorr
  0.84JGMNX Janus TritonPairCorr
  0.8FSMMX Fs Multi StrategyPairCorr
  0.77BTMPX Ishares Msci EafePairCorr
  0.9BTMKX Blackrock InternationalPairCorr
  0.77MDIIX Blackrock Intern IndexPairCorr
  0.66APHEX Artisan Emerging MarketsPairCorr
  0.75IPEIX Voya Large CapPairCorr
  0.84PFANX Pimco Capital SecPairCorr
  0.8SAMVX Ridgeworth Ceredex MidPairCorr
  0.87FATTX American Funds 2045PairCorr

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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