Meridian Small Correlations

MSGGX Fund

USD 12.09 0.10 0.83%

The current 90-days correlation between Meridian Small Cap and Allianzgi Equity Convertible is 0.71 (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 0.5 (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 census.

Moving together with Meridian Mutual Fund

0.63	MRAGX	Meridian Growth	Pair Corr
0.66	MRCGX	Meridian Growth	Pair Corr
0.69	MRIGX	Meridian Growth	Pair Corr
0.69	MRRGX	Meridian Growth	Pair Corr
0.66	MSGAX	Meridian Small Cap	Pair Corr
0.7	MSGCX	Meridian Small Cap	Pair Corr
0.74	MSGRX	Meridian Small Cap	Pair Corr
0.69	MERDX	Meridian Growth	Pair Corr
0.73	MISGX	Meridian Small Cap	Pair Corr
0.7	VSGAX	Vanguard Small Cap	Pair Corr
0.7	VSGIX	Vanguard Small Cap	Pair Corr
0.71	VISGX	Vanguard Small Cap	Pair Corr
0.67	VEXPX	Vanguard Explorer	Pair Corr
0.67	VEXRX	Vanguard Explorer	Pair Corr
0.68	JGMIX	Janus Triton	Pair Corr
0.68	JGMRX	Janus Triton	Pair Corr
0.64	JGMAX	Janus Triton	Pair Corr
0.68	JGMCX	Janus Triton	Pair Corr
0.68	JGMNX	Janus Triton	Pair Corr
0.73	VSMPX	Vanguard Total Stock	Pair Corr
0.73	VITSX	Vanguard Total Stock	Pair Corr
0.72	VFIAX	Vanguard 500 Index	Pair Corr
0.72	VINIX	Vanguard Institutional	Pair Corr
0.74	RYCCX	Nasdaq 100 2x Potential Growth	Pair Corr

Moving against Meridian Mutual Fund

0.52

FFUIX

Fidelity Advisor Uti Steady Growth

Pair Corr

Related Correlations Analysis

	CMIDX	SWOBX	MINDX	BCSIX	PXSIX	BTO	MIJFX	FFSIX	NIE
CMIDX		0.73	0.03	-0.43	0.78	0.67	0.9	0.38	0.78	CMIDX
SWOBX	0.73		0.27	-0.75	0.78	0.76	0.8	0.67	0.94	SWOBX
MINDX	0.03	0.27		-0.54	0.31	0.25	0.19	0.54	0.29	MINDX
BCSIX	-0.43	-0.75	-0.54		-0.75	-0.8	-0.65	-0.82	-0.71	BCSIX
PXSIX	0.78	0.78	0.31	-0.75		0.92	0.86	0.8	0.85	PXSIX
BTO	0.67	0.76	0.25	-0.8	0.92		0.82	0.77	0.77	BTO
MIJFX	0.9	0.8	0.19	-0.65	0.86	0.82		0.5	0.78	MIJFX
FFSIX	0.38	0.67	0.54	-0.82	0.8	0.77	0.5		0.75	FFSIX
NIE	0.78	0.94	0.29	-0.71	0.85	0.77	0.78	0.75		NIE
	CMIDX	SWOBX	MINDX	BCSIX	PXSIX	BTO	MIJFX	FFSIX	NIE

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

NIE	+ 0.94	SWOBX
BTO	+ 0.92	PXSIX
MIJFX	+ 0.9	CMIDX
MIJFX	+ 0.86	PXSIX
NIE	+ 0.85	PXSIX
MIJFX	+ 0.82	BTO

High negative correlations

FFSIX	- 0.82	BCSIX
BTO	- 0.8	BCSIX
PXSIX	- 0.75	BCSIX
BCSIX	- 0.75	SWOBX
NIE	- 0.71	BCSIX
MIJFX	- 0.65	BCSIX

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
CMIDX	0.91	(0.01)	0.00	0.03	1.04	(1.01)	1.57	(1.85)	5.05
SWOBX	0.41	0.06	0.03	(1.90)	0.42	(0.46)	1.12	(0.86)	2.99
MINDX	0.74	0.03	0.00	0.35	0.84	(0.86)	1.42	(1.54)	10.76
BCSIX	2.11	(1.10)	0.00	(0.57)	0.00	0.00	1.91	(3.03)	55.13
PXSIX	0.81	0.07	0.08	0.10	0.83	(0.93)	1.88	(1.55)	4.89
BTO	0.88	0.17	0.19	0.21	0.67	(1.05)	2.95	(1.31)	5.52
MIJFX	0.90	0.11	0.10	0.15	0.88	(1.05)	2.24	(2.10)	6.83
FFSIX	0.78	0.01	0.01	0.05	0.96	(0.82)	1.71	(1.80)	4.25
NIE	0.53	0.02	0.00	0.07	0.57	(0.60)	1.35	(1.06)	2.57

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC