Meridian Small Correlations

MSGGX Fund

USD 12.63 0.03 0.24%

The current 90-days correlation between Meridian Small Cap and Taiwan Closed is 0.14 (i.e., Average 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 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 census.

Moving together with Meridian Mutual Fund

0.67	MRAEX	Meridian Equity Income	Pair Corr
0.69	MRCEX	Meridian Equity Income	Pair Corr
0.76	MRIGX	Meridian Growth	Pair Corr
0.76	MRRGX	Meridian Growth	Pair Corr
0.77	MSGAX	Meridian Small Cap	Pair Corr
0.8	MSGCX	Meridian Small Cap	Pair Corr
0.73	MVALX	Meridian Contrarian	Pair Corr
0.7	MFCAX	Meridian Contrarian	Pair Corr
0.69	MFCCX	Meridian Contrarian	Pair Corr
0.73	MFCIX	Meridian Contrarian	Pair Corr
0.87	VSGAX	Vanguard Small Cap	Pair Corr
0.87	VSGIX	Vanguard Small Cap	Pair Corr
0.87	VISGX	Vanguard Small Cap	Pair Corr
0.87	VEXPX	Vanguard Explorer	Pair Corr
0.87	VEXRX	Vanguard Explorer	Pair Corr
0.79	JGMIX	Janus Triton	Pair Corr
0.79	JGMRX	Janus Triton	Pair Corr
0.78	JGMAX	Janus Triton	Pair Corr
0.78	JGMCX	Janus Triton	Pair Corr
0.8	JGMNX	Janus Triton	Pair Corr
0.71	ASG	Liberty All Star	Pair Corr
0.67	CII	Blackrock Enhanced	Pair Corr
0.81	ETV	Eaton Vance Tax	Pair Corr
0.72	CLM	Cornerstone Strategic	Pair Corr
0.75	CRF	Cornerstone Total Return	Pair Corr
0.87	USA	Liberty All Star	Pair Corr
0.78	NFJ	Virtus Dividend Interest	Pair Corr
0.71	FOTKX	Fidelity Freedom 2010	Pair Corr
0.72	FFFTX	Fidelity Advisor Freedom	Pair Corr
0.65	LDMYX	Lord Abbett Emerging	Pair Corr
0.71	NUGIX	Nuveen Santa Barbara	Pair Corr
0.67	MGFZX	Massmutual Premier Global	Pair Corr
0.68	MFJAX	Mfs Lifetime 2060	Pair Corr

Moving against Meridian Mutual Fund

0.65

IFN

India Closed

Pair Corr

Related Correlations Analysis

	WMKGX	LSSCX	CSSZX	NOLCX	GSXIX	CAGIX	FOF	TWN
WMKGX		0.74	0.64	0.71	0.69	0.88	0.64	0.78	WMKGX
LSSCX	0.74		0.93	0.81	0.91	0.94	0.89	0.88	LSSCX
CSSZX	0.64	0.93		0.85	0.89	0.88	0.84	0.86	CSSZX
NOLCX	0.71	0.81	0.85		0.74	0.89	0.83	0.86	NOLCX
GSXIX	0.69	0.91	0.89	0.74		0.85	0.75	0.71	GSXIX
CAGIX	0.88	0.94	0.88	0.89	0.85		0.89	0.92	CAGIX
FOF	0.64	0.89	0.84	0.83	0.75	0.89		0.83	FOF
TWN	0.78	0.88	0.86	0.86	0.71	0.92	0.83		TWN
	WMKGX	LSSCX	CSSZX	NOLCX	GSXIX	CAGIX	FOF	TWN

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	0.61	(0.01)	(0.02)	0.06	0.85	(0.60)	1.23	(1.46)	3.72
LSSCX	0.76	0.05	0.06	0.12	0.87	(0.84)	2.09	(1.52)	4.33
CSSZX	0.87	0.19	0.20	0.28	0.61	(1.08)	2.14	(1.45)	9.81
NOLCX	0.68	0.15	0.15	0.26	0.53	(0.77)	1.29	(1.12)	11.40
GSXIX	0.84	(0.01)	0.00	0.06	0.98	(0.92)	1.56	(1.81)	4.58
CAGIX	0.49	0.02	0.01	0.10	0.56	(0.52)	0.99	(0.99)	3.10
FOF	0.53	0.14	0.13	0.44	0.44	(0.59)	1.26	(0.93)	2.96
TWN	1.02	0.18	0.12	0.60	0.93	(1.17)	2.09	(1.56)	4.32

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