Meridian Contrarian Correlations

Mutual Funds . USA . 
Fund . Meridian Trarian Fund
MVALX Fund  USD 42.23  0.61  1.47%   
The current 90-days correlation between Meridian Contrarian and Meridian Growth Fund is 0.88 (i.e., Very poor diversification). The correlation of Meridian Contrarian 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 Contrarian Correlation With Market

Very poor diversification

The correlation between Meridian Trarian Fund and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Meridian Trarian Fund 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 Trarian Fund. 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 bureau of economic analysis.

Moving together with Meridian Mutual Fund

  0.82MRAEX Meridian Equity IncomePairCorr
  0.88MRAGX Meridian GrowthPairCorr
  0.82MRCEX Meridian Equity IncomePairCorr
  0.87MRCGX Meridian GrowthPairCorr
  0.85MRIEX Meridian Equity IncomePairCorr
  0.88MRIGX Meridian GrowthPairCorr
  0.8MRRGX Meridian GrowthPairCorr
  0.83MSGAX Meridian Small CapPairCorr
  0.83MSGCX Meridian Small CapPairCorr
  0.83MSGGX Meridian Small CapPairCorr
  0.83MSGRX Meridian Small CapPairCorr
  0.82MEIFX Meridian Equity IncomePairCorr
  0.88MERDX Meridian GrowthPairCorr
  0.93MFCAX Meridian ContrarianPairCorr
  1.0MFCCX Meridian ContrarianPairCorr
  1.0MFCIX Meridian ContrarianPairCorr
  0.83MISGX Meridian Small CapPairCorr
  0.95VIMAX Vanguard Mid CapPairCorr
  0.95VIMSX Vanguard Mid CapPairCorr
  0.9VMCPX Vanguard Mid CapPairCorr
  0.95VMCIX Vanguard Mid CapPairCorr
  0.93VEXAX Vanguard Extended MarketPairCorr
  0.97VEMPX Vanguard Extended MarketPairCorr
  0.93VIEIX Vanguard Extended MarketPairCorr
  0.97VSEMX Vanguard Extended MarketPairCorr
  0.97VEXMX Vanguard Extended MarketPairCorr
  0.93FSMAX Fidelity Extended MarketPairCorr
  0.94VTSAX Vanguard Total StockPairCorr
  0.88VFIAX Vanguard 500 IndexPairCorr
  0.94VTSMX Vanguard Total StockPairCorr
  0.94VSMPX Vanguard Total StockPairCorr
  0.94VSTSX Vanguard Total StockPairCorr
  0.89VITSX Vanguard Total StockPairCorr
  0.88VFINX Vanguard 500 IndexPairCorr
  0.93VFFSX Vanguard 500 IndexPairCorr
  0.93VINIX Vanguard InstitutionalPairCorr
  0.94TIGGX Goldman Sachs TaxPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Meridian Mutual Fund performing well and Meridian Contrarian 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 Contrarian'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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