Meridian Equity Income Fund Price on November 25, 2024
| MRCEX Fund | USD 14.15 0.09 0.63% |
Below is the normalized historical share price chart for Meridian Equity Income extending back to July 02, 2015. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Meridian Equity stands at 14.15, as last reported on the 28th of November, with the highest price reaching 14.15 and the lowest price hitting 14.15 during the day.
If you're considering investing in Meridian Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Meridian Mutual Fund to be very steady. Meridian Equity Income has Sharpe Ratio of 0.15, which conveys that the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Meridian Equity, which you can use to evaluate the volatility of the fund. Please verify Meridian Equity's Downside Deviation of 0.4696, mean deviation of 0.3759, and Risk Adjusted Performance of 0.1289 to check out if the risk estimate we provide is consistent with the expected return of 0.0699%.
Meridian Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Meridian |
Sharpe Ratio = 0.1488
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Estimated Market Risk
| 0.47 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.07 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Meridian Equity is performing at about 11% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Meridian Equity by adding it to a well-diversified portfolio.
Meridian Equity Valuation on November 25, 2024
It is possible to determine the worth of Meridian Equity on a given historical date. On November 25, 2024 Meridian was worth 14.2 at the beginning of the trading date compared to the closed value of 14.2. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Meridian Equity mutual fund. Still, in general, we apply an absolute valuation method to find Meridian Equity's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Meridian Equity where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Meridian Equity's related companies.
| Open | High | Low | Close | Volume | |
| 14.12 | 14.12 | 14.12 | 14.12 | 1.00 | |
11/25/2024 | 14.20 | 14.20 | 14.20 | 14.20 | 1.00 |
| 14.24 | 14.24 | 14.24 | 14.24 | 1.00 |
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Meridian Equity Trading Date Momentum on November 25, 2024
| On November 26 2024 Meridian Equity Income was traded for 14.24 at the closing time. The highest daily price throughout the period was 14.24 and the lowest price was 14.24 . There was no trading activity during the period 1.0. Lack of trading volume on 11/26/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.28% . The trading delta at closing time to current closing price is 0.35% . |
Meridian Equity Income Fundamentals Correlations and Trends
By evaluating Meridian Equity's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Meridian Equity's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Meridian financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Meridian Equity Mutual Fund history
Meridian Equity investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Meridian is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Meridian Equity Income will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Meridian Equity stock prices may prove useful in developing a viable investing in Meridian Equity
The fund will invest at least 80 percent of its net assets in long or short positions in equity securities. Equity securities include, but are not limited to, common and preferred stocks as well as convertible securities, such as options, in domestic and foreign companies. It may invest up to 25 percent of its total assets, calculated at the time of purchase, in securities of foreign companies, including emerging market companies.
Meridian Equity Mutual Fund Technical Analysis
Meridian Equity technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Meridian Equity Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Meridian Equity Income cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Meridian Equity November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Meridian Equity mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Meridian Equity shares will generate the highest return on investment. By undertsting and applying Meridian Equity mutual fund market strength indicators, traders can identify Meridian Equity Income entry and exit signals to maximize returns
Meridian Equity Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Meridian Equity's price direction in advance. Along with the technical and fundamental analysis of Meridian Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Meridian to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1289 | |||
| Jensen Alpha | 0.025 | |||
| Total Risk Alpha | (0.0009) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | 0.1847 |
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Other Information on Investing in Meridian Mutual Fund
Meridian Equity financial ratios help investors to determine whether Meridian Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Meridian with respect to the benefits of owning Meridian Equity security.
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