Meridian Growth Fund Price on October 3, 2024
| MRCGX Fund | USD 33.79 0.07 0.21% |
Below is the normalized historical share price chart for Meridian Growth Fund 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 Growth stands at 33.79, as last reported on the 30th of November, with the highest price reaching 33.79 and the lowest price hitting 33.79 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 Growth has Sharpe Ratio of 0.14, which conveys that the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Meridian Growth, which you can use to evaluate the volatility of the fund. Please verify Meridian Growth's Downside Deviation of 0.9579, mean deviation of 0.7261, and Risk Adjusted Performance of 0.0782 to check out if the risk estimate we provide is consistent with the expected return of 0.13%.
Meridian Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Meridian |
Sharpe Ratio = 0.14
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Estimated Market Risk
| 0.94 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.13 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average Meridian Growth 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 Growth by adding it to a well-diversified portfolio.
Meridian Growth Valuation on October 3, 2024
It is possible to determine the worth of Meridian Growth on a given historical date. On October 3, 2024 Meridian was worth 31.25 at the beginning of the trading date compared to the closed value of 31.25. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Meridian Growth mutual fund. Still, in general, we apply an absolute valuation method to find Meridian Growth'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 Growth where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Meridian Growth's related companies.
| Open | High | Low | Close | Volume | |
| 31.57 | 31.57 | 31.57 | 31.57 | 1.00 | |
10/03/2024 | 31.25 | 31.25 | 31.25 | 31.25 | 1.00 |
| 31.51 | 31.51 | 31.51 | 31.51 | 1.00 |
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Meridian Growth Trading Date Momentum on October 3, 2024
| On October 04 2024 Meridian Growth Fund was traded for 31.51 at the closing time. The highest daily price throughout the period was 31.51 and the lowest price was 31.51 . There was no trading activity during the period 1.0. Lack of trading volume on 10/04/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.83% . The trading delta at closing time to current closing price is 1.57% . |
Meridian Growth Fundamentals Correlations and Trends
By evaluating Meridian Growth'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 Growth'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 Growth Mutual Fund history
Meridian Growth 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 Growth 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 Growth stock prices may prove useful in developing a viable investing in Meridian Growth
Under normal circumstances, the fund emphasizes small- and mid-capitalization growth companies that the Investment Adviser believes may have prospects for above-average growth in revenues and earnings because of many factors, including high sales growth, high unit growth, industry growth, high or improving returns on assets and equity and a strong balance sheet. 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 Growth Mutual Fund Technical Analysis
Meridian Growth 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 Growth Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Meridian Growth Fund 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 Growth November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Meridian Growth 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 Growth shares will generate the highest return on investment. By undertsting and applying Meridian Growth mutual fund market strength indicators, traders can identify Meridian Growth Fund entry and exit signals to maximize returns
Meridian Growth Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Meridian Growth'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 | 0.0782 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0781 |
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Other Information on Investing in Meridian Mutual Fund
Meridian Growth 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 Growth security.
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