Meridian Equity Income Fund Market Value
| MRAEX Fund | USD 14.83 0.14 0.95% |
| Symbol | Meridian |
Meridian Equity 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Meridian Equity's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Meridian Equity.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Meridian Equity on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Meridian Equity Income or generate 0.0% return on investment in Meridian Equity over 30 days. Meridian Equity is related to or competes with Siit High, Pioneer High, Dunham High, American Century, Pace High, Multi Manager, and Gmo High. The fund will invest at least 80 percent of its net assets in long or short positions in equity securities More
Meridian Equity Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Meridian Equity's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Meridian Equity Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4846 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 1.7 | |||
| Value At Risk | (0.64) | |||
| Potential Upside | 0.8253 |
Meridian Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Meridian Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Meridian Equity's standard deviation. In reality, there are many statistical measures that can use Meridian Equity historical prices to predict the future Meridian Equity's volatility.| Risk Adjusted Performance | 0.1135 | |||
| Jensen Alpha | 0.068 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | (1.62) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Meridian Equity's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Meridian Equity Income Backtested Returns
At this stage we consider Meridian Mutual Fund to be very steady. Meridian Equity Income has Sharpe Ratio of 0.16, which conveys that the entity had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Meridian Equity, which you can use to evaluate the volatility of the fund. Please verify Meridian Equity's Downside Deviation of 0.4846, mean deviation of 0.3782, and Risk Adjusted Performance of 0.1135 to check out if the risk estimate we provide is consistent with the expected return of 0.0733%. The fund secures a Beta (Market Risk) of -0.0392, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Meridian Equity are expected to decrease at a much lower rate. During the bear market, Meridian Equity is likely to outperform the market.
Auto-correlation | 0.58 |
Modest predictability
Meridian Equity Income has modest predictability. Overlapping area represents the amount of predictability between Meridian Equity time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Meridian Equity Income price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Meridian Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Meridian Equity Income lagged returns against current returns
Autocorrelation, which is Meridian Equity mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Meridian Equity's mutual fund expected returns. We can calculate the autocorrelation of Meridian Equity returns to help us make a trade decision. For example, suppose you find that Meridian Equity has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Meridian Equity regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Meridian Equity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Meridian Equity mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Meridian Equity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Meridian Equity Lagged Returns
When evaluating Meridian Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Meridian Equity mutual fund have on its future price. Meridian Equity autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Meridian Equity autocorrelation shows the relationship between Meridian Equity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Meridian Equity Income.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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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