Meridian Small Cap Fund Market Value
| MSGCX Fund | USD 11.94 0.20 1.65% |
| Symbol | Meridian |
Meridian Small '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 Small'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 Small.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Meridian Small on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Meridian Small Cap or generate 0.0% return on investment in Meridian Small over 360 days. Meridian Small is related to or competes with Invesco Corporate, Invesco Comstock, Invesco Growth, Invesco Equity, and Invesco Quality. The fund seeks long-term growth of capital by investing, under normal circumstances, at least 80 percent of its net asse... More
Meridian Small 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 Small'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 Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9615 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 5.48 | |||
| Value At Risk | (1.43) | |||
| Potential Upside | 1.62 |
Meridian Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Meridian Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Meridian Small's standard deviation. In reality, there are many statistical measures that can use Meridian Small historical prices to predict the future Meridian Small's volatility.| Risk Adjusted Performance | 0.0729 | |||
| Jensen Alpha | 0.082 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 2.07 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Meridian Small'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 Small Cap Backtested Returns
At this stage we consider Meridian Mutual Fund to be very steady. Meridian Small Cap has Sharpe Ratio of 0.0611, which conveys that the entity had a 0.0611% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Meridian Small, which you can use to evaluate the volatility of the fund. Please verify Meridian Small's Mean Deviation of 0.7934, risk adjusted performance of 0.0729, and Downside Deviation of 0.9615 to check out if the risk estimate we provide is consistent with the expected return of 0.0646%. The fund secures a Beta (Market Risk) of 0.042, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Meridian Small's returns are expected to increase less than the market. However, during the bear market, the loss of holding Meridian Small is expected to be smaller as well.
Auto-correlation | 0.54 |
Modest predictability
Meridian Small Cap has modest predictability. Overlapping area represents the amount of predictability between Meridian Small time series from 30th of November 2023 to 28th of May 2024 and 28th of May 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 Small Cap price movement. The serial correlation of 0.54 indicates that about 54.0% of current Meridian Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Meridian Small Cap lagged returns against current returns
Autocorrelation, which is Meridian Small 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 Small's mutual fund expected returns. We can calculate the autocorrelation of Meridian Small returns to help us make a trade decision. For example, suppose you find that Meridian Small 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 Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Meridian Small 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 Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Meridian Small Lagged Returns
When evaluating Meridian Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Meridian Small mutual fund have on its future price. Meridian Small 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 Small autocorrelation shows the relationship between Meridian Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Meridian Small Cap.
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 Small 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 Small security.
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