Meridian Small Cap Fund Market Value
| MSGRX Fund | USD 13.79 0.03 0.22% |
| 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.
| 01/30/2023 |
| 01/19/2025 |
If you would invest 0.00 in Meridian Small on January 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 720 days. Meridian Small is related to or competes with Invesco Porate, Invesco Stock, 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 | 0.9415 | |||
| Information Ratio | 0.0198 | |||
| Maximum Drawdown | 7.06 | |||
| Value At Risk | (1.36) | |||
| 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 | 0.0431 | |||
| Jensen Alpha | 0.0314 | |||
| Total Risk Alpha | 0.016 | |||
| Sortino Ratio | 0.021 | |||
| Treynor Ratio | 0.0957 |
Meridian Small Cap Backtested Returns
At this stage we consider Meridian Mutual Fund to be very steady. Meridian Small Cap has Sharpe Ratio of 0.0397, which conveys that the entity had a 0.0397% 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 Risk Adjusted Performance of 0.0431, downside deviation of 0.9415, and Mean Deviation of 0.706 to check out if the risk estimate we provide is consistent with the expected return of 0.0406%. The fund secures a Beta (Market Risk) of 0.41, which conveys possible diversification benefits within a given portfolio. 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 | -0.27 |
Weak reverse predictability
Meridian Small Cap has weak reverse predictability. Overlapping area represents the amount of predictability between Meridian Small time series from 30th of January 2023 to 25th of January 2024 and 25th of January 2024 to 19th of January 2025. 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 -0.27 indicates that nearly 27.0% of current Meridian Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.36 |
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 |
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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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