Meridian Growth Correlations

Mutual Funds . USA . 
Fund . Meridian Growth Fund
MERDX Fund  USD 34.27  0.08  0.23%   
The current 90-days correlation between Meridian Growth and Siit High Yield is 0.4 (i.e., Very weak diversification). The correlation of Meridian Growth is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Meridian Growth Correlation With Market

Poor diversification

The correlation between Meridian Growth Fund and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Meridian Growth Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Meridian Growth Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Meridian Mutual Fund

  1.0MRAGX Meridian GrowthPairCorr
  1.0MRIGX Meridian GrowthPairCorr
  1.0MRRGX Meridian GrowthPairCorr
  0.97MSGAX Meridian Small CapPairCorr
  0.97MSGGX Meridian Small CapPairCorr
  0.93MVALX Meridian TrarianPairCorr
  0.93MFCAX Meridian ContrarianPairCorr
  0.92MFCCX Meridian ContrarianPairCorr
  0.93MFCIX Meridian ContrarianPairCorr
  0.97VSGAX Vanguard Small CapPairCorr
  0.97VSGIX Vanguard Small CapPairCorr
  0.97VISGX Vanguard Small CapPairCorr
  0.86VEXPX Vanguard ExplorerPairCorr
  0.86VEXRX Vanguard ExplorerPairCorr
  0.98JGMIX Janus TritonPairCorr
  0.98JGMRX Janus TritonPairCorr
  0.98JGMAX Janus TritonPairCorr
  0.98JGMCX Janus TritonPairCorr
  0.98JGMNX Janus TritonPairCorr

Moving against Meridian Mutual Fund

  0.41SAEMX Sa Emerging MarketsPairCorr
  0.7GF New Germany ClosedPairCorr
  0.63VSGDX Vanguard Short TermPairCorr
  0.6USGDX Morgan Stanley GovernmentPairCorr
  0.56PSDNX Putnam Ultra ShortPairCorr
  0.56BISMX Brandes InternationalPairCorr
  0.55HRBDX Harbor Bond FundPairCorr
  0.52ABNOX Ab Bond InflationPairCorr
  0.5VICSX Vanguard Intermediate-terPairCorr
  0.5ARBOX Absolute ConvertiblePairCorr
  0.48EMBAX Unconstrained EmergingPairCorr
  0.4GIOIX Guggenheim Macro OppPairCorr
  0.34RMDUX American Funds MultiPairCorr
  0.34DLDFX Destinations Low DurationPairCorr
  0.32UTF Cohen And SteersPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Meridian Mutual Fund performing well and Meridian Growth Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Meridian Growth's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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