Meridian Equity Correlations

MRIEX Fund

USD 13.21 0.08 0.60%

The current 90-days correlation between Meridian Equity Income and Vy Goldman Sachs is 0.11 (i.e., Average diversification). The correlation of Meridian Equity 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 Equity Correlation With Market

Average diversification

The correlation between Meridian Equity Income and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Meridian Equity Income 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 Equity Income. 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 income.

Moving together with Meridian Mutual Fund

0.69	MRAEX	Meridian Equity Income	Pair Corr
0.68	MRCEX	Meridian Equity Income	Pair Corr
0.66	MRCGX	Meridian Growth	Pair Corr
0.93	MVALX	Meridian Contrarian	Pair Corr
0.69	MEIFX	Meridian Equity Income	Pair Corr
0.91	MFCAX	Meridian Contrarian	Pair Corr
0.71	MISGX	Meridian Small Cap	Pair Corr
0.64	RYCCX	Nasdaq 100 2x	Pair Corr
0.89	BIPIX	Biotechnology Ultrasector	Pair Corr

Related Correlations Analysis

	VGSBX	EKWYX	USERX	OGMCX	UIPMX	FRGOX
VGSBX		0.26	0.34	0.35	0.28	0.24	VGSBX
EKWYX	0.26		0.95	0.96	1.0	1.0	EKWYX
USERX	0.34	0.95		0.94	0.96	0.96	USERX
OGMCX	0.35	0.96	0.94		0.96	0.96	OGMCX
UIPMX	0.28	1.0	0.96	0.96		0.99	UIPMX
FRGOX	0.24	1.0	0.96	0.96	0.99		FRGOX
	VGSBX	EKWYX	USERX	OGMCX	UIPMX	FRGOX

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Risk-Adjusted Indicators

There is a big difference between Meridian Mutual Fund performing well and Meridian Equity 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 Equity'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VGSBX	0.22	0.01	0.27	(0.22)	0.18	(0.27)	0.43	(0.43)	1.83
EKWYX	1.33	0.11	0.08	0.21	1.73	(1.35)	2.60	(3.17)	7.41
USERX	1.24	0.05	0.07	(0.50)	1.60	(1.34)	2.62	(2.98)	7.07
OGMCX	1.25	0.02	0.00	(0.02)	0.00	0.00	2.62	(3.21)	7.38
UIPMX	1.22	0.12	0.09	0.23	1.58	(1.25)	2.56	(3.11)	7.10
FRGOX	1.24	0.14	0.10	0.20	1.53	(1.29)	2.77	(2.63)	6.75

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Meridian Equity Correlations

Meridian Equity Correlation With Market

Average diversification

Moving together with Meridian Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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