Meridian Equity Correlations
| MRIEX Fund | USD 13.11 0.05 0.38% |
The current 90-days correlation between Meridian Equity Income and Blue Current Global is 0.26 (i.e., Modest 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
Modest diversification
The correlation between Meridian Equity Income and DJI is 0.24 (i.e., Modest 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.
Meridian |
Moving together with Meridian Mutual Fund
| 1.0 | MRAEX | Meridian Equity Income | PairCorr |
| 1.0 | MRCEX | Meridian Equity Income | PairCorr |
| 1.0 | MEIFX | Meridian Equity Income | PairCorr |
| 0.62 | MFCCX | Meridian Contrarian | PairCorr |
Related Correlations Analysis
| 0.61 | 0.68 | 0.73 | 0.62 | 0.8 | BCGDX | ||
| 0.61 | 0.73 | 0.86 | 0.93 | 0.89 | TBCUX | ||
| 0.68 | 0.73 | 0.93 | 0.87 | 0.92 | ANAGX | ||
| 0.73 | 0.86 | 0.93 | 0.89 | 0.97 | MFIRX | ||
| 0.62 | 0.93 | 0.87 | 0.89 | 0.92 | DBLGX | ||
| 0.8 | 0.89 | 0.92 | 0.97 | 0.92 | LFLCX | ||
| 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 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BCGDX | 0.64 | 0.05 | 0.08 | 0.02 | 0.93 | 1.28 | 3.69 | |||
| TBCUX | 0.60 | 0.13 | 0.22 | 0.29 | 0.56 | 1.49 | 4.33 | |||
| ANAGX | 0.18 | 0.00 | 0.22 | (0.03) | 0.19 | 0.44 | 1.46 | |||
| MFIRX | 0.11 | 0.02 | 0.29 | 0.92 | 0.00 | 0.19 | 0.77 | |||
| DBLGX | 0.22 | 0.01 | 0.26 | 0.19 | 0.19 | 0.48 | 1.21 | |||
| LFLCX | 0.18 | 0.01 | 0.31 | 0.08 | 0.15 | 0.43 | 0.98 |