Meridian Growth Fund Market Value
| MERDX Fund | USD 38.72 0.08 0.21% |
| Symbol | Meridian |
Meridian Growth '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 Growth'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 Growth.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Meridian Growth on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Meridian Growth Fund or generate 0.0% return on investment in Meridian Growth over 210 days. Meridian Growth is related to or competes with Qs Us, Fidelity Series, Vela Large, Qs Us, Dunham Large, and Tax-managed. Under normal circumstances, the fund emphasizes small- and mid-capitalization growth companies that the Investment Advis... More
Meridian Growth 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 Growth'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 Growth Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9521 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 5.81 | |||
| Value At Risk | (1.38) | |||
| Potential Upside | 1.43 |
Meridian Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Meridian Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Meridian Growth's standard deviation. In reality, there are many statistical measures that can use Meridian Growth historical prices to predict the future Meridian Growth's volatility.| Risk Adjusted Performance | 0.0801 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0802 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Meridian Growth'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 Growth Backtested Returns
At this stage we consider Meridian Mutual Fund to be very steady. Meridian Growth has Sharpe Ratio of 0.14, which conveys that the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Meridian Growth, which you can use to evaluate the volatility of the fund. Please verify Meridian Growth's Risk Adjusted Performance of 0.0801, mean deviation of 0.7257, and Downside Deviation of 0.9521 to check out if the risk estimate we provide is consistent with the expected return of 0.13%. The fund secures a Beta (Market Risk) of 1.13, which conveys a somewhat significant risk relative to the market. Meridian Growth returns are very sensitive to returns on the market. As the market goes up or down, Meridian Growth is expected to follow.
Auto-correlation | 0.17 |
Very weak predictability
Meridian Growth Fund has very weak predictability. Overlapping area represents the amount of predictability between Meridian Growth time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd of December 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 Growth price movement. The serial correlation of 0.17 indicates that over 17.0% of current Meridian Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.93 |
Meridian Growth lagged returns against current returns
Autocorrelation, which is Meridian Growth 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 Growth's mutual fund expected returns. We can calculate the autocorrelation of Meridian Growth returns to help us make a trade decision. For example, suppose you find that Meridian Growth 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 Growth 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 Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Meridian Growth 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 Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Meridian Growth Lagged Returns
When evaluating Meridian Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Meridian Growth mutual fund have on its future price. Meridian Growth 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 Growth autocorrelation shows the relationship between Meridian Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Meridian Growth Fund.
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 Growth 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 Growth security.
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