Meridian Contrarian Correlations

MFCCX Fund

USD 39.10 0.35 0.89%

The current 90-days correlation between Meridian Contrarian and Lebenthal Lisanti Small is 0.89 (i.e., Very poor diversification). The correlation of Meridian Contrarian 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 Contrarian Correlation With Market

Poor diversification

The correlation between Meridian Trarian Fund and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Meridian Trarian 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 Trarian 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 private.

Moving together with Meridian Mutual Fund

0.64	MSGAX	Meridian Small Cap	Pair Corr
0.62	MSGCX	Meridian Small Cap	Pair Corr
0.64	MSGGX	Meridian Small Cap	Pair Corr
1.0	MVALX	Meridian Contrarian	Pair Corr
0.84	MFCAX	Meridian Contrarian	Pair Corr
1.0	MFCIX	Meridian Contrarian	Pair Corr
0.7	VSMAX	Vanguard Small Cap	Pair Corr
0.7	VSCIX	Vanguard Small Cap	Pair Corr
0.7	VSCPX	Vanguard Small Cap	Pair Corr
0.9	FSSNX	Fidelity Small Cap	Pair Corr
0.62	PRVIX	T Rowe Price	Pair Corr
0.62	PRSVX	T Rowe Price	Pair Corr
0.7	SMPIX	Semiconductor Ultrasector Steady Growth	Pair Corr
0.71	FELIX	Fidelity Advisor Sem	Pair Corr
0.69	ONERX	One Rock Fund Steady Growth	Pair Corr
0.8	RYVYX	Nasdaq 100 2x Steady Growth	Pair Corr
0.68	RYVLX	Nasdaq 100 2x Steady Growth	Pair Corr
0.72	FSELX	Fidelity Select Semi	Pair Corr

Related Correlations Analysis

	ASCGX	SECAX	OWSMX	PHTYX	LMBMX	DFUKX	RTOUX	ARTSX
ASCGX		0.79	0.62	0.8	0.9	0.56	0.53	0.66	ASCGX
SECAX	0.79		0.87	0.54	0.84	0.56	0.89	0.55	SECAX
OWSMX	0.62	0.87		0.45	0.71	0.68	0.88	0.5	OWSMX
PHTYX	0.8	0.54	0.45		0.8	0.38	0.26	0.74	PHTYX
LMBMX	0.9	0.84	0.71	0.8		0.42	0.66	0.66	LMBMX
DFUKX	0.56	0.56	0.68	0.38	0.42		0.5	0.43	DFUKX
RTOUX	0.53	0.89	0.88	0.26	0.66	0.5		0.41	RTOUX
ARTSX	0.66	0.55	0.5	0.74	0.66	0.43	0.41		ARTSX
	ASCGX	SECAX	OWSMX	PHTYX	LMBMX	DFUKX	RTOUX	ARTSX

Risk-Adjusted Indicators

There is a big difference between Meridian Mutual Fund performing well and Meridian Contrarian 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 Contrarian'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
ASCGX	1.32	0.00	0.02	0.04	1.77	(1.33)	3.03	(2.67)	9.37
SECAX	0.89	(0.02)	0.00	0.03	1.13	(0.92)	2.19	(1.71)	5.26
OWSMX	0.60	(0.03)	(0.04)	0.01	0.77	(0.62)	1.26	(1.24)	3.65
PHTYX	0.49	0.02	0.02	0.07	0.65	(0.48)	1.02	(1.00)	3.22
LMBMX	0.94	0.00	0.02	0.05	1.08	(1.01)	2.20	(1.89)	5.49
DFUKX	0.76	(0.01)	(0.05)	0.00	0.88	(0.84)	1.56	(1.18)	3.79
RTOUX	0.78	(0.04)	(0.03)	0.01	1.05	(0.76)	1.79	(1.42)	4.73
ARTSX	0.92	0.10	0.05	0.51	1.17	(0.93)	1.99	(1.90)	5.18

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Meridian Contrarian Correlations

Meridian Contrarian Correlation With Market

Poor diversification

Moving together with Meridian Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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