Meridian Growth Correlations

MRCGX Fund

USD 29.61 0.41 1.40%

The current 90-days correlation between Meridian Growth and Meridian Equity Income is 0.65 (i.e., Poor 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

Significant diversification

The correlation between Meridian Growth Fund and DJI is 0.03 (i.e., Significant 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 rate.

Moving together with Meridian Mutual Fund

0.83

MRIEX

Meridian Equity Income

Pair Corr

Moving against Meridian Mutual Fund

0.31	SRINX	Columbia Porate Income	Pair Corr
0.73	THIMX	Thornburg Intermediate	Pair Corr
0.67	MOTIX	Bny Mellon Municipal	Pair Corr
0.55	SEATX	Stet Tax Advantaged	Pair Corr
0.47	GSDCX	Goldman Sachs Short	Pair Corr
0.43	LFRRX	Lord Abbett Inv	Pair Corr
0.36	DFALX	Large Cap International	Pair Corr
0.32	NOIEX	Northern Income Equity	Pair Corr
0.32	FEGIX	First Eagle Gold	Pair Corr
0.55	GERAX	Goldman Sachs Emerging	Pair Corr
0.55	ESFHX	Eaton Vance Floating	Pair Corr
0.51	AIENX	Strategic Enhanced Yield	Pair Corr
0.5	VGSBX	Vy Goldman Sachs	Pair Corr
0.5	JHBSX	John Hancock Bond	Pair Corr
0.5	DHGCX	Dreyfusstandish Global	Pair Corr

Related Correlations Analysis

	MRAEX	MRAGX	MRCEX	MRCGX	MRIEX	MRIGX	MSGAX	MSGCX	MSGGX
MRAEX		0.9	1.0	0.9	0.81	0.78	0.55	0.57	0.54	MRAEX
MRAGX	0.9		0.9	1.0	0.83	0.89	0.6	0.62	0.59	MRAGX
MRCEX	1.0	0.9		0.9	0.81	0.78	0.54	0.56	0.53	MRCEX
MRCGX	0.9	1.0	0.9		0.83	0.89	0.6	0.62	0.59	MRCGX
MRIEX	0.81	0.83	0.81	0.83		0.89	0.64	0.66	0.64	MRIEX
MRIGX	0.78	0.89	0.78	0.89	0.89		0.71	0.73	0.7	MRIGX
MSGAX	0.55	0.6	0.54	0.6	0.64	0.71		1.0	1.0	MSGAX
MSGCX	0.57	0.62	0.56	0.62	0.66	0.73	1.0		1.0	MSGCX
MSGGX	0.54	0.59	0.53	0.59	0.64	0.7	1.0	1.0		MSGGX
	MRAEX	MRAGX	MRCEX	MRCGX	MRIEX	MRIGX	MSGAX	MSGCX	MSGGX

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.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
MRAEX	0.50	(0.04)	(1.50)	0.99	(1.06)	2.97
MRAGX	0.82	(0.06)	(1.40)	1.74	(1.79)	5.03
MRCEX	0.51	(0.04)	(1.59)	1.05	(1.04)	2.99
MRCGX	0.83	(0.06)	(1.37)	1.73	(1.83)	5.06
MRIEX	0.50	(0.02)	(0.62)	1.03	(1.02)	2.94
MRIGX	0.83	(0.06)	(0.82)	1.75	(1.82)	5.06
MSGAX	0.90	(0.03)	0.77	1.85	(1.77)	5.44
MSGCX	0.90	(0.03)	0.64	1.87	(1.89)	5.49
MSGGX	0.90	(0.02)	0.77	1.85	(1.74)	5.50

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