Meridian Growth Correlations

MERDX Fund

USD 38.72 0.08 0.21%

The current 90-days correlation between Meridian Growth and Lord Abbett Health is 0.69 (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

Very poor diversification

The correlation between Meridian Growth Fund and DJI is 0.87 (i.e., Very poor 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 unemployment.

Moving together with Meridian Mutual Fund

0.72	MRAEX	Meridian Equity Income	Pair Corr
1.0	MRAGX	Meridian Growth	Pair Corr
0.72	MRCEX	Meridian Equity Income	Pair Corr
1.0	MRCGX	Meridian Growth	Pair Corr
0.72	MRIEX	Meridian Equity Income	Pair Corr
1.0	MRIGX	Meridian Growth	Pair Corr
1.0	MRRGX	Meridian Growth	Pair Corr
0.98	MSGAX	Meridian Small Cap	Pair Corr
0.98	MSGCX	Meridian Small Cap	Pair Corr
0.98	MSGGX	Meridian Small Cap	Pair Corr
0.98	MSGRX	Meridian Small Cap	Pair Corr
0.92	MVALX	Meridian Contrarian	Pair Corr
0.72	MEIFX	Meridian Equity Income	Pair Corr
0.92	MFCAX	Meridian Contrarian	Pair Corr
0.92	MFCCX	Meridian Contrarian	Pair Corr
0.92	MFCIX	Meridian Contrarian	Pair Corr
0.98	MISGX	Meridian Small Cap	Pair Corr
0.91	VSGAX	Vanguard Small Cap	Pair Corr
0.91	VSGIX	Vanguard Small Cap	Pair Corr
0.91	VISGX	Vanguard Small Cap	Pair Corr
0.95	VEXPX	Vanguard Explorer	Pair Corr
0.95	VEXRX	Vanguard Explorer	Pair Corr
0.91	JGMIX	Janus Triton	Pair Corr
0.91	JGMRX	Janus Triton	Pair Corr
0.91	JGMAX	Janus Triton	Pair Corr
0.91	JGMCX	Janus Triton	Pair Corr
0.91	JGMNX	Janus Triton	Pair Corr
0.81	ILESX	Fisher Investments	Pair Corr
0.91	GAB	Gabelli Equity Trust	Pair Corr

Moving against Meridian Mutual Fund

0.57	GAAGX	Gmo Alternative Allo	Pair Corr
0.56	GAAKX	Gmo Alternative Allo	Pair Corr
0.44	GPBFX	Gmo E Plus	Pair Corr

Related Correlations Analysis

	LHCCX	LOGSX	FHCCX	GGHYX	AHSCX	ETAHX	DLHIX
LHCCX		0.72	0.75	0.54	0.89	0.78	0.55	LHCCX
LOGSX	0.72		0.77	0.81	0.71	0.54	0.76	LOGSX
FHCCX	0.75	0.77		0.86	0.68	0.74	0.84	FHCCX
GGHYX	0.54	0.81	0.86		0.56	0.56	0.96	GGHYX
AHSCX	0.89	0.71	0.68	0.56		0.72	0.57	AHSCX
ETAHX	0.78	0.54	0.74	0.56	0.72		0.69	ETAHX
DLHIX	0.55	0.76	0.84	0.96	0.57	0.69		DLHIX
	LHCCX	LOGSX	FHCCX	GGHYX	AHSCX	ETAHX	DLHIX

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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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LHCCX	0.76	(0.10)	(0.12)	0.00	1.01	(0.82)	1.50	(1.57)	5.15
LOGSX	0.61	(0.15)	0.00	(0.12)	0.00	0.00	1.02	(1.16)	3.97
FHCCX	0.70	(0.10)	(0.14)	(0.01)	0.94	(0.66)	1.05	(1.31)	4.04
GGHYX	0.63	(0.17)	0.00	(0.16)	0.00	0.00	0.93	(1.30)	3.73
AHSCX	0.57	(0.06)	(0.16)	0.00	0.75	(0.56)	0.82	(1.25)	4.55
ETAHX	1.02	(0.15)	0.00	(0.01)	0.00	0.00	2.27	(2.32)	7.54
DLHIX	0.64	(0.20)	0.00	(0.16)	0.00	0.00	0.99	(1.45)	4.38

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