Meridian Contrarian Correlations

Mutual Funds USA . 
Fund . Meridian Trarian Fund
MFCCX Fund  USD 38.14  0.11  0.29%   
The current 90-days correlation between Meridian Contrarian and Meridian Trarian Fund is 1.0 (i.e., No risk reduction). 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

Very poor diversification

The correlation between Meridian Trarian Fund and DJI is 0.86 (i.e., Very 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 main economic indicators.

Moving together with Meridian Mutual Fund

  0.87MRAEX Meridian Equity IncomePairCorr
  0.92MRAGX Meridian GrowthPairCorr
  0.87MRCEX Meridian Equity IncomePairCorr
  0.92MRCGX Meridian GrowthPairCorr
  0.87MRIEX Meridian Equity IncomePairCorr
  0.92MRIGX Meridian GrowthPairCorr
  0.92MRRGX Meridian GrowthPairCorr
  0.93MSGAX Meridian Small CapPairCorr
  0.93MSGCX Meridian Small CapPairCorr
  0.94MSGGX Meridian Small CapPairCorr
  0.94MSGRX Meridian Small CapPairCorr
  1.0MVALX Meridian ContrarianPairCorr
  0.87MEIFX Meridian Equity IncomePairCorr
  0.92MERDX Meridian GrowthPairCorr
  1.0MFCAX Meridian ContrarianPairCorr
  1.0MFCIX Meridian ContrarianPairCorr
  0.94MISGX Meridian Small CapPairCorr
  0.97VIMAX Vanguard Mid CapPairCorr
  0.97VIMSX Vanguard Mid CapPairCorr
  0.97VMCPX Vanguard Mid CapPairCorr
  0.97VMCIX Vanguard Mid CapPairCorr
  0.98VEXAX Vanguard Extended MarketPairCorr
  0.98VEMPX Vanguard Extended MarketPairCorr
  0.98VIEIX Vanguard Extended MarketPairCorr
  0.98VSEMX Vanguard Extended MarketPairCorr
  0.98VEXMX Vanguard Extended MarketPairCorr
  0.98FSMAX Fidelity Extended MarketPairCorr
  0.92KMKCX Kinetics Market OppoPairCorr
  0.92KSCYX Kinetics Small CapPairCorr
  0.92WWNPX Kinetics Paradigm Steady GrowthPairCorr
  0.92KNPCX Kinetics Paradigm Steady GrowthPairCorr
  0.92KNPAX Kinetics Paradigm Steady GrowthPairCorr
  0.92KSOCX Kinetics Small CapPairCorr
  0.92KINCX Kinetics InternetPairCorr
  0.92KSCOX Kinetics Small CapPairCorr
  0.92LSHUX Horizon Spin Off Steady GrowthPairCorr
  0.77AMECX Income FundPairCorr
  0.98RYMDX Mid Cap 15xPairCorr

Related Correlations Analysis

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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.

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