Meridian Equity Correlations

Mutual Funds . USA . 
Fund . Meridian Equity Income
MRAEX Fund  USD 14.99  0.03  0.20%   
The current 90-days correlation between Meridian Equity Income and Jpmorgan Equity Income is 0.65 (i.e., Poor diversification). The correlation of Meridian Equity 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 Equity Correlation With Market

Poor diversification

The correlation between Meridian Equity Income and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Meridian Equity Income 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 Equity Income. 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 income.

Moving together with Meridian Mutual Fund

  0.72MRAGX Meridian GrowthPairCorr
  1.0MRCEX Meridian Equity IncomePairCorr
  0.71MRCGX Meridian GrowthPairCorr
  1.0MRIEX Meridian Equity IncomePairCorr
  0.72MRIGX Meridian GrowthPairCorr
  0.72MRRGX Meridian GrowthPairCorr
  0.76MSGAX Meridian Small CapPairCorr
  0.76MSGCX Meridian Small CapPairCorr
  0.76MSGGX Meridian Small CapPairCorr
  0.76MSGRX Meridian Small CapPairCorr
  0.88MVALX Meridian ContrarianPairCorr
  1.0MEIFX Meridian Equity IncomePairCorr
  0.72MERDX Meridian GrowthPairCorr
  0.88MFCAX Meridian ContrarianPairCorr
  0.87MFCCX Meridian ContrarianPairCorr
  0.88MFCIX Meridian ContrarianPairCorr
  0.76MISGX Meridian Small CapPairCorr
  0.98JHQCX Jpmorgan Hedged EquityPairCorr
  0.98JHEQX Jpmorgan Hedged EquityPairCorr
  0.98JHQAX Jpmorgan Hedged EquityPairCorr
  0.96GTENX Gateway Fund ClassPairCorr
  0.96GTECX Gateway Fund ClassPairCorr
  0.97GTEYX Gateway Fund ClassPairCorr
  0.97GATEX Gateway Fund ClassPairCorr
  0.97JHDCX Jpmorgan Hedged EquityPairCorr
  0.97JHDRX Jpmorgan Hedged EquityPairCorr
  0.97JHDAX Jpmorgan Hedged EquityPairCorr
  0.86LSHUX Horizon Spin Off Steady GrowthPairCorr
  0.86LSHCX Horizon Spin OffPairCorr
  0.78OSPPX Oppenheimer Steelpath MlpPairCorr
  0.78SPMPX Invesco Steelpath MlpPairCorr
  0.86LSHEX Kinetics Spin OffPairCorr
  0.78SPMJX Invesco Steelpath MlpPairCorr
  0.85KNPCX Kinetics ParadigmPairCorr
  0.86LSHAX Horizon Spin Off Steady GrowthPairCorr
  0.85WWNPX Kinetics ParadigmPairCorr
  0.85KNPYX Kinetics ParadigmPairCorr
  0.93FTAGX Salient Tactical GrowthPairCorr
  0.91FIFAX Income FundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Meridian Mutual Fund performing well and Meridian Equity 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 Equity'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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