Meridian Equity Income Fund Market Value
| MEIFX Fund | USD 13.78 0.03 0.22% |
| Symbol | Meridian |
Meridian Equity 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Meridian Equity's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Meridian Equity.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Meridian Equity on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Meridian Equity Income or generate 0.0% return on investment in Meridian Equity over 30 days. Meridian Equity is related to or competes with Gateway Fund, and Jpmorgan Hedged. The fund will invest at least 80 percent of its net assets in long or short positions in equity securities More
Meridian Equity Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Meridian Equity's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Meridian Equity Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7148 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 3.57 | |||
| Value At Risk | (1.00) | |||
| Potential Upside | 0.9306 |
Meridian Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Meridian Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Meridian Equity's standard deviation. In reality, there are many statistical measures that can use Meridian Equity historical prices to predict the future Meridian Equity's volatility.| Risk Adjusted Performance | 0.0413 | |||
| Jensen Alpha | 0.0373 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0.38) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Meridian Equity's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Meridian Equity Me Backtested Returns
We consider Meridian Equity very steady. Meridian Equity Me has Sharpe Ratio of 0.0596, which conveys that the entity had a 0.0596% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Meridian Equity, which you can use to evaluate the volatility of the fund. Please verify Meridian Equity's Risk Adjusted Performance of 0.0413, mean deviation of 0.4313, and Downside Deviation of 0.7148 to check out if the risk estimate we provide is consistent with the expected return of 0.0375%. The fund secures a Beta (Market Risk) of -0.0815, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Meridian Equity are expected to decrease at a much lower rate. During the bear market, Meridian Equity is likely to outperform the market.
Auto-correlation | 0.58 |
Modest predictability
Meridian Equity Income has modest predictability. Overlapping area represents the amount of predictability between Meridian Equity time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Meridian Equity Me price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Meridian Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Meridian Equity Me lagged returns against current returns
Autocorrelation, which is Meridian Equity mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Meridian Equity's mutual fund expected returns. We can calculate the autocorrelation of Meridian Equity returns to help us make a trade decision. For example, suppose you find that Meridian Equity has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Meridian Equity regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Meridian Equity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Meridian Equity mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Meridian Equity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Meridian Equity Lagged Returns
When evaluating Meridian Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Meridian Equity mutual fund have on its future price. Meridian Equity autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Meridian Equity autocorrelation shows the relationship between Meridian Equity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Meridian Equity Income.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Meridian Equity Correlation, Meridian Equity Volatility and Meridian Equity Alpha and Beta module to complement your research on Meridian Equity. Note that the Meridian Equity Me information on this page should be used as a complementary analysis to other Meridian Equity's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Meridian Equity technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.