MEIFX Meridian Hedged Equity Legacy Forecast, Technical & Fundamental Analysis

Category Trading

A.I.Advisor

published Highlights

Notable companies

The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Align Technology (NASDAQ:ALGN).

Industry description

The investment seeks long-term growth of capital. The fund will invest at least 80% of its net assets in long or short positions in equity securities. Equity securities include, but are not limited to, common and preferred stocks as well as convertible securities, such as options, in domestic and foreign companies. It may invest up to 25% of its total assets, calculated at the time of purchase, in securities of foreign companies, including emerging market companies.

Market Cap

The average market capitalization across the Meridian Hedged Equity Legacy MF is 409.67B. The market cap for tickers in the group ranges from 1.3B to 2.78T. NVDA holds the highest valuation in this group at 2.78T. The lowest valued company is SBH at 1.3B.

Volume

The average weekly volume growth across all stocks in the Meridian Hedged Equity Legacy MF was -27%. For the same stocks of the MF, the average monthly volume growth was 1% and the average quarterly volume growth was -44%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 73

P/E Growth Rating: 58

Price Growth Rating: 54

SMR Rating: 46

Profit Risk Rating: 72

Seasonality Score: -23 (-100 ... +100)

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A.I. Advisor

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Category Trading

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MEIFX and MutualFunds

Correlation & Price change

A.I.dvisor indicates that over the last year, MEIFX has been closely correlated with JHQPX. These tickers have moved in lockstep 70% of the time. This A.I.-generated data suggests there is a high statistical probability that if MEIFX jumps, then JHQPX could also see price increases.

Ticker / NAME	Correlation To MEIFX	1D Price Change %
MEIFX	100%	-0.47%
JHQPX - MEIFX	70% Closely correlated	-0.22%
JHQRX - MEIFX	70% Closely correlated	-0.22%
JHQAX - MEIFX	70% Closely correlated	-0.22%
JHEQX - MEIFX	70% Closely correlated	-0.25%
JHQCX - MEIFX	70% Closely correlated	-0.22%
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