ETC 6 Correlations

SIXH Etf

USD 37.90 0.09 0.24%

The correlation of ETC 6 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.

ETC 6 Correlation With Market

Weak diversification

The correlation between ETC 6 Meridian and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ETC 6 Meridian and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ETC 6 Meridian. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with ETC Etf

0.82	JEPI	JPMorgan Equity Premium	Pair Corr
0.77	DIVO	Amplify CWP Enhanced	Pair Corr
0.82	KNG	FT Cboe Vest	Pair Corr
0.84	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.77	HD	Home Depot	Pair Corr
0.63	XOM	Exxon Mobil Corp Earnings Call Tomorrow	Pair Corr
0.8	TRV	The Travelers Companies	Pair Corr
0.7	CVX	Chevron Corp Earnings Call Tomorrow	Pair Corr
0.66	GE	GE Aerospace	Pair Corr

Moving against ETC Etf

0.36	DSJA	DSJA	Pair Corr
0.33	RSPY	Tuttle Capital Management	Pair Corr
0.5	BA	Boeing	Pair Corr

Related Correlations Analysis

	SIXA	SIXL	SIXS	OVL	SQEW
SIXA		0.81	0.71	0.6	0.78	SIXA
SIXL	0.81		0.94	0.68	0.95	SIXL
SIXS	0.71	0.94		0.82	0.96	SIXS
OVL	0.6	0.68	0.82		0.77	OVL
SQEW	0.78	0.95	0.96	0.77		SQEW
	SIXA	SIXL	SIXS	OVL	SQEW

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ETC 6 Constituents Risk-Adjusted Indicators

There is a big difference between ETC Etf performing well and ETC 6 ETF 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 ETC 6'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
SIXA	0.49	0.00	(0.10)	0.11	0.63	(0.54)	0.95	(0.94)	3.85
SIXL	0.58	(0.02)	(0.08)	0.03	0.74	(0.60)	1.13	(1.24)	4.96
SIXS	0.78	0.04	0.00	0.16	0.95	(0.80)	1.53	(1.24)	9.06
OVL	0.73	0.03	(0.01)	0.14	1.01	(0.70)	1.53	(1.79)	6.22
SQEW	0.76	0.01	(0.03)	0.09	1.02	(0.79)	1.60	(1.34)	9.35

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