6 Meridian Correlations

SIXL Etf

USD 38.03 0.28 0.74%

The current 90-days correlation between 6 Meridian Low and 6 Meridian Mega is 0.77 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as 6 Meridian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 6 Meridian Low moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

6 Meridian Correlation With Market

Significant diversification

The correlation between 6 Meridian Low and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 6 Meridian Low 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 6 Meridian Low. 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 SIXL Etf

0.88	VO	Vanguard Mid Cap	Pair Corr
0.85	VXF	Vanguard Extended Market	Pair Corr
0.94	IJH	iShares Core SP	Pair Corr
0.94	IWR	iShares Russell Mid	Pair Corr
0.94	MDY	SPDR SP MIDCAP	Pair Corr
0.73	FV	First Trust Dorsey	Pair Corr
0.87	IVOO	Vanguard SP Mid	Pair Corr
0.93	JHMM	John Hancock Multifactor	Pair Corr
0.91	BBMC	JPMorgan BetaBuilders Mid	Pair Corr
0.89	XMMO	Invesco SP MidCap	Pair Corr
0.75	DFEN	Direxion Daily Aerospace	Pair Corr
0.84	QQEW	First Trust NASDAQ	Pair Corr
0.82	HD	Home Depot	Pair Corr
0.74	VZ	Verizon Communications	Pair Corr
0.65	CAT	Caterpillar Earnings Call Tomorrow	Pair Corr
0.61	AA	Alcoa Corp	Pair Corr
0.76	PG	Procter Gamble	Pair Corr

Moving against SIXL Etf

0.55	SGG	Barclays Capital	Pair Corr
0.39	BA	Boeing	Pair Corr

Related Correlations Analysis

	SIXA	SIXH	SIXS	SQEW	SSUS
SIXA		0.92	0.8	0.85	0.73	SIXA
SIXH	0.92		0.61	0.65	0.5	SIXH
SIXS	0.8	0.61		0.96	0.88	SIXS
SQEW	0.85	0.65	0.96		0.83	SQEW
SSUS	0.73	0.5	0.88	0.83		SSUS
	SIXA	SIXH	SIXS	SQEW	SSUS

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6 Meridian Constituents Risk-Adjusted Indicators

There is a big difference between SIXL Etf performing well and 6 Meridian 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 6 Meridian'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	0.01	(0.08)	0.25	0.62	(0.53)	0.95	(0.94)	3.85
SIXH	0.39	0.01	(0.11)	0.14	0.47	(0.44)	0.68	(0.71)	3.39
SIXS	0.78	0.06	0.00	0.83	0.94	(0.81)	1.53	(1.24)	9.06
SQEW	0.76	0.05	(0.01)	0.59	1.01	(0.80)	1.60	(1.34)	9.35
SSUS	0.57	0.06	(0.01)	7.47	0.76	(0.55)	1.10	(1.12)	5.76

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