6 Meridian Correlations

SIXS Etf

USD 50.88 0.31 0.61%

The current 90-days correlation between 6 Meridian Small and iShares JPX Nikkei 400 is 0.47 (i.e., Very weak diversification). The correlation of 6 Meridian 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.

6 Meridian Correlation With Market

Good diversification

The correlation between 6 Meridian Small and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 6 Meridian Small and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SIXS Etf

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

Moving together with SIXS Etf

0.84	VBR	Vanguard Small Cap	Pair Corr
0.82	IWN	iShares Russell 2000	Pair Corr
0.85	IJJ	iShares SP Mid	Pair Corr
0.96	DFAT	Dimensional Targeted	Pair Corr
0.84	IJS	iShares SP Small	Pair Corr
0.93	SLYV	SPDR SP 600	Pair Corr
0.94	AVUV	Avantis Small Cap	Pair Corr
0.92	DES	WisdomTree SmallCap	Pair Corr
0.85	MDYV	SPDR SP 400	Pair Corr
0.93	CALF	Pacer Small Cap	Pair Corr
0.67	FB	ProShares Trust ProShares	Pair Corr
0.75	SWP	SWP Growth Income	Pair Corr
0.84	DUKH	Ocean Park High	Pair Corr
0.71	MCD	McDonalds	Pair Corr
0.73	JNJ	Johnson Johnson	Pair Corr
0.66	BAC	Bank of America	Pair Corr
0.72	AA	Alcoa Corp	Pair Corr
0.61	DD	Dupont De Nemours	Pair Corr
0.81	WMT	Walmart Common Stock Sell-off Trend	Pair Corr

Moving against SIXS Etf

0.64	MSFT	Microsoft Sell-off Trend	Pair Corr
0.42	T	ATT Inc	Pair Corr
0.42	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	JPXN	XJR	QABA	SMDX	RZG	EJAN	RAYD	EPHE	SPVU	FFND
JPXN		0.69	0.53	0.69	0.67	0.79	-0.09	0.06	0.82	0.88	JPXN
XJR	0.69		0.81	0.96	0.85	0.52	-0.08	0.41	0.75	0.74	XJR
QABA	0.53	0.81		0.85	0.68	0.6	-0.07	0.46	0.8	0.53	QABA
SMDX	0.69	0.96	0.85		0.82	0.6	-0.08	0.45	0.79	0.77	SMDX
RZG	0.67	0.85	0.68	0.82		0.49	0.06	0.5	0.72	0.78	RZG
EJAN	0.79	0.52	0.6	0.6	0.49		-0.08	0.25	0.9	0.71	EJAN
RAYD	-0.09	-0.08	-0.07	-0.08	0.06	-0.08		0.32	-0.06	-0.04	RAYD
EPHE	0.06	0.41	0.46	0.45	0.5	0.25	0.32		0.35	0.18	EPHE
SPVU	0.82	0.75	0.8	0.79	0.72	0.9	-0.06	0.35		0.77	SPVU
FFND	0.88	0.74	0.53	0.77	0.78	0.71	-0.04	0.18	0.77		FFND
	JPXN	XJR	QABA	SMDX	RZG	EJAN	RAYD	EPHE	SPVU	FFND

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SMDX	+ 0.96	XJR
SPVU	+ 0.9	EJAN
FFND	+ 0.88	JPXN
RZG	+ 0.85	XJR
SMDX	+ 0.85	QABA
SPVU	+ 0.82	JPXN

High negative correlations

RAYD	- 0.09	JPXN
RAYD	- 0.08	EJAN
RAYD	- 0.08	SMDX
RAYD	- 0.08	XJR
RAYD	- 0.07	QABA
SPVU	- 0.06	RAYD

6 Meridian Constituents Risk-Adjusted Indicators

There is a big difference between SIXS 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
JPXN	0.69	0.06	0.00	0.41	0.98	(0.68)	1.50	(1.53)	3.69
XJR	0.82	0.03	(0.04)	(0.66)	1.05	(0.90)	1.87	(1.89)	4.40
QABA	0.99	0.05	(0.02)	(1.90)	1.39	(1.26)	2.78	(2.15)	8.62
SMDX	0.78	(0.02)	(0.01)	0.05	0.99	(0.81)	1.80	(1.64)	4.13
RZG	0.92	0.04	(0.02)	0.75	1.10	(0.96)	1.68	(1.73)	4.72
EJAN	0.12	0.04	(0.19)	(1.62)	0.00	(0.15)	0.35	(0.18)	0.80
RAYD	0.78	0.04	(0.04)	(0.20)	0.95	(0.92)	1.96	(1.87)	7.93
EPHE	0.83	0.03	(0.06)	(0.07)	1.00	(0.87)	1.78	(1.60)	4.82
SPVU	0.62	0.09	0.04	0.59	0.65	(0.69)	1.64	(1.17)	3.39
FFND	0.57	0.05	(0.02)	0.56	0.75	(0.62)	1.08	(1.18)	3.63

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