6 Meridian Mega Etf Profile
| SIXA Etf | USD 45.75 0.43 0.95% |
Performance7 of 100
| Odds Of DistressLess than 9
|
6 Meridian is trading at 45.75 as of the 22nd of November 2024, a 0.95 percent increase since the beginning of the trading day. The etf's open price was 45.32. 6 Meridian has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for 6 Meridian Mega are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 23rd of October 2024 and ending today, the 22nd of November 2024. Click here to learn more.
Under normal circumstances, the fund invests at least 80 percent of its net assets in mega capitalization equity securities. 6 Meridian is traded on NYSEARCA Exchange in the United States. More on 6 Meridian Mega
Moving together with SIXA Etf
| 0.98 | VTV | Vanguard Value Index | PairCorr |
| 0.99 | VYM | Vanguard High Dividend | PairCorr |
| 0.97 | IWD | iShares Russell 1000 | PairCorr |
| 0.99 | DGRO | iShares Core Dividend | PairCorr |
| 0.97 | IVE | iShares SP 500 | PairCorr |
| 0.9 | DVY | iShares Select Dividend | PairCorr |
Moving against SIXA Etf
SIXA Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Large Cap ETFs, Size And Style ETFs, Large Value, Exchange Traded Concepts (View all Sectors) |
| Issuer | Exchange Traded Concepts |
| Inception Date | 2020-05-11 |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 287.2 Million |
| Asset Type | Equity |
| Category | Size and Style |
| Focus | Large Cap |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | SEI Investments Global Funds Services |
| Advisor | Exchange Traded Concepts, LLC |
| Custodian | The Bank of New York Mellon Corporation |
| Distributor | SEI Investments Distribution Co. |
| Portfolio Manager | Gabriel Tan, Todd Alberico, Andrew Serowik, Jason Mayers, Ammie Weidner,Andrew Mies |
| Transfer Agent | The Bank of New York Mellon Corporation |
| Fiscal Year End | 30-Nov |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 50.0 |
| Market Maker | GTS |
| Total Expense | 0.8 |
| Management Fee | 0.61 |
| Country Name | USA |
| Returns Y T D | 26.35 |
| Name | 6 Meridian Mega Cap Equity ETF |
| Currency Code | USD |
| Open Figi | BBG00TQVP0W6 |
| In Threey Volatility | 14.12 |
| 1y Volatility | 8.72 |
| 200 Day M A | 42.2681 |
| 50 Day M A | 45.2454 |
| Code | SIXA |
| Updated At | 22nd of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | 0.52 |
| Type | ETF |
6 Meridian Mega [SIXA] is traded in USA and was established 2020-05-11. The fund is listed under Large Value category and is part of Exchange Traded Concepts family. The entity is thematically classified as Large Cap ETFs. 6 Meridian Mega at this time have 143.56 M in assets. , while the total return for the last 3 years was 11.1%.
Check 6 Meridian Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on SIXA Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding SIXA Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as 6 Meridian Mega Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top 6 Meridian Mega Etf Constituents
| CSCO | Cisco Systems | Stock | Information Technology | |
| NVDA | NVIDIA | Stock | Information Technology | |
| COST | Costco Wholesale Corp | Stock | Consumer Staples | |
| TGT | Target | Stock | Consumer Staples | |
| AMZN | Amazon Inc | Stock | Consumer Discretionary | |
| NKE | Nike Inc | Stock | Consumer Discretionary | |
| QCOM | Qualcomm Incorporated | Stock | Information Technology | |
| MO | Altria Group | Stock | Consumer Staples |
6 Meridian Mega Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in 6 Meridian. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.0894 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.08) |
6 Meridian Against Markets
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in 6 Meridian Mega. 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. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
The market value of 6 Meridian Mega is measured differently than its book value, which is the value of SIXA that is recorded on the company's balance sheet. Investors also form their own opinion of 6 Meridian's value that differs from its market value or its book value, called intrinsic value, which is 6 Meridian's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because 6 Meridian's market value can be influenced by many factors that don't directly affect 6 Meridian's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between 6 Meridian's value and its price as these two are different measures arrived at by different means. Investors typically determine if 6 Meridian is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 6 Meridian's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.