Etc 6 Meridian Etf Profile
| SIXH Etf | USD 37.58 0.19 0.51% |
Performance10 of 100
| Odds Of DistressLess than 9
|
ETC 6 is trading at 37.58 as of the 22nd of November 2024. This is a 0.51 percent increase since the beginning of the trading day. The etf's open price was 37.39. ETC 6 has less than a 9 % chance of experiencing financial distress in the next few years and had a ok performance during the last 90 days. Equity ratings for ETC 6 Meridian 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 equity securities. 6 Meridian is traded on NYSEARCA Exchange in the United States. More on ETC 6 Meridian
Moving together with ETC Etf
| 0.91 | JEPI | JPMorgan Equity Premium | PairCorr |
| 0.83 | XYLD | Global X SP | PairCorr |
| 0.86 | DIVO | Amplify CWP Enhanced | PairCorr |
| 0.79 | RYLD | Global X Russell | PairCorr |
| 0.8 | JEPQ | JPMorgan Nasdaq Equity | PairCorr |
| 0.76 | NUSI | NEOS ETF Trust | PairCorr |
Moving against ETC Etf
ETC Etf Highlights
| Thematic Ideas | (View all Themes) |
| Old Name | 600 Group |
| Business Concentration | Broad Equity ETFs, Strategy ETFs, Derivative Income, Exchange Traded Concepts (View all Sectors) |
| Issuer | Exchange Traded Concepts |
| Inception Date | 2020-05-11 |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 439.93 Million |
| Asset Type | Equity |
| Category | Broad Equity |
| Focus | Strategy |
| 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 | 54.0 |
| Market Maker | Virtu Financial |
| Total Expense | 0.82 |
| Management Fee | 0.61 |
| Country Name | USA |
| Returns Y T D | 14.2 |
| Name | ETC 6 Meridian Hedged Equity-Index Option Strategy ETF |
| Currency Code | USD |
| Open Figi | BBG00TQWHCD8 |
| In Threey Volatility | 10.18 |
| 1y Volatility | 4.71 |
| 200 Day M A | 36.0379 |
| 50 Day M A | 37.3408 |
| Code | SIXH |
| Updated At | 21st of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | 0.57 |
| Type | ETF |
ETC 6 Meridian [SIXH] is traded in USA and was established 2020-05-11. The fund is listed under Derivative Income category and is part of Exchange Traded Concepts family. The entity is thematically classified as Broad Equity ETFs. ETC 6 Meridian at this time have 265.2 M in assets. , while the total return for the last 3 years was 9.7%.
Check ETC 6 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 ETC Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding ETC 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 ETC 6 Meridian 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 ETC 6 Meridian Etf Constituents
| ADBE | Adobe Systems Incorporated | Stock | Information Technology | |
| SPY | SPDR SP 500 | Etf | Large Blend | |
| WFC | Wells Fargo | Stock | Financials | |
| GILD | Gilead Sciences | Stock | Health Care | |
| CSCO | Cisco Systems | Stock | Information Technology | |
| MO | Altria Group | Stock | Consumer Staples | |
| ORCL | Oracle | Stock | Information Technology | |
| ABBV | AbbVie Inc | Stock | Health Care |
ETC 6 Meridian 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 ETC 6. 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 | 0.1041 | |||
| Jensen Alpha | 0.0277 | |||
| Total Risk Alpha | 0.0039 | |||
| Sortino Ratio | (0.10) |
ETC 6 Against Markets
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. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
The market value of ETC 6 Meridian is measured differently than its book value, which is the value of ETC that is recorded on the company's balance sheet. Investors also form their own opinion of ETC 6's value that differs from its market value or its book value, called intrinsic value, which is ETC 6'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 ETC 6's market value can be influenced by many factors that don't directly affect ETC 6'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 ETC 6's value and its price as these two are different measures arrived at by different means. Investors typically determine if ETC 6 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETC 6'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.