Etc 6 Meridian Etf Price on May 31, 2024
| SIXH Etf | USD 38.07 0.14 0.37% |
Below is the normalized historical share price chart for ETC 6 Meridian extending back to May 11, 2020. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of ETC 6 stands at 38.07, as last reported on the 29th of November, with the highest price reaching 38.11 and the lowest price hitting 37.85 during the day.
If you're considering investing in ETC Etf, it is important to understand the factors that can impact its price. ETC 6 is very steady at the moment. ETC 6 Meridian retains Efficiency (Sharpe Ratio) of 0.13, which denotes the etf had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ETC 6, which you can use to evaluate the volatility of the entity. Please confirm ETC 6's Downside Deviation of 0.401, coefficient of variation of 602.82, and Market Risk Adjusted Performance of 0.2553 to check if the risk estimate we provide is consistent with the expected return of 0.0476%.
ETC Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 10.18 | 200 Day MA 36.1352 | 1 y Volatility 4.71 | 50 Day MA 37.435 | Inception Date 2020-05-11 |
ETC |
Sharpe Ratio = 0.1322
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| Negative Returns | SIXH |
Estimated Market Risk
| 0.36 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average ETC 6 is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of ETC 6 by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 205.1 K |
ETC 6 Valuation on May 31, 2024
It is possible to determine the worth of ETC 6 on a given historical date. On May 31, 2024 ETC was worth 35.47 at the beginning of the trading date compared to the closed value of 35.71. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ETC 6 etf. Still, in general, we apply an absolute valuation method to find ETC 6's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of ETC 6 where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ETC 6's related companies.
| Open | High | Low | Close | Volume | |
| 35.30 | 35.30 | 35.30 | 35.30 | 158.00 | |
05/31/2024 | 35.47 | 35.72 | 35.47 | 35.71 | 5,217 |
| 35.61 | 35.65 | 33.81 | 35.59 | 22,829 |
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ETC 6 Trading Date Momentum on May 31, 2024
| On June 03 2024 ETC 6 Meridian was traded for 35.59 at the closing time. The top price for the day was 35.65 and the lowest listed price was 33.81 . The trading volume for the day was 22.8 K. The trading history from June 3, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 0.34% . The overall trading delta against the current closing price is 0.39% . |
ETC 6 Meridian Fundamentals Correlations and Trends
By evaluating ETC 6's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among ETC 6's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. ETC financial account trend analysis is a perfect complement when working with valuation or volatility modules.About ETC 6 Etf history
ETC 6 investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for ETC is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in ETC 6 Meridian will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing ETC 6 stock prices may prove useful in developing a viable investing in ETC 6
ETC 6 Etf Technical Analysis
ETC 6 technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
ETC 6 Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
ETC 6 Meridian cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
ETC 6 November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how ETC 6 etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ETC 6 shares will generate the highest return on investment. By undertsting and applying ETC 6 etf market strength indicators, traders can identify ETC 6 Meridian entry and exit signals to maximize returns
ETC 6 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ETC 6's price direction in advance. Along with the technical and fundamental analysis of ETC Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of ETC to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1156 | |||
| Jensen Alpha | 0.026 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.17) | |||
| Treynor Ratio | 0.2453 |
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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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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.