6 Meridian Small Etf Price on December 4, 2024
| SIXS Etf | USD 51.77 0.20 0.39% |
Below is the normalized historical share price chart for 6 Meridian Small 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 6 Meridian stands at 51.77, as last reported on the 11th of December 2024, with the highest price reaching 51.77 and the lowest price hitting 51.57 during the day.
If you're considering investing in SIXS Etf, it is important to understand the factors that can impact its price. Currently, 6 Meridian Small is very steady. 6 Meridian Small secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the etf had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for 6 Meridian Small, which you can use to evaluate the volatility of the entity. Please confirm 6 Meridian's mean deviation of 0.7716, and Coefficient Of Variation of 676.04 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%.
SIXS Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 19.86 | 200 Day MA 47.5165 | 1 y Volatility 18.86 | 50 Day MA 49.9531 | Inception Date 2020-05-11 |
SIXS |
Sharpe Ratio = 0.1514
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Estimated Market Risk
| 1.1 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.17 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average 6 Meridian is performing at about 11% 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 6 Meridian by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 2 K |
6 Meridian Valuation on December 4, 2024
It is possible to determine the worth of 6 Meridian on a given historical date. On December 4, 2024 SIXS was worth 52.2 at the beginning of the trading date compared to the closed value of 52.24. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of 6 Meridian etf. Still, in general, we apply an absolute valuation method to find 6 Meridian'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 6 Meridian where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against 6 Meridian's related companies.
| Open | High | Low | Close | Volume | |
| 52.38 | 52.38 | 52.30 | 52.30 | 1,100 | |
12/04/2024 | 52.20 | 52.26 | 52.20 | 52.24 | 909.00 |
| 52.16 | 52.16 | 51.84 | 51.84 | 1,000.00 |
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6 Meridian Trading Date Momentum on December 4, 2024
| On December 05 2024 6 Meridian Small was traded for 51.84 at the closing time. The top price for the day was 52.16 and the lowest listed price was 51.84 . The trading volume for the day was 1000. The trading history from December 5, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 0.77% . The daily price change against the current closing price is 1.28% . |
6 Meridian Small Fundamentals Correlations and Trends
By evaluating 6 Meridian'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 6 Meridian's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. SIXS financial account trend analysis is a perfect complement when working with valuation or volatility modules.About 6 Meridian Etf history
6 Meridian 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 SIXS is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in 6 Meridian Small 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 6 Meridian stock prices may prove useful in developing a viable investing in 6 Meridian
6 Meridian Etf Technical Analysis
6 Meridian 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
6 Meridian Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
6 Meridian Small 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.
6 Meridian December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how 6 Meridian etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 6 Meridian shares will generate the highest return on investment. By undertsting and applying 6 Meridian etf market strength indicators, traders can identify 6 Meridian Small entry and exit signals to maximize returns
6 Meridian Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for 6 Meridian's price direction in advance. Along with the technical and fundamental analysis of SIXS Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of SIXS 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 | 0.1102 | |||
| Jensen Alpha | 0.0078 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0495 | |||
| Treynor Ratio | 0.1207 |
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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 interest. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
The market value of 6 Meridian Small is measured differently than its book value, which is the value of SIXS 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.