6 Meridian Small Etf Current Ratio
| SIXS Etf | USD 52.59 0.58 1.12% |
6 Meridian Small fundamentals help investors to digest information that contributes to 6 Meridian's financial success or failures. It also enables traders to predict the movement of SIXS Etf. The fundamental analysis module provides a way to measure 6 Meridian's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to 6 Meridian etf.
SIXS |
6 Meridian Small ETF Current Ratio Analysis
6 Meridian's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
| Competition |
In accordance with the recently published financial statements, 6 Meridian Small has a Current Ratio of 0.0 times. This indicator is about the same for the Exchange Traded Concepts average (which is currently at 0.0) family and about the same as Small Blend (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
SIXS Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses 6 Meridian's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of 6 Meridian could also be used in its relative valuation, which is a method of valuing 6 Meridian by comparing valuation metrics of similar companies.6 Meridian is currently under evaluation in current ratio as compared to similar ETFs.
Fund Asset Allocation for 6 Meridian
The fund consists of 98.26% investments in stocks, with the rest of investments allocated between various types of exotic instruments.Asset allocation divides 6 Meridian's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
SIXS Fundamentals
| Beta | 0.83 | |||
| Total Asset | 54.5 M | |||
| One Year Return | 21.20 % | |||
| Three Year Return | 1.30 % | |||
| Net Asset | 54.5 M | |||
| Last Dividend Paid | 0.0215 | |||
| Equity Positions Weight | 98.26 % |
About 6 Meridian Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze 6 Meridian Small's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of 6 Meridian using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of 6 Meridian Small based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Thematic Opportunities
Explore Investment Opportunities
Check out 6 Meridian Piotroski F Score and 6 Meridian Altman Z Score analysis. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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.