6 Meridian Semi Deviation
| SIXS ETF | | | USD 55.11 -0.09 -0.16% |
Semi-deviation provides a good measure of downside risk for a equity or a portfolio. It is similar to standard deviation, but it only looks at periods where the returns are less than the target or average level. Below is 6 Meridian's current Semi Deviation with peer comparisons and related risk metrics.
Current Semi Deviation Value
6 Meridian has a Semi Deviation of 0.8003, indicating low price variability. This places 6 Meridian at the lower end of the volatility range for ETF.
Semi Deviation | = | SQRT(SV) |
| = | 0.8003 | |
Semi Deviation Peers Comparison
The peer group averages 1.06 for Semi Deviation, with 6 Meridian at 0.8003 falling below that level. Readings span 0.7299 (Invesco SAMPP 500) to 1.52 (First Trust NASDAQ). 6 Meridian has exhibited less price dispersion than the peer average over the measured period.
Semi Deviation Relative To Other Indicators
The chart below plots Semi Deviation against Maximum Drawdown for 6 Meridian and its peers. Each point represents one equity — position along the horizontal axis shows Semi Deviation while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
Comparing Semi Deviation (
0.80 ) to Maximum Drawdown (
3.73 ) for 6 Meridian yields a
4.66 multiple. This indicates Maximum Drawdown is significantly higher than Semi Deviation for 6 Meridian.
Methodology, Assumptions & Data Sources
6 Meridian's Semi Deviation currently stands at 0.8003. Semi Deviation for 6 Meridian is derived by applying a defined formula to historical price observations, producing a time-series of comparable readings. Price data is sourced from standardized end-of-day feeds across supported exchanges, normalized for corporate actions. The output reflects the selected calculation window — changing the horizon will produce different readings. This ETF metric is provided for analytical reference.
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