6 Meridian Mega Etf Market Value
| SIXA Etf | USD 46.13 0.38 0.83% |
| Symbol | SIXA |
The market value of 6 Meridian Mega is measured differently than its book value, which is the value of SIXA 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.
6 Meridian 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to 6 Meridian's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of 6 Meridian.
| 04/02/2023 |
| 11/22/2024 |
If you would invest 0.00 in 6 Meridian on April 2, 2023 and sell it all today you would earn a total of 0.00 from holding 6 Meridian Mega or generate 0.0% return on investment in 6 Meridian over 600 days. 6 Meridian is related to or competes with 6 Meridian, ETC 6, 6 Meridian, Day HaganNed, and Two Roads. Under normal circumstances, the fund invests at least 80 percent of its net assets in mega capitalization equity securit... More
6 Meridian Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure 6 Meridian's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess 6 Meridian Mega upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.495 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 2.6 | |||
| Value At Risk | (0.84) | |||
| Potential Upside | 1.1 |
6 Meridian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 6 Meridian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 6 Meridian's standard deviation. In reality, there are many statistical measures that can use 6 Meridian historical prices to predict the future 6 Meridian's volatility.| Risk Adjusted Performance | 0.0894 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0925 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 6 Meridian's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
6 Meridian Mega Backtested Returns
At this point, 6 Meridian is very steady. 6 Meridian Mega secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the etf had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for 6 Meridian Mega, which you can use to evaluate the volatility of the entity. Please confirm 6 Meridian's mean deviation of 0.4704, and Coefficient Of Variation of 825.34 to double-check if the risk estimate we provide is consistent with the expected return of 0.0706%. The entity shows a Beta (market volatility) of 0.66, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 6 Meridian's returns are expected to increase less than the market. However, during the bear market, the loss of holding 6 Meridian is expected to be smaller as well.
Auto-correlation | 0.73 |
Good predictability
6 Meridian Mega has good predictability. Overlapping area represents the amount of predictability between 6 Meridian time series from 2nd of April 2023 to 27th of January 2024 and 27th of January 2024 to 22nd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of 6 Meridian Mega price movement. The serial correlation of 0.73 indicates that around 73.0% of current 6 Meridian price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 5.56 |
6 Meridian Mega lagged returns against current returns
Autocorrelation, which is 6 Meridian etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting 6 Meridian's etf expected returns. We can calculate the autocorrelation of 6 Meridian returns to help us make a trade decision. For example, suppose you find that 6 Meridian has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
6 Meridian regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If 6 Meridian etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 6 Meridian etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 6 Meridian etf over time.
Current vs Lagged Prices |
| Timeline |
6 Meridian Lagged Returns
When evaluating 6 Meridian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 6 Meridian etf have on its future price. 6 Meridian autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, 6 Meridian autocorrelation shows the relationship between 6 Meridian etf current value and its past values and can show if there is a momentum factor associated with investing in 6 Meridian Mega.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether 6 Meridian Mega offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of 6 Meridian's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of 6 Meridian Mega Etf. Outlined below are crucial reports that will aid in making a well-informed decision on 6 Meridian Mega Etf:Check out 6 Meridian Correlation, 6 Meridian Volatility and 6 Meridian Alpha and Beta module to complement your research on 6 Meridian. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
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.