Etc 6 Meridian Etf Market Value
| SIXH Etf | USD 37.98 0.13 0.34% |
| Symbol | ETC |
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.
ETC 6 '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 ETC 6'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 ETC 6.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in ETC 6 on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding ETC 6 Meridian or generate 0.0% return on investment in ETC 6 over 30 days. ETC 6 is related to or competes with First Trust, and ProShares. Under normal circumstances, the fund invests at least 80 percent of its net assets in equity securities More
ETC 6 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 ETC 6'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 ETC 6 Meridian upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4094 | |||
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 1.54 | |||
| Value At Risk | (0.51) | |||
| Potential Upside | 0.512 |
ETC 6 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ETC 6's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ETC 6's standard deviation. In reality, there are many statistical measures that can use ETC 6 historical prices to predict the future ETC 6's volatility.| Risk Adjusted Performance | 0.1264 | |||
| Jensen Alpha | 0.0296 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.16) | |||
| Treynor Ratio | 0.267 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ETC 6'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.
ETC 6 Meridian Backtested Returns
ETC 6 is very steady at the moment. ETC 6 Meridian retains Efficiency (Sharpe Ratio) of 0.15, which denotes the etf had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for ETC 6, which you can use to evaluate the volatility of the entity. Please confirm ETC 6's Coefficient Of Variation of 556.14, downside deviation of 0.4094, and Market Risk Adjusted Performance of 0.277 to check if the risk estimate we provide is consistent with the expected return of 0.0518%. The etf owns a Beta (Systematic Risk) of 0.2, which means not very significant fluctuations relative to the market. As returns on the market increase, ETC 6's returns are expected to increase less than the market. However, during the bear market, the loss of holding ETC 6 is expected to be smaller as well.
Auto-correlation | 0.46 |
Average predictability
ETC 6 Meridian has average predictability. Overlapping area represents the amount of predictability between ETC 6 time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 ETC 6 Meridian price movement. The serial correlation of 0.46 indicates that about 46.0% of current ETC 6 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
ETC 6 Meridian lagged returns against current returns
Autocorrelation, which is ETC 6 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 ETC 6's etf expected returns. We can calculate the autocorrelation of ETC 6 returns to help us make a trade decision. For example, suppose you find that ETC 6 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 |
ETC 6 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 ETC 6 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ETC 6 etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ETC 6 etf over time.
Current vs Lagged Prices |
| Timeline |
ETC 6 Lagged Returns
When evaluating ETC 6's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ETC 6 etf have on its future price. ETC 6 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, ETC 6 autocorrelation shows the relationship between ETC 6 etf current value and its past values and can show if there is a momentum factor associated with investing in ETC 6 Meridian.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether ETC 6 Meridian offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ETC 6'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 Etc 6 Meridian Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Etc 6 Meridian Etf:Check out ETC 6 Correlation, ETC 6 Volatility and ETC 6 Alpha and Beta module to complement your research on ETC 6. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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.