6 Meridian Quality Etf Market Value
| SXQG Etf | USD 32.65 0.25 0.76% |
| Symbol | SXQG |
The market value of 6 Meridian Quality is measured differently than its book value, which is the value of SXQG 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.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in 6 Meridian on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding 6 Meridian Quality or generate 0.0% return on investment in 6 Meridian over 720 days. 6 Meridian is related to or competes with IShares MSCI, IShares MSCI, IShares MSCI, IShares Expanded, and IShares Core. The fund is an actively managed exchange-traded fund that seeks to achieve its investment objective primarily by investi... 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 Quality upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9858 | |||
| Information Ratio | 0.0082 | |||
| Maximum Drawdown | 4.81 | |||
| Value At Risk | (1.37) | |||
| Potential Upside | 1.32 |
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 | 0.1226 | |||
| Jensen Alpha | 0.0156 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0072 | |||
| Treynor Ratio | 0.1372 |
6 Meridian Quality Backtested Returns
At this point, 6 Meridian is very steady. 6 Meridian Quality secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the etf had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for 6 Meridian Quality, which you can use to evaluate the volatility of the entity. Please confirm 6 Meridian's coefficient of variation of 629.74, and Mean Deviation of 0.6102 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. The entity shows a Beta (market volatility) of 0.93, which signifies possible diversification benefits within a given portfolio. 6 Meridian returns are very sensitive to returns on the market. As the market goes up or down, 6 Meridian is expected to follow.
Auto-correlation | 0.81 |
Very good predictability
6 Meridian Quality has very good predictability. Overlapping area represents the amount of predictability between 6 Meridian time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Quality price movement. The serial correlation of 0.81 indicates that around 81.0% of current 6 Meridian price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 2.84 |
6 Meridian Quality 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 Quality.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether 6 Meridian Quality is a strong investment it is important to analyze 6 Meridian's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact 6 Meridian's future performance. For an informed investment choice regarding SXQG Etf, refer to the following important reports: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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
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.