6 Meridian Low Etf Performance
| SIXL Etf | USD 39.28 0.01 0.03% |
The entity shows a Beta (market volatility) of 0.69, 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.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in 6 Meridian Low are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. Despite quite persistent basic indicators, 6 Meridian is not utilizing all of its potentials. The current stock price mess, may contribute to short-term losses for the institutional investors. ...more
| In Threey Sharp Ratio | 0.05 |
SIXL |
6 Meridian Relative Risk vs. Return Landscape
If you would invest 3,730 in 6 Meridian Low on August 30, 2024 and sell it today you would earn a total of 198.00 from holding 6 Meridian Low or generate 5.31% return on investment over 90 days. 6 Meridian Low is currently generating 0.0829% in daily expected returns and assumes 0.6484% risk (volatility on return distribution) over the 90 days horizon. In different words, 5% of etfs are less volatile than SIXL, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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6 Meridian Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for 6 Meridian's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as 6 Meridian Low, and traders can use it to determine the average amount a 6 Meridian's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1279
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Estimated Market Risk
| 0.65 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average 6 Meridian is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of 6 Meridian by adding it to a well-diversified portfolio.
6 Meridian Fundamentals Growth
SIXL Etf prices reflect investors' perceptions of the future prospects and financial health of 6 Meridian, and 6 Meridian fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on SIXL Etf performance.
| Total Asset | 133.3 M | |||
About 6 Meridian Performance
By examining 6 Meridian's fundamental ratios, stakeholders can obtain critical insights into 6 Meridian's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that 6 Meridian is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
Under normal circumstances, the fund invests at least 80 percent of its net assets in equity securities. 6 Meridian is traded on NYSEARCA Exchange in the United States.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in 6 Meridian Low. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in interest. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
The market value of 6 Meridian Low is measured differently than its book value, which is the value of SIXL 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.