6 Meridian Small Etf Performance
| SIXS Etf | USD 52.28 0.00 0.00% |
The entity shows a Beta (market volatility) of 1.14, which signifies a somewhat significant risk relative to the market. 6 Meridian returns are very sensitive to returns on the market. As the market goes up or down, 6 Meridian is expected to follow.
Risk-Adjusted Performance
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Modest
Compared to the overall equity markets, risk-adjusted returns on investments in 6 Meridian Small are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively weak basic indicators, 6 Meridian may actually be approaching a critical reversion point that can send shares even higher in December 2024. ...more
1 | Abrdn Investments launches first ETF on Six - Funds Europe Magazine | 11/01/2024 |
| In Threey Sharp Ratio | -0.09 |
SIXS |
6 Meridian Relative Risk vs. Return Landscape
If you would invest 4,923 in 6 Meridian Small on August 31, 2024 and sell it today you would earn a total of 305.30 from holding 6 Meridian Small or generate 6.2% return on investment over 90 days. 6 Meridian Small is currently generating 0.1004% in daily expected returns and assumes 1.1448% risk (volatility on return distribution) over the 90 days horizon. In different words, 10% of etfs are less volatile than SIXS, and 98% 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 Small, 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 = 0.0877
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| Cash | SIXS | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.14 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average 6 Meridian is performing at about 6% 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
SIXS 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 SIXS Etf performance.
| Total Asset | 54.5 M | |||
About 6 Meridian Performance
Assessing 6 Meridian's fundamental ratios provides investors with valuable insights into 6 Meridian's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the 6 Meridian is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
Under normal circumstances, the fund invests at least 80 percent of its net assets in small-capitalization equity securities. 6 Meridian is traded on NYSEARCA Exchange in the United States.| Latest headline from news.google.com: Abrdn Investments launches first ETF on Six - Funds Europe Magazine | |
| The fund maintains 98.26% of its assets in stocks |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in 6 Meridian Small. 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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
The market value of 6 Meridian Small is measured differently than its book value, which is the value of SIXS 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.