6 Meridian Correlations
| SIXL Etf | USD 36.40 0.17 0.46% |
The current 90-days correlation between 6 Meridian Low and 6 Meridian Mega is 0.82 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as 6 Meridian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 6 Meridian Low moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
6 Meridian Correlation With Market
Poor diversification
The correlation between 6 Meridian Low and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 6 Meridian Low and DJI in the same portfolio, assuming nothing else is changed.
Moving against SIXL Etf
Related Correlations Analysis
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6 Meridian Constituents Risk-Adjusted Indicators
There is a big difference between SIXL Etf performing well and 6 Meridian ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze 6 Meridian's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SIXA | 0.57 | 0.04 | (0.01) | 0.19 | 0.54 | 1.26 | 3.36 | |||
| SIXH | 0.40 | 0.01 | (0.17) | 0.17 | 0.56 | 0.94 | 3.15 | |||
| SIXS | 0.72 | 0.02 | (0.03) | 0.15 | 0.71 | 1.66 | 4.28 | |||
| SQEW | 0.64 | 0.09 | 0.07 | 0.24 | 0.53 | 1.43 | 4.46 | |||
| SSUS | 0.63 | 0.11 | 0.10 | 0.25 | 0.56 | 1.68 | 4.68 |