6 Meridian Low Etf Profile
| SIXL Etf | USD 34.44 0.20 0.58% |
Performance9 of 100
| Odds Of DistressLess than 9
|
6 Meridian is selling for 34.44 as of the 8th of May 2024. This is a 0.58 percent up since the beginning of the trading day. The etf's lowest day price was 34.35. 6 Meridian has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for 6 Meridian Low are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of February 2024 and ending today, the 8th of May 2024. Click here to learn more.
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. More on 6 Meridian Low
Moving together with SIXL Etf
| 0.91 | VO | Vanguard Mid Cap | PairCorr |
| 0.86 | VXF | Vanguard Extended Market | PairCorr |
| 0.88 | IJH | iShares Core SP | PairCorr |
| 0.9 | IWR | iShares Russell Mid | PairCorr |
| 0.88 | MDY | SPDR SP MIDCAP | PairCorr |
| 0.77 | FV | First Trust Dorsey | PairCorr |
| 0.91 | IVOO | Vanguard SP Mid | PairCorr |
SIXL Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. 6 Meridian's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding 6 Meridian or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Ideas | (View all Themes) |
| Business Concentration | Size And Style ETFs, Large Cap ETFs, Mid-Cap Blend, Exchange Traded Concepts (View all Sectors) |
| Issuer | Exchange Traded Concepts |
| Inception Date | 2020-05-11 |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 157.55 Million |
| Asset Type | Equity |
| Category | Size and Style |
| Focus | Large Cap |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | SEI Investments Global Funds Services |
| Advisor | Exchange Traded Concepts, LLC |
| Custodian | The Bank of New York Mellon Corporation |
| Distributor | SEI Investments Distribution Co. |
| Portfolio Manager | Andrew Mies, Ammie Weidner, Will Horner, Andrew Serowik, Travis Tampe |
| Transfer Agent | The Bank of New York Mellon Corporation |
| Fiscal Year End | 30-Nov |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 242 |
| Market Maker | Jane Street |
| Total Expense | 0.82 |
| Management Fee | 0.61 |
| Country Name | USA |
| Returns Y T D | 4.37 |
| Name | 6 Meridian Low Beta Equity Strategy ETF |
| Currency Code | USD |
| Open Figi | BBG00TQKT4J3 |
| In Threey Volatility | 13.56 |
| 1y Volatility | 11.75 |
| 200 Day M A | 32.5244 |
| 50 Day M A | 33.9319 |
| Code | SIXL |
| Updated At | 7th of May 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.04) |
| Type | ETF |
6 Meridian Low [SIXL] is traded in USA and was established 2020-05-11. The fund is listed under Mid-Cap Blend category and is part of Exchange Traded Concepts family. The entity is thematically classified as Size And Style ETFs. 6 Meridian Low at this time have 133.3 M in assets. , while the total return for the last 3 years was 1.9%.
Check 6 Meridian Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on SIXL Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding SIXL Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as 6 Meridian Low Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top 6 Meridian Low Etf Constituents
| EIG | Employers Holdings | Stock | Financials |
| TDC | Teradata Corp | Stock | Information Technology |
| OMCL | Omnicell | Stock | Health Care |
| TGT | Target | Stock | Consumer Staples |
| ZEUS | Olympic Steel | Stock | Materials |
| SPTN | SpartanNash Co | Stock | Consumer Staples |
| RGR | Sturm Ruger | Stock | Consumer Discretionary |
6 Meridian Target Price Odds Analysis
Proceeding from a normal probability distribution, the odds of 6 Meridian jumping above the current price in 90 days from now is about 7.24%. The 6 Meridian Low probability density function shows the probability of 6 Meridian etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days 6 Meridian has a beta of 0.8499. This usually implies as returns on the market go up, 6 Meridian average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding 6 Meridian Low will be expected to be much smaller as well. Additionally, 6 Meridian Low has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of 6 Meridian to move above the current price in 90 days from now is about 7.24 (This 6 Meridian Low probability density function shows the probability of SIXL Etf to fall within a particular range of prices over 90 days) .
6 Meridian Low Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. 6 Meridian market risk premium is the additional return an investor will receive from holding 6 Meridian long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in 6 Meridian. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although 6 Meridian's alpha and beta are two of the key measurements used to evaluate 6 Meridian's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0562 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.02) |
6 Meridian Against Markets
Picking the right benchmark for 6 Meridian etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in 6 Meridian etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for 6 Meridian is critical whether you are bullish or bearish towards 6 Meridian Low at a given time. Please also check how 6 Meridian's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in 6 Meridian without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy SIXL Etf?
Before investing in 6 Meridian, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in 6 Meridian. To buy 6 Meridian etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of 6 Meridian. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase 6 Meridian etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located 6 Meridian Low etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased 6 Meridian Low etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as 6 Meridian Low, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy SIXL Etf please use our How to Invest in 6 Meridian guide.
Already Invested in 6 Meridian Low?
The danger of trading 6 Meridian Low is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of 6 Meridian is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than 6 Meridian. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile 6 Meridian Low is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether 6 Meridian Low 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 SIXL Etf, refer to the following important reports: 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 tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
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.