6 Meridian Correlations

SIXA Etf

USD 49.58 0.07 0.14%

The current 90-days correlation between 6 Meridian Mega and 6 Meridian Low is 0.82 (i.e., Very poor diversification). The correlation of 6 Meridian is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

6 Meridian Correlation With Market

Very poor diversification

The correlation between 6 Meridian Mega and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 6 Meridian Mega and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SIXA Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in 6 Meridian Mega. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in goods.

Moving together with SIXA Etf

0.97	VTV	Vanguard Value Index	Pair Corr
0.98	VYM	Vanguard High Dividend	Pair Corr
0.96	IWD	iShares Russell 1000	Pair Corr
0.98	DGRO	iShares Core Dividend Sell-off Trend	Pair Corr
0.97	IVE	iShares SP 500	Pair Corr
0.93	DVY	iShares Select Dividend	Pair Corr
0.97	SPYV	SPDR Portfolio SP Sell-off Trend	Pair Corr
0.92	FVD	First Trust Value	Pair Corr
0.97	IUSV	iShares Core SP	Pair Corr
0.91	NOBL	ProShares SP 500	Pair Corr
0.92	USD	ProShares Ultra Semi	Pair Corr
0.77	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.95	FNGO	MicroSectors FANG Index	Pair Corr
0.9	DFEN	Direxion Daily Aerospace	Pair Corr
0.9	DUSL	Direxion Daily Indus	Pair Corr
0.88	PFE	Pfizer Inc	Pair Corr
0.84	JNJ	Johnson Johnson	Pair Corr
0.78	DD	Dupont De Nemours	Pair Corr
0.84	MRK	Merck Company Aggressive Push	Pair Corr
0.83	GE	GE Aerospace	Pair Corr
0.82	BAC	Bank of America Aggressive Push	Pair Corr
0.84	BA	Boeing	Pair Corr
0.87	CAT	Caterpillar	Pair Corr
0.89	JPM	JPMorgan Chase	Pair Corr
0.86	CSCO	Cisco Systems	Pair Corr

Moving against SIXA Etf

0.61	FNGU	MicroSectors FANG Index Symbol Change	Pair Corr
0.35	KO	Coca Cola	Pair Corr

Related Correlations Analysis

	SIXL	SIXH	SIXS	SSUS	SQEW
SIXL		0.35	0.51	0.2	0.39	SIXL
SIXH	0.35		0.69	0.7	0.71	SIXH
SIXS	0.51	0.69		0.89	0.97	SIXS
SSUS	0.2	0.7	0.89		0.95	SSUS
SQEW	0.39	0.71	0.97	0.95		SQEW
	SIXL	SIXH	SIXS	SSUS	SQEW

6 Meridian Constituents Risk-Adjusted Indicators

There is a big difference between SIXA 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
SIXL	0.52	(0.04)	(0.09)	0.04	0.70	(0.49)	1.16	(1.08)	3.35
SIXH	0.27	0.06	(0.06)	0.58	0.14	(0.30)	0.55	(0.54)	2.35
SIXS	0.71	0.00	0.00	0.09	0.73	(0.79)	1.71	(1.33)	3.68
SSUS	0.49	0.13	0.04	(0.94)	0.43	(0.55)	1.25	(0.88)	3.26
SQEW	0.64	0.02	0.03	0.12	0.64	(0.71)	1.42	(1.41)	2.96

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