6 Meridian Correlations
| SIXL Etf | USD 36.27 0.38 1.06% |
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
Good diversification
The correlation between 6 Meridian Low and DJI is -0.2 (i.e., Good 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.
Related Correlations Analysis
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 | 0.47 | 0.09 | (0.07) | (0.90) | 0.45 | 1.08 | 2.66 | |||
| SIXH | 0.33 | 0.00 | 0.00 | 0.11 | 0.00 | 0.55 | 2.35 | |||
| SIXS | 0.72 | 0.11 | (0.02) | (1.39) | 0.74 | 1.70 | 4.28 | |||
| SQEW | 0.64 | 0.14 | 0.01 | (1.13) | 0.62 | 1.36 | 4.46 | |||
| SSUS | 0.53 | 0.17 | 0.07 | (6.07) | 0.37 | 1.26 | 4.68 |