6 Meridian Correlations

SIXS Etf

USD 49.14 0.17 0.34%

The current 90-days correlation between 6 Meridian Small and 6 Meridian Mega is 0.68 (i.e., 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. If the correlation is 0, the equities are not correlated; they are entirely random.

6 Meridian Correlation With Market

Very poor diversification

The correlation between 6 Meridian Small and DJI is 0.8 (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 Small and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SIXS Etf

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 national income and product accounts.

Moving together with SIXS Etf

0.96	VBR	Vanguard Small Cap	Pair Corr
0.95	IWN	iShares Russell 2000	Pair Corr
0.9	IJJ	iShares SP Mid	Pair Corr
0.94	DFAT	Dimensional Targeted	Pair Corr
0.97	IJS	iShares SP Small	Pair Corr
0.97	SLYV	SPDR SP 600	Pair Corr
0.95	AVUV	Avantis Small Cap	Pair Corr
0.92	DES	WisdomTree SmallCap	Pair Corr
0.9	MDYV	SPDR SP 400	Pair Corr
0.94	CALF	Pacer Small Cap Low Volatility	Pair Corr
0.87	USD	ProShares Ultra Semi	Pair Corr
0.81	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.85	FNGO	MicroSectors FANG Index	Pair Corr
0.81	DFEN	Direxion Daily Aerospace Potential Growth	Pair Corr
0.87	DUSL	Direxion Daily Indus	Pair Corr
0.84	HYGW	iShares Trust	Pair Corr
0.75	GBUY	Goldman Sachs Future	Pair Corr
0.9	SDIV	Global X SuperDividend	Pair Corr
0.8	MSFT	Microsoft	Pair Corr
0.82	DD	Dupont De Nemours	Pair Corr
0.79	JNJ	Johnson Johnson	Pair Corr
0.86	BA	Boeing	Pair Corr
0.85	CVX	Chevron Corp	Pair Corr
0.83	JPM	JPMorgan Chase	Pair Corr
0.86	AA	Alcoa Corp	Pair Corr
0.77	CSCO	Cisco Systems	Pair Corr
0.76	BAC	Bank of America	Pair Corr
0.7	MMM	3M Company	Pair Corr

Moving against SIXS Etf

0.4	FNGU	MicroSectors FANG Index Symbol Change	Pair Corr
0.64	PG	Procter Gamble	Pair Corr
0.43	TRV	The Travelers Companies	Pair Corr
0.34	KO	Coca Cola	Pair Corr

Related Correlations Analysis

	SIXA	SIXL	SIXH	SQEW	TPSC
SIXA		0.42	0.85	0.95	0.89	SIXA
SIXL	0.42		0.36	0.39	0.49	SIXL
SIXH	0.85	0.36		0.7	0.59	SIXH
SQEW	0.95	0.39	0.7		0.97	SQEW
TPSC	0.89	0.49	0.59	0.97		TPSC
	SIXA	SIXL	SIXH	SQEW	TPSC

6 Meridian Constituents Risk-Adjusted Indicators

There is a big difference between SIXS 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	0.44	0.04	0.02	0.15	0.39	(0.47)	1.07	(0.76)	2.64
SIXL	0.53	(0.05)	(0.09)	0.03	0.72	(0.49)	1.16	(1.08)	3.35
SIXH	0.29	0.04	(0.08)	0.43	0.26	(0.30)	0.55	(0.57)	2.35
SQEW	0.65	0.02	0.02	0.11	0.64	(0.73)	1.42	(1.41)	2.96
TPSC	0.84	(0.04)	(0.02)	0.06	0.96	(0.92)	1.97	(1.62)	4.33

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