Etc 6 Meridian Etf Profile
| SIXH Etf | USD 35.12 0.27 0.76% |
Performance18 of 100
| Odds Of DistressLess than 9
|
ETC 6 is trading at 35.12 as of the 16th of April 2024. This is a -0.76 percent decrease since the beginning of the trading day. The etf's open price was 35.39. ETC 6 has less than a 9 % chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Equity ratings for ETC 6 Meridian are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 19th of October 2023 and ending today, the 16th of April 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 ETC 6 Meridian
Moving together with ETC Etf
| 0.93 | JEPI | JPMorgan Equity Premium | PairCorr |
| 0.97 | XYLD | Global X SP | PairCorr |
| 0.97 | DIVO | Amplify CWP Enhanced | PairCorr |
| 0.94 | RYLD | Global X Russell | PairCorr |
| 0.96 | JEPQ | JPMorgan Nasdaq Equity | PairCorr |
| 0.93 | NUSI | Nationwide Nasdaq 100 | PairCorr |
| 0.92 | KNG | FT Cboe Vest | PairCorr |
Moving against ETC Etf
| 0.85 | HUM | Humana Inc Report 24th of April 2024 | PairCorr |
| 0.44 | BME | BlackRock Health Sciences | PairCorr |
ETC 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. ETC 6's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding ETC 6 or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Ideas | (View all Themes) |
| Old Name | 600 Group |
| Business Concentration | Strategy ETFs, Broad Equity ETFs, Derivative Income, Exchange Traded Concepts (View all Sectors) |
| Issuer | Exchange Traded Concepts |
| Inception Date | 2020-05-11 |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 393.92 Million |
| Asset Type | Equity |
| Category | Broad Equity |
| Focus | Strategy |
| 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. |
| Transfer Agent | The Bank of New York Mellon Corporation |
| Fiscal Year End | 30-Nov |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 56.0 |
| Market Maker | Virtu Financial |
| Total Expense | 0.84 |
| Management Fee | 0.61 |
| Country Name | USA |
| Returns Y T D | 5.98 |
| Name | ETC 6 Meridian Hedged Equity-Index Option Strategy ETF |
| Currency Code | USD |
| Open Figi | BBG00TQWHCD8 |
| In Threey Volatility | 10.66 |
| 1y Volatility | 5.53 |
| 200 Day M A | 33.1228 |
| 50 Day M A | 35.0174 |
| Code | SIXH |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | 0.67 |
| Type | ETF |
ETC 6 Meridian [SIXH] is traded in USA and was established 2020-05-11. The fund is listed under Derivative Income category and is part of Exchange Traded Concepts family. The entity is thematically classified as Strategy ETFs. ETC 6 Meridian at this time have 265.2 M in assets. , while the total return for the last 3 years was 8.9%.
Check ETC 6 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 ETC Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding ETC 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 ETC 6 Meridian 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 ETC 6 Meridian Etf Constituents
| NKE | Nike Inc | Stock | Consumer Discretionary |
| PM | Philip Morris International | Stock | Consumer Staples |
| IBM | International Business Machines | Stock | Information Technology |
| CSCO | Cisco Systems | Stock | Information Technology |
| CHTR | Charter Communications | Stock | Communication Services |
| VZ | Verizon Communications | Stock | Communication Services |
| PG | Procter Gamble | Stock | Consumer Staples |
ETC 6 Target Price Odds Analysis
Coming from a normal probability distribution, the odds of ETC 6 jumping above the current price in 90 days from now is about 24.04%. The ETC 6 Meridian probability density function shows the probability of ETC 6 etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days ETC 6 Meridian has a beta of -0.0128. This usually implies as returns on the benchmark increase, returns on holding ETC 6 are expected to decrease at a much lower rate. During a bear market, however, ETC 6 Meridian is likely to outperform the market. Additionally, eTC 6 Meridian has an alpha of 0.0554, implying that it can generate a 0.0554 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of ETC 6 to move above the current price in 90 days from now is about 24.04 (This ETC 6 Meridian probability density function shows the probability of ETC Etf to fall within a particular range of prices over 90 days) .
ETC 6 Meridian Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. ETC 6 market risk premium is the additional return an investor will receive from holding ETC 6 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 ETC 6. 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 ETC 6's alpha and beta are two of the key measurements used to evaluate ETC 6's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.1342 | |||
| Jensen Alpha | 0.0554 | |||
| Total Risk Alpha | 0.0315 | |||
| Sortino Ratio | 0.0066 |
ETC 6 Against Markets
Picking the right benchmark for ETC 6 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 ETC 6 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 ETC 6 is critical whether you are bullish or bearish towards ETC 6 Meridian at a given time. Please also check how ETC 6'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 ETC 6 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?
Run Crypto Correlations Now
Crypto CorrelationsUse cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins |
| All Next | Launch Module |
How to buy ETC Etf?
Before investing in ETC 6, 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 ETC 6. To buy ETC 6 etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of ETC 6. 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 ETC 6 etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located ETC 6 Meridian 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 ETC 6 Meridian 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 ETC 6 Meridian, 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 ETC Etf please use our How to Invest in ETC 6 guide.
Already Invested in ETC 6 Meridian?
The danger of trading ETC 6 Meridian 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 ETC 6 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 ETC 6. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ETC 6 Meridian 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 ETC 6 Meridian offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ETC 6's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Etc 6 Meridian Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Etc 6 Meridian Etf: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ETC 6 Meridian. 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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
The market value of ETC 6 Meridian is measured differently than its book value, which is the value of ETC that is recorded on the company's balance sheet. Investors also form their own opinion of ETC 6's value that differs from its market value or its book value, called intrinsic value, which is ETC 6'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 ETC 6's market value can be influenced by many factors that don't directly affect ETC 6'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 ETC 6's value and its price as these two are different measures arrived at by different means. Investors typically determine if ETC 6 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETC 6'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.