ETC 6 Correlations

SIXH Etf

USD 38.05 0.02 0.05%

The current 90-days correlation between ETC 6 Meridian and 6 Meridian Mega is -0.06 (i.e., Good diversification). The correlation of ETC 6 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.

ETC 6 Correlation With Market

Significant diversification

The correlation between ETC 6 Meridian and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ETC 6 Meridian and DJI in the same portfolio, assuming nothing else is changed.

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 closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with ETC Etf

0.87	JEPI	JPMorgan Equity Premium	Pair Corr
0.85	XYLD	Global X SP	Pair Corr
0.85	DIVO	Amplify CWP Enhanced	Pair Corr
0.83	RYLD	Global X Russell	Pair Corr
0.86	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.8	NUSI	NEOS ETF Trust	Pair Corr
0.81	BUYW	Main Buywrite ETF	Pair Corr
0.75	NVDL	GraniteShares 15x Long	Pair Corr
0.75	NVDX	T Rex 2X	Pair Corr
0.75	NVDU	Direxion Daily NVDA	Pair Corr
0.82	CRPT	First Trust SkyBridge	Pair Corr
0.74	BITX	Volatility Shares Trust	Pair Corr
0.72	CONL	GraniteShares ETF Trust	Pair Corr
0.81	DAPP	VanEck Digital Trans	Pair Corr
0.76	DPST	Direxion Daily Regional	Pair Corr
0.81	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.91	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.73	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.84	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.69	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.76	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.73	HPQ	HP Inc	Pair Corr
0.83	BAC	Bank of America Aggressive Push	Pair Corr
0.81	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.77	DIS	Walt Disney Sell-off Trend	Pair Corr

Moving against ETC Etf

0.71	KO	Coca Cola Aggressive Push	Pair Corr
0.62	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.61	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.56	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	SIXA	SIXL	SIXS	OVL	SQEW
SIXA		0.84	0.8	0.9	0.93	SIXA
SIXL	0.84		0.97	0.76	0.93	SIXL
SIXS	0.8	0.97		0.74	0.91	SIXS
OVL	0.9	0.76	0.74		0.87	OVL
SQEW	0.93	0.93	0.91	0.87		SQEW
	SIXA	SIXL	SIXS	OVL	SQEW

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ETC 6 Constituents Risk-Adjusted Indicators

There is a big difference between ETC Etf performing well and ETC 6 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 ETC 6'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	(0.01)	(0.10)	0.12	0.38	(0.55)	1.04	(0.84)	2.60
SIXL	0.49	0.00	(0.08)	0.13	0.40	(0.54)	1.15	(0.81)	3.84
SIXS	0.82	(0.03)	(0.02)	0.10	0.73	(0.97)	1.52	(1.40)	6.84
OVL	0.88	0.13	(0.01)	(0.92)	1.91	(0.89)	1.59	(1.70)	10.94
SQEW	0.81	(0.02)	0.02	0.12	0.72	(0.96)	1.79	(1.61)	6.88

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