6 Meridian Financials
| SXQG Etf | USD 32.83 0.18 0.55% |
Net Expense Ratio 0.01 |
SXQG |
The data published in 6 Meridian's official financial statements typically reflect 6 Meridian's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving 6 Meridian's quantitative information. For example, before you start analyzing numbers published by SXQG accountants, it's essential to understand 6 Meridian's liquidity, profitability, and earnings quality within the context of the Exchange Traded Concepts space in which it operates.
6 Meridian Etf Summary
6 Meridian competes with Vanguard Growth, IShares Russell, IShares SP, IShares Core, and Vanguard Russell. The fund is an actively managed exchange-traded fund that seeks to achieve its investment objective primarily by investing in equity securities. 6 Meridian is traded on NYSEARCA Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | NYSE ARCA Exchange |
| ISIN | US3015056167 |
| CUSIP | 301505616 |
| Region | North America |
| Investment Issuer | Exchange Traded Concepts |
| Etf Family | Exchange Traded Concepts |
| Fund Category | Broad Equity |
| Portfolio Concentration | Size and Style |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - US Dollar |
6 Meridian Key Financial Ratios
SXQG Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining 6 Meridian's current stock value. Our valuation model uses many indicators to compare 6 Meridian value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across 6 Meridian competition to find correlations between indicators driving 6 Meridian's intrinsic value. More Info.6 Meridian Quality is rated below average in beta as compared to similar ETFs. It is rated below average in one year return as compared to similar ETFs reporting about 29.31 of One Year Return per Beta. Comparative valuation analysis is a catch-all technique that is used if you cannot value 6 Meridian by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.6 Meridian Quality Systematic Risk
6 Meridian's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. 6 Meridian volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on 6 Meridian Quality correlated with the market. If Beta is less than 0 6 Meridian generally moves in the opposite direction as compared to the market. If 6 Meridian Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one 6 Meridian Quality is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of 6 Meridian is generally in the same direction as the market. If Beta > 1 6 Meridian moves generally in the same direction as, but more than the movement of the benchmark.
About 6 Meridian Financials
What exactly are 6 Meridian Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include 6 Meridian's income statement, its balance sheet, and the statement of cash flows. Potential 6 Meridian investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although 6 Meridian investors may use each financial statement separately, they are all related. The changes in 6 Meridian's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on 6 Meridian's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.6 Meridian Thematic Clasifications
6 Meridian Quality is part of several thematic ideas from Size And Style ETFs to Broad Equity ETFs. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic Ideas6 Meridian November 30, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of 6 Meridian help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of 6 Meridian Quality. We use our internally-developed statistical techniques to arrive at the intrinsic value of 6 Meridian Quality based on widely used predictive technical indicators. In general, we focus on analyzing SXQG Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build 6 Meridian's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.9765 | |||
| Information Ratio | 0.0043 | |||
| Maximum Drawdown | 4.81 | |||
| Value At Risk | (1.37) | |||
| Potential Upside | 1.32 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in 6 Meridian Quality. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in producer price index. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
The market value of 6 Meridian Quality is measured differently than its book value, which is the value of SXQG that is recorded on the company's balance sheet. Investors also form their own opinion of 6 Meridian's value that differs from its market value or its book value, called intrinsic value, which is 6 Meridian'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 6 Meridian's market value can be influenced by many factors that don't directly affect 6 Meridian'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 6 Meridian's value and its price as these two are different measures arrived at by different means. Investors typically determine if 6 Meridian is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 6 Meridian'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.