6 Meridian Quality Etf Performance
| SXQG Etf | USD 31.95 0.14 0.44% |
The entity shows a Beta (market volatility) of 0.39, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 6 Meridian's returns are expected to increase less than the market. However, during the bear market, the loss of holding 6 Meridian is expected to be smaller as well.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days 6 Meridian Quality has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable basic indicators, 6 Meridian is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
| In Threey Sharp Ratio | 0.39 |
SXQG |
6 Meridian Relative Risk vs. Return Landscape
If you would invest 3,283 in 6 Meridian Quality on November 28, 2024 and sell it today you would lose (88.00) from holding 6 Meridian Quality or give up 2.68% of portfolio value over 90 days. 6 Meridian Quality is currently does not generate positive expected returns and assumes 0.8675% risk (volatility on return distribution) over the 90 days horizon. In different words, 7% of etfs are less volatile than SXQG, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
6 Meridian Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for 6 Meridian's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as 6 Meridian Quality, and traders can use it to determine the average amount a 6 Meridian's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0497
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | SXQG |
Estimated Market Risk
| 0.87 actual daily | 7 93% of assets are more volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average 6 Meridian is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of 6 Meridian by adding 6 Meridian to a well-diversified portfolio.
6 Meridian Fundamentals Growth
SXQG Etf prices reflect investors' perceptions of the future prospects and financial health of 6 Meridian, and 6 Meridian fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on SXQG Etf performance.
| Total Asset | 24.89 M | |||
About 6 Meridian Performance
By analyzing 6 Meridian's fundamental ratios, stakeholders can gain valuable insights into 6 Meridian's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if 6 Meridian has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if 6 Meridian has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
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.| 6 Meridian Quality generated a negative expected return over the last 90 days | |
| The fund maintains 99.44% of its assets in stocks |
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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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.