Pacer Lunt Correlations

ALTL Etf

USD 39.88 0.06 0.15%

The current 90-days correlation between Pacer Lunt Large and Pacer Lunt Large is 0.81 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pacer Lunt moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pacer Lunt Large moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Pacer Lunt Correlation With Market

Poor diversification

The correlation between Pacer Lunt Large and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pacer Lunt Large and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Pacer Lunt Large. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Pacer Etf

0.94	VTV	Vanguard Value Index	Pair Corr
0.93	VYM	Vanguard High Dividend	Pair Corr
0.96	IWD	iShares Russell 1000	Pair Corr
0.92	DGRO	iShares Core Dividend	Pair Corr
0.97	IVE	iShares SP 500	Pair Corr
0.96	DVY	iShares Select Dividend	Pair Corr
0.97	SPYV	SPDR Portfolio SP	Pair Corr
0.89	FVD	First Trust Value	Pair Corr
0.97	IUSV	iShares Core SP	Pair Corr
0.81	NOBL	ProShares SP 500	Pair Corr
0.65	NVDL	GraniteShares 15x Long	Pair Corr
0.65	NVDX	T Rex 2X	Pair Corr
0.65	NVDU	Direxion Daily NVDA	Pair Corr
0.88	CRPT	First Trust SkyBridge	Pair Corr
0.86	BITX	Volatility Shares Trust	Pair Corr
0.83	CONL	GraniteShares ETF Trust	Pair Corr
0.87	DAPP	VanEck Digital Trans	Pair Corr
0.88	DPST	Direxion Daily Regional	Pair Corr
0.85	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.75	HD	Home Depot	Pair Corr
0.83	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.91	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.89	WMT	Walmart Aggressive Push	Pair Corr
0.67	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.86	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.86	DIS	Walt Disney Sell-off Trend	Pair Corr
0.65	HPQ	HP Inc	Pair Corr
0.85	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr

Moving against Pacer Etf

0.68	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.68	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.53	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	PALC	CALF	PAMC	COWZ	GCOW
PALC		0.78	0.95	0.92	-0.57	PALC
CALF	0.78		0.84	0.91	-0.17	CALF
PAMC	0.95	0.84		0.95	-0.58	PAMC
COWZ	0.92	0.91	0.95		-0.4	COWZ
GCOW	-0.57	-0.17	-0.58	-0.4		GCOW
	PALC	CALF	PAMC	COWZ	GCOW

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PAMC	+ 0.95	PALC
COWZ	+ 0.95	PAMC
COWZ	+ 0.92	PALC
COWZ	+ 0.91	CALF
PAMC	+ 0.84	CALF
CALF	+ 0.78	PALC

High negative correlations

GCOW	- 0.58	PAMC
GCOW	- 0.57	PALC
GCOW	- 0.4	COWZ
GCOW	- 0.17	CALF

Pacer Lunt Constituents Risk-Adjusted Indicators

There is a big difference between Pacer Etf performing well and Pacer Lunt 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 Pacer Lunt'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
PALC	0.53	0.02	0.00	0.16	0.42	(0.63)	1.16	(0.94)	3.74
CALF	0.98	(0.12)	(0.05)	0.05	1.00	(1.16)	2.04	(1.50)	7.52
PAMC	0.66	0.02	0.04	0.15	0.55	(0.73)	1.42	(1.14)	5.04
COWZ	0.64	(0.02)	(0.04)	0.11	0.65	(0.71)	1.37	(1.14)	3.93
GCOW	0.47	(0.06)	0.00	(0.08)	0.00	0.00	0.91	(1.07)	2.66

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