Pacer Trendpilot Correlations

PTMC Etf

USD 40.12 0.06 0.15%

The current 90-days correlation between Pacer Trendpilot Mid and Pacer Trendpilot Large is 0.8 (i.e., Very poor diversification). The correlation of Pacer Trendpilot 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.

Pacer Trendpilot Correlation With Market

Almost no diversification

The correlation between Pacer Trendpilot Mid and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pacer Trendpilot Mid and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pacer Trendpilot Mid. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Pacer Etf

0.98	VO	Vanguard Mid Cap	Pair Corr
0.99	VXF	Vanguard Extended Market	Pair Corr
1.0	IJH	iShares Core SP	Pair Corr
0.99	IWR	iShares Russell Mid	Pair Corr
1.0	MDY	SPDR SP MIDCAP	Pair Corr
0.95	FV	First Trust Dorsey	Pair Corr
1.0	IVOO	Vanguard SP Mid	Pair Corr
1.0	JHMM	John Hancock Multifactor	Pair Corr
0.99	BBMC	JPMorgan BetaBuilders Mid	Pair Corr
0.97	REGL	ProShares SP MidCap Low Volatility	Pair Corr
0.93	SIXD	AIM ETF Products	Pair Corr
0.78	CEFD	ETRACS Monthly Pay	Pair Corr
0.86	TSJA	TSJA	Pair Corr
0.84	DSJA	DSJA	Pair Corr
0.92	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.86	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.98	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.85	DIS	Walt Disney Sell-off Trend	Pair Corr
0.61	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.78	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.89	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.87	WMT	Walmart Aggressive Push	Pair Corr
0.9	CVX	Chevron Corp Sell-off Trend	Pair Corr

Moving against Pacer Etf

0.83	VIIX	VIIX	Pair Corr
0.83	ULE	ProShares Ultra Euro	Pair Corr
0.77	YCL	ProShares Ultra Yen	Pair Corr
0.75	FXY	Invesco CurrencyShares	Pair Corr
0.78	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.75	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.74	KO	Coca Cola Aggressive Push	Pair Corr
0.7	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.58	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	PTLC	PTNQ	PTEU	PTIN	GCOW
PTLC		0.99	-0.59	-0.48	-0.48	PTLC
PTNQ	0.99		-0.54	-0.45	-0.47	PTNQ
PTEU	-0.59	-0.54		0.95	0.91	PTEU
PTIN	-0.48	-0.45	0.95		0.95	PTIN
GCOW	-0.48	-0.47	0.91	0.95		GCOW
	PTLC	PTNQ	PTEU	PTIN	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

PTNQ	+ 0.99	PTLC
PTIN	+ 0.95	PTEU
GCOW	+ 0.95	PTIN
GCOW	+ 0.91	PTEU

High negative correlations

PTEU	- 0.59	PTLC
PTEU	- 0.54	PTNQ
GCOW	- 0.48	PTLC
PTIN	- 0.48	PTLC
GCOW	- 0.47	PTNQ
PTIN	- 0.45	PTNQ

Pacer Trendpilot Constituents Risk-Adjusted Indicators

There is a big difference between Pacer Etf performing well and Pacer Trendpilot 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 Trendpilot'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
PTLC	0.54	0.01	(0.02)	0.13	0.65	(0.55)	1.22	(1.34)	3.88
PTNQ	0.42	0.00	(0.09)	0.13	0.51	(0.44)	0.91	(1.16)	3.02
PTEU	0.77	(0.17)	0.00	(0.32)	0.00	0.00	1.36	(1.79)	5.70
PTIN	0.63	(0.12)	0.00	(0.15)	0.00	0.00	1.14	(1.42)	3.57
GCOW	0.47	(0.06)	0.00	(0.08)	0.00	0.00	0.91	(1.07)	2.66

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