Pacer Benchmark Correlations

SRVR Etf

USD 29.58 0.19 0.65%

The current 90-days correlation between Pacer Benchmark Data and JPMorgan Realty Income is 0.63 (i.e., Poor diversification). The correlation of Pacer Benchmark 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Pacer Benchmark Correlation With Market

Poor diversification

The correlation between Pacer Benchmark Data and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pacer Benchmark Data and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Pacer Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Pacer Benchmark Data. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in services.

Moving together with Pacer Etf

0.71	XLRE	Real Estate	Pair Corr
0.62	ICF	iShares Cohen Steers	Pair Corr
0.67	NFLX	Netflix	Pair Corr
0.75	HUM	Humana Inc	Pair Corr
0.64	PCLN	2023 ETF	Pair Corr
0.83	HPQ	HP Inc	Pair Corr

Moving against Pacer Etf

0.64	FB	ProShares Trust ProShares	Pair Corr
0.44	DUKH	Ocean Park High	Pair Corr
0.39	DDFO	Innovator Equity Dual	Pair Corr
0.34	HHH	Howard Hughes Holdings	Pair Corr
0.88	CSCO	Cisco Systems	Pair Corr
0.85	DD	Dupont De Nemours	Pair Corr
0.83	JNJ	Johnson Johnson	Pair Corr
0.81	TRV	The Travelers Companies	Pair Corr
0.8	MRK	Merck Company	Pair Corr
0.68	XOM	Exxon Mobil Corp	Pair Corr
0.57	AXP	American Express	Pair Corr
0.56	BAC	Bank of America Earnings Call This Week	Pair Corr
0.51	AA	Alcoa Corp	Pair Corr
0.44	IBM	International Business	Pair Corr
0.38	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.33	PFE	Pfizer Inc	Pair Corr

Related Correlations Analysis

	JPRE	NUMG	CAOS	GVIP	AFLG	AMZA	DFVX	BITQ	QMAR	GMAR
JPRE		0.1	0.28	0.01	0.08	0.0	0.0	0.29	-0.25	-0.15	JPRE
NUMG	0.1		-0.34	0.63	0.38	-0.35	0.27	0.53	0.22	0.07	NUMG
CAOS	0.28	-0.34		-0.38	-0.35	-0.24	-0.34	0.01	-0.28	-0.24	CAOS
GVIP	0.01	0.63	-0.38		0.87	0.1	0.78	0.15	0.63	0.62	GVIP
AFLG	0.08	0.38	-0.35	0.87		0.43	0.96	-0.21	0.8	0.84	AFLG
AMZA	0.0	-0.35	-0.24	0.1	0.43		0.52	-0.67	0.49	0.56	AMZA
DFVX	0.0	0.27	-0.34	0.78	0.96	0.52		-0.39	0.88	0.93	DFVX
BITQ	0.29	0.53	0.01	0.15	-0.21	-0.67	-0.39		-0.55	-0.61	BITQ
QMAR	-0.25	0.22	-0.28	0.63	0.8	0.49	0.88	-0.55		0.94	QMAR
GMAR	-0.15	0.07	-0.24	0.62	0.84	0.56	0.93	-0.61	0.94		GMAR
	JPRE	NUMG	CAOS	GVIP	AFLG	AMZA	DFVX	BITQ	QMAR	GMAR

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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

DFVX	+ 0.96	AFLG
GMAR	+ 0.94	QMAR
GMAR	+ 0.93	DFVX
QMAR	+ 0.88	DFVX
AFLG	+ 0.87	GVIP
GMAR	+ 0.84	AFLG

High negative correlations

BITQ	- 0.67	AMZA
GMAR	- 0.61	BITQ
QMAR	- 0.55	BITQ
BITQ	- 0.39	DFVX
GVIP	- 0.38	CAOS
AFLG	- 0.35	CAOS

Pacer Benchmark Constituents Risk-Adjusted Indicators

There is a big difference between Pacer Etf performing well and Pacer Benchmark 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 Benchmark'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
JPRE	0.55	(0.05)	(0.12)	(0.02)	0.78	(0.55)	1.15	(1.25)	3.65
NUMG	0.85	(0.03)	0.00	(0.05)	0.00	0.00	1.40	(1.93)	4.18
CAOS	0.08	0.00	(0.76)	0.10	0.06	(0.09)	0.18	(0.22)	0.66
GVIP	0.88	(0.04)	(0.02)	0.05	1.24	(0.84)	2.00	(1.85)	5.15
AFLG	0.56	(0.04)	(0.06)	0.04	0.79	(0.55)	1.19	(1.27)	2.88
AMZA	0.83	(0.03)	(0.08)	(0.01)	1.04	(0.86)	1.87	(1.97)	4.99
DFVX	0.56	(0.01)	(0.03)	0.07	0.70	(0.56)	1.11	(1.08)	2.54
BITQ	3.23	(0.39)	0.00	(0.07)	0.00	0.00	6.81	(6.86)	18.79
QMAR	0.23	0.02	(0.15)	0.58	0.26	(0.24)	0.50	(0.52)	1.46
GMAR	0.14	0.01	(0.27)	0.11	0.06	(0.16)	0.32	(0.27)	0.94

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