Michael Mack - Pacer Funds Portfolio Mang
| SHPP Etf | USD 27.08 0.15 0.56% |
| Phone | (610) 644-8100 |
| Issuer | Pacer Financial |
| Inception Date | 2022-06-07 |
| Benchmark | Pacer Global Supply Chain Infrastructure Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 1.12 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Theme |
| Market Concentration | Developed Markets |
| Region | Global |
Pacer Funds Trust Money Managers
| Bruce Kavanaugh, Portfolio Mang | ||
| Michael Mack, Portfolio Mang |
Pacer Etf Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right etf is not an easy task. Is Pacer Funds a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Total Asset | 869.97 K | |||
| Annual Yield | 0.03 % | |||
| One Year Return | 3.60 % | |||
| Net Asset | 869.97 K | |||
| Equity Positions Weight | 99.50 % |
Pair Trading with Pacer Funds
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Pacer Funds position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Pacer Funds will appreciate offsetting losses from the drop in the long position's value.Moving together with Pacer Etf
| 0.73 | XLI | Industrial Select Sector | PairCorr |
| 0.68 | ITA | iShares Aerospace Defense Low Volatility | PairCorr |
| 0.76 | VIS | Vanguard Industrials | PairCorr |
The ability to find closely correlated positions to Pacer Funds could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pacer Funds when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Pacer Funds - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Pacer Funds Trust to buy it.
The correlation of Pacer Funds 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pacer Funds moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pacer Funds Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Pacer Funds can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Pacer Funds Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
The market value of Pacer Funds Trust is measured differently than its book value, which is the value of Pacer that is recorded on the company's balance sheet. Investors also form their own opinion of Pacer Funds' value that differs from its market value or its book value, called intrinsic value, which is Pacer Funds' 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 Pacer Funds' market value can be influenced by many factors that don't directly affect Pacer Funds' 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 Pacer Funds' value and its price as these two are different measures arrived at by different means. Investors typically determine if Pacer Funds is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pacer Funds' 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.