Pacer Bluestar Engineering Etf Market Value
| BULD Etf | USD 22.03 0.22 1.01% |
| Symbol | Pacer |
The market value of Pacer BlueStar Engin 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 BlueStar's value that differs from its market value or its book value, called intrinsic value, which is Pacer BlueStar'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 Pacer BlueStar's market value can be influenced by many factors that don't directly affect Pacer BlueStar'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 Pacer BlueStar's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pacer BlueStar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pacer BlueStar'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.
Pacer BlueStar 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Pacer BlueStar's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Pacer BlueStar.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Pacer BlueStar on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Pacer BlueStar Engineering or generate 0.0% return on investment in Pacer BlueStar over 30 days. Pacer BlueStar is related to or competes with Pacer Emerging, Pacer Funds, Pacer Funds, and Invesco BulletShares. The index is a rules-based index that consists of globally-listed stocks and depositary receipts of companies that deriv... More
Pacer BlueStar Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Pacer BlueStar's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Pacer BlueStar Engineering upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.59 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 7.53 | |||
| Value At Risk | (2.40) | |||
| Potential Upside | 2.8 |
Pacer BlueStar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pacer BlueStar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pacer BlueStar's standard deviation. In reality, there are many statistical measures that can use Pacer BlueStar historical prices to predict the future Pacer BlueStar's volatility.| Risk Adjusted Performance | 0.0345 | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0364 |
Pacer BlueStar Engin Backtested Returns
At this point, Pacer BlueStar is very steady. Pacer BlueStar Engin maintains Sharpe Ratio (i.e., Efficiency) of 0.0926, which implies the entity had a 0.0926% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Pacer BlueStar Engin, which you can use to evaluate the volatility of the etf. Please check Pacer BlueStar's Semi Deviation of 1.55, coefficient of variation of 2589.55, and Risk Adjusted Performance of 0.0345 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. The etf holds a Beta of 1.35, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Pacer BlueStar will likely underperform.
Auto-correlation | 0.34 |
Below average predictability
Pacer BlueStar Engineering has below average predictability. Overlapping area represents the amount of predictability between Pacer BlueStar time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Pacer BlueStar Engin price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Pacer BlueStar price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Pacer BlueStar Engin lagged returns against current returns
Autocorrelation, which is Pacer BlueStar etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Pacer BlueStar's etf expected returns. We can calculate the autocorrelation of Pacer BlueStar returns to help us make a trade decision. For example, suppose you find that Pacer BlueStar has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Pacer BlueStar regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Pacer BlueStar etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pacer BlueStar etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pacer BlueStar etf over time.
Current vs Lagged Prices |
| Timeline |
Pacer BlueStar Lagged Returns
When evaluating Pacer BlueStar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pacer BlueStar etf have on its future price. Pacer BlueStar autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Pacer BlueStar autocorrelation shows the relationship between Pacer BlueStar etf current value and its past values and can show if there is a momentum factor associated with investing in Pacer BlueStar Engineering.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Pacer BlueStar Engin is a strong investment it is important to analyze Pacer BlueStar's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Pacer BlueStar's future performance. For an informed investment choice regarding Pacer Etf, refer to the following important reports:Check out Pacer BlueStar Correlation, Pacer BlueStar Volatility and Pacer BlueStar Alpha and Beta module to complement your research on Pacer BlueStar. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Pacer BlueStar technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.