Pacer Large Cap Etf Market Value
| COWG Etf | 33.25 0.19 0.57% |
| Symbol | Pacer |
The market value of Pacer Large Cap 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 Large's value that differs from its market value or its book value, called intrinsic value, which is Pacer Large'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 Large's market value can be influenced by many factors that don't directly affect Pacer Large'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 Large's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pacer Large is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pacer Large'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 Large '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 Large'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 Large.
| 12/20/2024 |
| 01/19/2025 |
If you would invest 0.00 in Pacer Large on December 20, 2024 and sell it all today you would earn a total of 0.00 from holding Pacer Large Cap or generate 0.0% return on investment in Pacer Large over 30 days. Pacer Large is related to or competes with Vanguard Mid, IShares Russell, ARK Innovation, IShares SP, IShares Morningstar, SPDR Kensho, and SPDR SP. Pacer Large is entity of United States. It is traded as Etf on NASDAQ exchange. More
Pacer Large 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 Large'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 Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.41 | |||
| Information Ratio | 0.1176 | |||
| Maximum Drawdown | 6.88 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 2.15 |
Pacer Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pacer Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pacer Large's standard deviation. In reality, there are many statistical measures that can use Pacer Large historical prices to predict the future Pacer Large's volatility.| Risk Adjusted Performance | 0.1222 | |||
| Jensen Alpha | 0.1488 | |||
| Total Risk Alpha | 0.1315 | |||
| Sortino Ratio | 0.099 | |||
| Treynor Ratio | 0.2942 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pacer Large's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Pacer Large Cap Backtested Returns
At this point, Pacer Large is very steady. Pacer Large Cap maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the entity had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for Pacer Large Cap, which you can use to evaluate the volatility of the etf. Please check Pacer Large's Semi Deviation of 1.07, coefficient of variation of 701.22, and Risk Adjusted Performance of 0.1222 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%. The etf holds a Beta of 0.54, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pacer Large's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pacer Large is expected to be smaller as well.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Pacer Large Cap has insignificant reverse predictability. Overlapping area represents the amount of predictability between Pacer Large time series from 20th of December 2024 to 4th of January 2025 and 4th of January 2025 to 19th of January 2025. 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 Large Cap price movement. The serial correlation of -0.2 indicates that over 20.0% of current Pacer Large price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Pacer Large Cap lagged returns against current returns
Autocorrelation, which is Pacer Large 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 Large's etf expected returns. We can calculate the autocorrelation of Pacer Large returns to help us make a trade decision. For example, suppose you find that Pacer Large 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 Large 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 Large etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pacer Large etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pacer Large etf over time.
Current vs Lagged Prices |
| Timeline |
Pacer Large Lagged Returns
When evaluating Pacer Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pacer Large etf have on its future price. Pacer Large 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 Large autocorrelation shows the relationship between Pacer Large etf current value and its past values and can show if there is a momentum factor associated with investing in Pacer Large Cap.
Regressed Prices |
| Timeline |
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Check out Pacer Large Correlation, Pacer Large Volatility and Pacer Large Alpha and Beta module to complement your research on Pacer Large. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Pacer Large 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.