Pacer Benchmark Industrial Etf Market Value
| INDS Etf | USD 38.61 0.35 0.91% |
| Symbol | Pacer |
The market value of Pacer Benchmark Indu 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 Benchmark's value that differs from its market value or its book value, called intrinsic value, which is Pacer Benchmark'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 Benchmark's market value can be influenced by many factors that don't directly affect Pacer Benchmark'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 Benchmark's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pacer Benchmark is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pacer Benchmark'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 Benchmark '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 Benchmark'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 Benchmark.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Pacer Benchmark on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Pacer Benchmark Industrial or generate 0.0% return on investment in Pacer Benchmark over 720 days. Pacer Benchmark is related to or competes with Pacer Benchmark, US Diversified, and Nuveen Short. The index was developed by Kelly Benchmark Indexes, and measures the performance of the industrial real estate sector of... More
Pacer Benchmark 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 Benchmark'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 Benchmark Industrial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 5.14 | |||
| Value At Risk | (1.81) | |||
| Potential Upside | 1.33 |
Pacer Benchmark Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pacer Benchmark's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pacer Benchmark's standard deviation. In reality, there are many statistical measures that can use Pacer Benchmark historical prices to predict the future Pacer Benchmark's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.41) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pacer Benchmark'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 Benchmark Indu Backtested Returns
Pacer Benchmark Indu maintains Sharpe Ratio (i.e., Efficiency) of -0.14, which implies the entity had a -0.14% return per unit of risk over the last 3 months. Pacer Benchmark Indu exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pacer Benchmark's Coefficient Of Variation of (937.03), variance of 1.03, and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The etf holds a Beta of 0.29, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pacer Benchmark's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pacer Benchmark is expected to be smaller as well.
Auto-correlation | -0.52 |
Good reverse predictability
Pacer Benchmark Industrial has good reverse predictability. Overlapping area represents the amount of predictability between Pacer Benchmark time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th of November 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 Benchmark Indu price movement. The serial correlation of -0.52 indicates that about 52.0% of current Pacer Benchmark price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 4.19 |
Pacer Benchmark Indu lagged returns against current returns
Autocorrelation, which is Pacer Benchmark 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 Benchmark's etf expected returns. We can calculate the autocorrelation of Pacer Benchmark returns to help us make a trade decision. For example, suppose you find that Pacer Benchmark 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 Benchmark 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 Benchmark etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pacer Benchmark etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pacer Benchmark etf over time.
Current vs Lagged Prices |
| Timeline |
Pacer Benchmark Lagged Returns
When evaluating Pacer Benchmark's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pacer Benchmark etf have on its future price. Pacer Benchmark 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 Benchmark autocorrelation shows the relationship between Pacer Benchmark etf current value and its past values and can show if there is a momentum factor associated with investing in Pacer Benchmark Industrial.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Pacer Benchmark Correlation, Pacer Benchmark Volatility and Pacer Benchmark Alpha and Beta module to complement your research on Pacer Benchmark. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Pacer Benchmark 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.