Pacer Funds Trust Etf Market Value
| PSFF Etf | USD 29.34 0.07 0.24% |
| Symbol | Pacer |
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.
Pacer Funds '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 Funds' 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 Funds.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Pacer Funds on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Pacer Funds Trust or generate 0.0% return on investment in Pacer Funds over 30 days. Pacer Funds is related to or competes with Innovator ETFs, First Trust, Innovator, and Innovator Equity. The fund is an actively-managed ETF that seeks to achieve its investment objective by investing in a portfolio of other ... More
Pacer Funds 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 Funds' 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 Funds Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4339 | |||
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 1.67 | |||
| Value At Risk | (0.64) | |||
| Potential Upside | 0.7869 |
Pacer Funds Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pacer Funds' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pacer Funds' standard deviation. In reality, there are many statistical measures that can use Pacer Funds historical prices to predict the future Pacer Funds' volatility.| Risk Adjusted Performance | 0.0981 | |||
| Jensen Alpha | 0.0029 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.19) | |||
| Treynor Ratio | 0.1363 |
Pacer Funds Trust Backtested Returns
At this point, Pacer Funds is very steady. Pacer Funds Trust maintains Sharpe Ratio (i.e., Efficiency) of 0.17, which implies the entity had a 0.17% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Pacer Funds Trust, which you can use to evaluate the volatility of the etf. Please check Pacer Funds' Coefficient Of Variation of 712.72, semi deviation of 0.3047, and Risk Adjusted Performance of 0.0981 to confirm if the risk estimate we provide is consistent with the expected return of 0.0659%. The etf holds a Beta of 0.34, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pacer Funds' returns are expected to increase less than the market. However, during the bear market, the loss of holding Pacer Funds is expected to be smaller as well.
Auto-correlation | 0.71 |
Good predictability
Pacer Funds Trust has good predictability. Overlapping area represents the amount of predictability between Pacer Funds time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Funds Trust price movement. The serial correlation of 0.71 indicates that around 71.0% of current Pacer Funds price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Pacer Funds Trust lagged returns against current returns
Autocorrelation, which is Pacer Funds 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 Funds' etf expected returns. We can calculate the autocorrelation of Pacer Funds returns to help us make a trade decision. For example, suppose you find that Pacer Funds 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 Funds 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 Funds etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pacer Funds etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pacer Funds etf over time.
Current vs Lagged Prices |
| Timeline |
Pacer Funds Lagged Returns
When evaluating Pacer Funds' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pacer Funds etf have on its future price. Pacer Funds 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 Funds autocorrelation shows the relationship between Pacer Funds etf current value and its past values and can show if there is a momentum factor associated with investing in Pacer Funds Trust.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Pacer Funds Trust is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Pacer Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Pacer Funds Trust Etf. Highlighted below are key reports to facilitate an investment decision about Pacer Funds Trust Etf:Check out Pacer Funds Correlation, Pacer Funds Volatility and Pacer Funds Alpha and Beta module to complement your research on Pacer Funds. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Pacer Funds 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.