Pacer Swan Sos Etf Market Value
| PSFJ Etf | USD 29.31 0.10 0.34% |
| Symbol | Pacer |
The market value of Pacer Swan SOS 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 Swan's value that differs from its market value or its book value, called intrinsic value, which is Pacer Swan'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 Swan's market value can be influenced by many factors that don't directly affect Pacer Swan'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 Swan's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pacer Swan is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pacer Swan'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 Swan '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 Swan'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 Swan.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Pacer Swan on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Pacer Swan SOS or generate 0.0% return on investment in Pacer Swan over 30 days. Pacer Swan is related to or competes with FT Cboe, Innovator, and FT Cboe. The fund is an actively managed ETF that invests substantially all of its assets in FLEX Options that reference the mark... More
Pacer Swan 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 Swan'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 Swan SOS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5696 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 2.14 | |||
| Value At Risk | (0.79) | |||
| Potential Upside | 0.734 |
Pacer Swan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pacer Swan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pacer Swan's standard deviation. In reality, there are many statistical measures that can use Pacer Swan historical prices to predict the future Pacer Swan's volatility.| Risk Adjusted Performance | 0.1126 | |||
| Jensen Alpha | 0.0031 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | 0.127 |
Pacer Swan SOS Backtested Returns
Pacer Swan is very steady at the moment. Pacer Swan SOS 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. We have found thirty technical indicators for Pacer Swan SOS, which you can use to evaluate the volatility of the etf. Please check Pacer Swan's Coefficient Of Variation of 644.35, risk adjusted performance of 0.1126, and Semi Deviation of 0.4004 to confirm if the risk estimate we provide is consistent with the expected return of 0.0632%. The etf holds a Beta of 0.49, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pacer Swan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pacer Swan is expected to be smaller as well.
Auto-correlation | 0.65 |
Good predictability
Pacer Swan SOS has good predictability. Overlapping area represents the amount of predictability between Pacer Swan time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 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 Swan SOS price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Pacer Swan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Pacer Swan SOS lagged returns against current returns
Autocorrelation, which is Pacer Swan 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 Swan's etf expected returns. We can calculate the autocorrelation of Pacer Swan returns to help us make a trade decision. For example, suppose you find that Pacer Swan 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 Swan 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 Swan etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pacer Swan etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pacer Swan etf over time.
Current vs Lagged Prices |
| Timeline |
Pacer Swan Lagged Returns
When evaluating Pacer Swan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pacer Swan etf have on its future price. Pacer Swan 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 Swan autocorrelation shows the relationship between Pacer Swan etf current value and its past values and can show if there is a momentum factor associated with investing in Pacer Swan SOS.
Regressed Prices |
| Timeline |
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Pacer Swan 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.