Pacer Swan Sos Etf Market Value
| PSMR Etf | USD 27.96 0.11 0.39% |
| 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.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Pacer Swan on December 5, 2022 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 720 days. Pacer Swan is related to or competes with FT Vest, Northern Lights, Dimensional International, First Trust, EA Series, FT Cboe, and FT Cboe. The fund is an actively managed exchange-traded fund that, under normal market conditions, invests substantially all of ... 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 | 0.4153 | |||
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 1.88 | |||
| Value At Risk | (0.68) | |||
| Potential Upside | 0.6601 |
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 | 0.1171 | |||
| Jensen Alpha | 0.0047 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | 0.1318 |
Pacer Swan SOS Backtested Returns
Currently, Pacer Swan SOS is very steady. 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 608.98, semi deviation of 0.2853, and Risk Adjusted Performance of 0.1171 to confirm if the risk estimate we provide is consistent with the expected return of 0.0586%. The etf holds a Beta of 0.43, 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 | 0.87 |
Very good predictability
Pacer Swan SOS has very good predictability. Overlapping area represents the amount of predictability between Pacer Swan 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 Swan SOS price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Pacer Swan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 1.02 |
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 |
Pair Trading with Pacer Swan
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Pacer Swan position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Pacer Swan will appreciate offsetting losses from the drop in the long position's value.Moving together with Pacer Etf
| 1.0 | BUFR | First Trust Cboe | PairCorr |
| 0.99 | BUFD | FT Cboe Vest | PairCorr |
| 0.99 | PSEP | Innovator SP 500 | PairCorr |
| 0.99 | PJAN | Innovator SP 500 | PairCorr |
The ability to find closely correlated positions to Pacer Swan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pacer Swan when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Pacer Swan - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Pacer Swan SOS to buy it.
The correlation of Pacer Swan is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pacer Swan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pacer Swan SOS moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Pacer Swan can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Pacer Swan Correlation, Pacer Swan Volatility and Pacer Swan Alpha and Beta module to complement your research on Pacer Swan. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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.