Pacer Trendpilot Mid Etf Market Value
| PTMC Etf | USD 36.75 0.15 0.41% |
| Symbol | Pacer |
The market value of Pacer Trendpilot Mid 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 Trendpilot's value that differs from its market value or its book value, called intrinsic value, which is Pacer Trendpilot'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 Trendpilot's market value can be influenced by many factors that don't directly affect Pacer Trendpilot'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 Trendpilot's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pacer Trendpilot is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pacer Trendpilot'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 Trendpilot '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 Trendpilot'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 Trendpilot.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Pacer Trendpilot on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding Pacer Trendpilot Mid or generate 0.0% return on investment in Pacer Trendpilot over 30 days. Pacer Trendpilot is related to or competes with Pacer Trendpilot, Pacer Trendpilot, Pacer Trendpilot, Pacer Trendpilot, and Pacer Global. The fund invests at least 80 percent of its total assets in the component securities of the index More
Pacer Trendpilot 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 Trendpilot'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 Trendpilot Mid upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 5.57 | |||
| Value At Risk | (1.30) | |||
| Potential Upside | 1.55 |
Pacer Trendpilot Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pacer Trendpilot's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pacer Trendpilot's standard deviation. In reality, there are many statistical measures that can use Pacer Trendpilot historical prices to predict the future Pacer Trendpilot's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.08) |
Pacer Trendpilot Mid Backtested Returns
Pacer Trendpilot Mid 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. Pacer Trendpilot Mid exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pacer Trendpilot's Risk Adjusted Performance of (0.04), coefficient of variation of (1,865), and Variance of 0.8859 to confirm the risk estimate we provide. The etf holds a Beta of 0.76, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pacer Trendpilot's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pacer Trendpilot is expected to be smaller as well.
Auto-correlation | 0.18 |
Very weak predictability
Pacer Trendpilot Mid has very weak predictability. Overlapping area represents the amount of predictability between Pacer Trendpilot time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 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 Trendpilot Mid price movement. The serial correlation of 0.18 indicates that over 18.0% of current Pacer Trendpilot price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
Pacer Trendpilot Mid lagged returns against current returns
Autocorrelation, which is Pacer Trendpilot 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 Trendpilot's etf expected returns. We can calculate the autocorrelation of Pacer Trendpilot returns to help us make a trade decision. For example, suppose you find that Pacer Trendpilot 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 Trendpilot 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 Trendpilot etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pacer Trendpilot etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pacer Trendpilot etf over time.
Current vs Lagged Prices |
| Timeline |
Pacer Trendpilot Lagged Returns
When evaluating Pacer Trendpilot's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pacer Trendpilot etf have on its future price. Pacer Trendpilot 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 Trendpilot autocorrelation shows the relationship between Pacer Trendpilot etf current value and its past values and can show if there is a momentum factor associated with investing in Pacer Trendpilot Mid.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Pacer Trendpilot Mid offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Pacer Trendpilot's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Pacer Trendpilot Mid Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Pacer Trendpilot Mid Etf:Check out Pacer Trendpilot Correlation, Pacer Trendpilot Volatility and Pacer Trendpilot Alpha and Beta module to complement your research on Pacer Trendpilot. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Pacer Trendpilot 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.