Pacer Trendpilot 100 Etf Market Value
| PTNQ Etf | USD 75.12 0.90 1.21% |
| Symbol | Pacer |
The market value of Pacer Trendpilot 100 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.
| 12/20/2024 |
| 01/19/2025 |
If you would invest 0.00 in Pacer Trendpilot on December 20, 2024 and sell it all today you would earn a total of 0.00 from holding Pacer Trendpilot 100 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, Nuveen ESG, 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 100 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.671 | |||
| Information Ratio | 0.0334 | |||
| Maximum Drawdown | 3.62 | |||
| Value At Risk | (1.12) | |||
| Potential Upside | 1.14 |
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 | 0.0628 | |||
| Jensen Alpha | 0.0382 | |||
| Total Risk Alpha | 0.0262 | |||
| Sortino Ratio | 0.0329 | |||
| Treynor Ratio | 0.2302 |
Pacer Trendpilot 100 Backtested Returns
Currently, Pacer Trendpilot 100 is very steady. Pacer Trendpilot 100 maintains Sharpe Ratio (i.e., Efficiency) of 0.0906, which implies the entity had a 0.0906% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Pacer Trendpilot 100, which you can use to evaluate the volatility of the etf. Please check Pacer Trendpilot's Coefficient Of Variation of 1277.5, risk adjusted performance of 0.0628, and Semi Deviation of 0.5967 to confirm if the risk estimate we provide is consistent with the expected return of 0.0611%. The etf holds a Beta of 0.18, which implies not very significant fluctuations relative to the market. 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 | -0.09 |
Very weak reverse predictability
Pacer Trendpilot 100 has very weak reverse predictability. Overlapping area represents the amount of predictability between Pacer Trendpilot time series from 20th of December 2024 to 4th of January 2025 and 4th of January 2025 to 19th of January 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 100 price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Pacer Trendpilot price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
Pacer Trendpilot 100 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 100.
Regressed Prices |
| Timeline |
Pair Trading with Pacer Trendpilot
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 Trendpilot 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 Trendpilot will appreciate offsetting losses from the drop in the long position's value.Moving together with Pacer Etf
| 0.99 | VUG | Vanguard Growth Index | PairCorr |
| 0.99 | IWF | iShares Russell 1000 | PairCorr |
| 0.99 | IVW | iShares SP 500 | PairCorr |
| 0.99 | SPYG | SPDR Portfolio SP | PairCorr |
| 0.99 | IUSG | iShares Core SP | PairCorr |
Moving against Pacer Etf
The ability to find closely correlated positions to Pacer Trendpilot 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 Trendpilot 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 Trendpilot - 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 Trendpilot 100 to buy it.
The correlation of Pacer Trendpilot 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 Trendpilot moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pacer Trendpilot 100 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 Trendpilot 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 Trendpilot Correlation, Pacer Trendpilot Volatility and Pacer Trendpilot Alpha and Beta module to complement your research on Pacer Trendpilot. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
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.