Pacer Global Cash Etf Performance
| GCOW Etf | USD 35.00 0.14 0.40% |
The etf holds a Beta of 0.34, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pacer Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pacer Global is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days Pacer Global Cash has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly stable basic indicators, Pacer Global is not utilizing all of its potentials. The latest stock price fuss, may contribute to near-short-term losses for the sophisticated investors. ...more
1 | GCOW Global Exposure With Higher Yield Than Peers - Seeking Alpha | 09/11/2024 |
| In Threey Sharp Ratio | 0.47 |
Pacer |
Pacer Global Relative Risk vs. Return Landscape
If you would invest 3,600 in Pacer Global Cash on August 27, 2024 and sell it today you would lose (100.00) from holding Pacer Global Cash or give up 2.78% of portfolio value over 90 days. Pacer Global Cash is currently does not generate positive expected returns and assumes 0.6065% risk (volatility on return distribution) over the 90 days horizon. In different words, 5% of etfs are less volatile than Pacer, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Pacer Global Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pacer Global's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Pacer Global Cash, and traders can use it to determine the average amount a Pacer Global's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0696
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | GCOW |
Estimated Market Risk
| 0.61 actual daily | 5 95% of assets are more volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Pacer Global is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Pacer Global by adding Pacer Global to a well-diversified portfolio.
Pacer Global Fundamentals Growth
Pacer Etf prices reflect investors' perceptions of the future prospects and financial health of Pacer Global, and Pacer Global fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Pacer Etf performance.
| Total Asset | 645.8 M | |||
About Pacer Global Performance
Evaluating Pacer Global's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Pacer Global has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Pacer Global has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Under normal circumstances, the fund will invest at least 80 percent of its total assets in the components of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities . Pacer Global is traded on BATS Exchange in the United States.| Pacer Global Cash generated a negative expected return over the last 90 days | |
| The fund retains 98.97% of its assets under management (AUM) in equities |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Pacer Global Cash. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
The market value of Pacer Global Cash 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 Global's value that differs from its market value or its book value, called intrinsic value, which is Pacer Global'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 Global's market value can be influenced by many factors that don't directly affect Pacer Global'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 Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pacer Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pacer Global'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.