Pacer Global Five Year Return vs. One Year Return
| GCOW Etf | USD 34.86 0.15 0.43% |
For Pacer Global profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Pacer Global to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Pacer Global Cash utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Pacer Global's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Pacer Global Cash over time as well as its relative position and ranking within its peers.
Pacer |
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.
Pacer Global Cash One Year Return vs. Five Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Pacer Global's current stock value. Our valuation model uses many indicators to compare Pacer Global value to that of its competitors to determine the firm's financial worth. Pacer Global Cash is rated # 5 ETF in five year return as compared to similar ETFs. It is rated below average in one year return as compared to similar ETFs reporting about 1.49 of One Year Return per Five Year Return. Comparative valuation analysis is a catch-all technique that is used if you cannot value Pacer Global by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Pacer One Year Return vs. Five Year Return
Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
Pacer Global |
| = | 7.40 % |
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Pacer Global |
| = | 11.00 % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Pacer One Year Return Comparison
Pacer Global is rated below average in one year return as compared to similar ETFs.
Pacer Global Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Pacer Global, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Pacer Global will eventually generate negative long term returns. The profitability progress is the general direction of Pacer Global's change in net profit over the period of time. It can combine multiple indicators of Pacer Global, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
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 Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Pacer Global. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Pacer Global position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Pacer Global's important profitability drivers and their relationship over time.
| Five Year Return vs Beta | ||
| Three Year Return vs One Year Return | ||
| Five Year Return vs Net Asset | ||
| Last Dividend Paid vs One Year Return | ||
| Five Year Return vs Equity Positions Weight |
Use Pacer Global in pair-trading
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 Global 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 Global will appreciate offsetting losses from the drop in the long position's value.Pacer Global Pair Trading
Pacer Global Cash Pair Trading Analysis
The ability to find closely correlated positions to Pacer Global 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 Global 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 Global - 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 Global Cash to buy it.
The correlation of Pacer Global 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 Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pacer Global Cash 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 Global 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.Use Investing Themes to Complement your Pacer Global position
In addition to having Pacer Global in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Transportation Thematic Idea Now
Transportation
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Transportation theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Transportation Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Risk vs Return Analysis. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
To fully project Pacer Global's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Pacer Global Cash at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Pacer Global's income statement, its balance sheet, and the statement of cash flows.