Pacer Pacific Asset Etf Market Value
| FLRT Etf | USD 47.72 0.04 0.08% |
| Symbol | Pacer |
The market value of Pacer Pacific Asset 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 Pacific's value that differs from its market value or its book value, called intrinsic value, which is Pacer Pacific'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 Pacific's market value can be influenced by many factors that don't directly affect Pacer Pacific'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 Pacific's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pacer Pacific is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pacer Pacific'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 Pacific '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 Pacific'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 Pacific.
| 12/21/2023 |
| 04/19/2024 |
If you would invest 0.00 in Pacer Pacific on December 21, 2023 and sell it all today you would earn a total of 0.00 from holding Pacer Pacific Asset or generate 0.0% return on investment in Pacer Pacific over 120 days. Pacer Pacific is related to or competes with First Trust, First Trust, First Trust, First Trust, and First Trust. The fund seeks to achieve its investment objective by selecting a focused portfolio comprised primarily of income-produc... More
Pacer Pacific 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 Pacific'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 Pacific Asset upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.0611 | |||
| Information Ratio | (0.47) | |||
| Maximum Drawdown | 0.2566 | |||
| Value At Risk | (0.08) | |||
| Potential Upside | 0.1498 |
Pacer Pacific Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pacer Pacific's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pacer Pacific's standard deviation. In reality, there are many statistical measures that can use Pacer Pacific historical prices to predict the future Pacer Pacific's volatility.| Risk Adjusted Performance | 0.2434 | |||
| Jensen Alpha | 0.0237 | |||
| Total Risk Alpha | 0.0195 | |||
| Sortino Ratio | (0.53) | |||
| Treynor Ratio | 0.6471 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pacer Pacific's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Pacer Pacific Asset Backtested Returns
We consider Pacer Pacific very steady. Pacer Pacific Asset maintains Sharpe Ratio (i.e., Efficiency) of 0.54, which implies the entity had a 0.54% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Pacer Pacific Asset, which you can use to evaluate the volatility of the etf. Please check Pacer Pacific's Standard Deviation of 0.0689, risk adjusted performance of 0.2434, and Downside Deviation of 0.0611 to confirm if the risk estimate we provide is consistent with the expected return of 0.036%. The etf holds a Beta of 0.0402, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pacer Pacific's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pacer Pacific is expected to be smaller as well.
Auto-correlation | 0.98 |
Excellent predictability
Pacer Pacific Asset has excellent predictability. Overlapping area represents the amount of predictability between Pacer Pacific time series from 21st of December 2023 to 19th of February 2024 and 19th of February 2024 to 19th of April 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 Pacific Asset price movement. The serial correlation of 0.98 indicates that 98.0% of current Pacer Pacific price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.98 | |
| Spearman Rank Test | 0.98 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Pacer Pacific Asset lagged returns against current returns
Autocorrelation, which is Pacer Pacific 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 Pacific's etf expected returns. We can calculate the autocorrelation of Pacer Pacific returns to help us make a trade decision. For example, suppose you find that Pacer Pacific 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 Pacific 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 Pacific etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pacer Pacific etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pacer Pacific etf over time.
Current vs Lagged Prices |
| Timeline |
Pacer Pacific Lagged Returns
When evaluating Pacer Pacific's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pacer Pacific etf have on its future price. Pacer Pacific 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 Pacific autocorrelation shows the relationship between Pacer Pacific etf current value and its past values and can show if there is a momentum factor associated with investing in Pacer Pacific Asset.
Regressed Prices |
| Timeline |
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Pacer Pacific 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.