Pacer Trendpilot Large Etf Market Value
| PTLC Etf | USD 45.57 0.11 0.24% |
| Symbol | Pacer |
The market value of Pacer Trendpilot Large 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.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Pacer Trendpilot on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Pacer Trendpilot Large or generate 0.0% return on investment in Pacer Trendpilot over 30 days. Pacer Trendpilot is related to or competes with Dimensional Targeted, Dimensional World, and Dimensional Small. 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 Large upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6981 | |||
| Information Ratio | 0.0173 | |||
| Maximum Drawdown | 3.43 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 1.08 |
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 | 0.0707 | |||
| Jensen Alpha | 0.0118 | |||
| Total Risk Alpha | 0.0025 | |||
| Sortino Ratio | 0.0179 | |||
| Treynor Ratio | 0.0703 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pacer Trendpilot'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 Trendpilot Large Backtested Returns
We consider Pacer Trendpilot very steady. Pacer Trendpilot Large maintains Sharpe Ratio (i.e., Efficiency) of 0.0813, which implies the entity had a 0.0813% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Pacer Trendpilot Large, which you can use to evaluate the volatility of the etf. Please check Pacer Trendpilot's Coefficient Of Variation of 892.79, semi deviation of 0.5888, and Risk Adjusted Performance of 0.0707 to confirm if the risk estimate we provide is consistent with the expected return of 0.0582%. The etf holds a Beta of 1.01, which implies a somewhat significant risk relative to the market. Pacer Trendpilot returns are very sensitive to returns on the market. As the market goes up or down, Pacer Trendpilot is expected to follow.
Auto-correlation | 0.58 |
Modest predictability
Pacer Trendpilot Large has modest predictability. Overlapping area represents the amount of predictability between Pacer Trendpilot time series from 20th of March 2024 to 4th of April 2024 and 4th of April 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 Trendpilot Large price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Pacer Trendpilot price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.45 |
Pacer Trendpilot Large 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 Large.
Regressed Prices |
| Timeline |
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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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
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.