Pacer Cfra Stovall Equal Etf Market Value
| SZNE Etf | USD 36.77 0.15 0.41% |
| Symbol | Pacer |
The market value of Pacer CFRA Stovall 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 CFRA's value that differs from its market value or its book value, called intrinsic value, which is Pacer CFRA'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 CFRA's market value can be influenced by many factors that don't directly affect Pacer CFRA'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 CFRA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pacer CFRA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pacer CFRA'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 CFRA '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 CFRA'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 CFRA.
| 06/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in Pacer CFRA on June 28, 2023 and sell it all today you would earn a total of 0.00 from holding Pacer CFRA Stovall Equal or generate 0.0% return on investment in Pacer CFRA over 300 days. Pacer CFRA is related to or competes with Pacer Trendpilot, Pacer Trendpilot, Pacer Trendpilot, Pacer Trendpilot, and RiverFront Dynamic. The index uses an objective, rules-based methodology to track the performance of a semi-annual rotation of certain secto... More
Pacer CFRA 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 CFRA'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 CFRA Stovall Equal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9314 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 3.74 | |||
| Value At Risk | (1.51) | |||
| Potential Upside | 1.32 |
Pacer CFRA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pacer CFRA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pacer CFRA's standard deviation. In reality, there are many statistical measures that can use Pacer CFRA historical prices to predict the future Pacer CFRA's volatility.| Risk Adjusted Performance | 0.0624 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0566 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pacer CFRA'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 CFRA Stovall Backtested Returns
We consider Pacer CFRA very steady. Pacer CFRA Stovall maintains Sharpe Ratio (i.e., Efficiency) of 0.059, which implies the entity had a 0.059% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Pacer CFRA Stovall, which you can use to evaluate the volatility of the etf. Please check Pacer CFRA's Coefficient Of Variation of 1025.4, risk adjusted performance of 0.0624, and Semi Deviation of 0.817 to confirm if the risk estimate we provide is consistent with the expected return of 0.0493%. The etf holds a Beta of 1.27, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Pacer CFRA will likely underperform.
Auto-correlation | -0.87 |
Excellent reverse predictability
Pacer CFRA Stovall Equal has excellent reverse predictability. Overlapping area represents the amount of predictability between Pacer CFRA time series from 28th of June 2023 to 25th of November 2023 and 25th of November 2023 to 23rd 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 CFRA Stovall price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current Pacer CFRA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.87 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 2.41 |
Pacer CFRA Stovall lagged returns against current returns
Autocorrelation, which is Pacer CFRA 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 CFRA's etf expected returns. We can calculate the autocorrelation of Pacer CFRA returns to help us make a trade decision. For example, suppose you find that Pacer CFRA 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 CFRA 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 CFRA etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pacer CFRA etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pacer CFRA etf over time.
Current vs Lagged Prices |
| Timeline |
Pacer CFRA Lagged Returns
When evaluating Pacer CFRA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pacer CFRA etf have on its future price. Pacer CFRA 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 CFRA autocorrelation shows the relationship between Pacer CFRA etf current value and its past values and can show if there is a momentum factor associated with investing in Pacer CFRA Stovall Equal.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Pacer CFRA Stovall is a strong investment it is important to analyze Pacer CFRA's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Pacer CFRA's future performance. For an informed investment choice regarding Pacer Etf, refer to the following important reports:Check out Pacer CFRA Correlation, Pacer CFRA Volatility and Pacer CFRA Alpha and Beta module to complement your research on Pacer CFRA. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Pacer CFRA 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.