Pacer Trendpilot European Etf Market Value
| PTEU Etf | USD 26.16 0.19 0.73% |
| Symbol | Pacer |
The market value of Pacer Trendpilot European 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.
| 02/28/2024 |
| 04/28/2024 |
If you would invest 0.00 in Pacer Trendpilot on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding Pacer Trendpilot European or generate 0.0% return on investment in Pacer Trendpilot over 60 days. Pacer Trendpilot is related to or competes with Pacer Trendpilot, Pacer Trendpilot, Pacer Trendpilot, Pacer Trendpilot, and Pacer Developed. Normally the fund will invest at least 80 percent of its total assets in the component securities of the index and inves... 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 European upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7881 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.53 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.45 |
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 | 0.0687 | |||
| Jensen Alpha | 0.0733 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (4.21) |
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 European Backtested Returns
We consider Pacer Trendpilot very steady. Pacer Trendpilot European maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the entity had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Pacer Trendpilot European, which you can use to evaluate the volatility of the etf. Please check Pacer Trendpilot's Coefficient Of Variation of 932.43, semi deviation of 0.6606, and Risk Adjusted Performance of 0.0687 to confirm if the risk estimate we provide is consistent with the expected return of 0.0819%. The etf holds a Beta of -0.0171, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pacer Trendpilot are expected to decrease at a much lower rate. During the bear market, Pacer Trendpilot is likely to outperform the market.
Auto-correlation | -0.51 |
Good reverse predictability
Pacer Trendpilot European has good reverse predictability. Overlapping area represents the amount of predictability between Pacer Trendpilot time series from 28th of February 2024 to 29th of March 2024 and 29th of March 2024 to 28th 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 European price movement. The serial correlation of -0.51 indicates that about 51.0% of current Pacer Trendpilot price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Pacer Trendpilot European 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 European.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Pacer Trendpilot in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Pacer Trendpilot's short interest history, or implied volatility extrapolated from Pacer Trendpilot options trading.
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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. Note that the Pacer Trendpilot European information on this page should be used as a complementary analysis to other Pacer Trendpilot's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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.