Pacer Cash Correlations

BUL Etf

USD 46.91 0.58 1.25%

The current 90-days correlation between Pacer Cash Cows and Pacer Small Cap is -0.06 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pacer Cash moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pacer Cash Cows moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Pacer Cash Correlation With Market

Good diversification

The correlation between Pacer Cash Cows and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pacer Cash Cows and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Pacer Cash Cows. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Pacer Etf

0.84	VO	Vanguard Mid Cap	Pair Corr
0.84	VXF	Vanguard Extended Market	Pair Corr
0.82	IJH	iShares Core SP	Pair Corr
0.85	IWR	iShares Russell Mid	Pair Corr
0.92	MDY	SPDR SP MIDCAP	Pair Corr
0.76	FV	First Trust Dorsey	Pair Corr
0.81	IVOO	Vanguard SP Mid	Pair Corr
0.83	JHMM	John Hancock Multifactor	Pair Corr
0.84	BBMC	JPMorgan BetaBuilders Mid	Pair Corr
0.77	XMMO	Invesco SP MidCap	Pair Corr
0.79	UPRO	ProShares UltraPro SP500 Downward Rally	Pair Corr
0.65	AA	Alcoa Corp	Pair Corr
0.71	CAT	Caterpillar	Pair Corr
0.8	HD	Home Depot	Pair Corr

Moving against Pacer Etf

0.59

PFE

Pfizer Inc

Pair Corr

Related Correlations Analysis

	CALF	ICOW	HERD	GCOW	ECOW
CALF		-0.41	0.63	-0.49	-0.26	CALF
ICOW	-0.41		0.44	0.96	0.8	ICOW
HERD	0.63	0.44		0.36	0.42	HERD
GCOW	-0.49	0.96	0.36		0.76	GCOW
ECOW	-0.26	0.8	0.42	0.76		ECOW
	CALF	ICOW	HERD	GCOW	ECOW

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

GCOW	+ 0.96	ICOW
ECOW	+ 0.8	ICOW
ECOW	+ 0.76	GCOW
HERD	+ 0.63	CALF
HERD	+ 0.44	ICOW
ECOW	+ 0.42	HERD

High negative correlations

GCOW	- 0.49	CALF
ICOW	- 0.41	CALF
ECOW	- 0.26	CALF

Pacer Cash Constituents Risk-Adjusted Indicators

There is a big difference between Pacer Etf performing well and Pacer Cash ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Pacer Cash's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CALF	0.84	(0.29)	0.00	(0.40)	0.00	0.00	1.25	(2.11)	4.83
ICOW	0.60	0.07	0.14	0.09	0.68	(0.65)	1.23	(1.12)	3.31
HERD	0.57	(0.06)	0.00	(0.16)	0.00	0.00	0.90	(1.24)	3.78
GCOW	0.50	0.08	0.17	0.23	0.61	(0.52)	0.96	(0.89)	3.39
ECOW	0.66	(0.01)	0.00	(0.13)	0.00	0.00	1.30	(1.29)	5.40

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