Pacer Emerging Correlations

Etfs . USA . 
Etf . Pacer Emerging Markets
ECOW Etf  USD 20.54  0.13  0.64%   
The current 90-days correlation between Pacer Emerging Markets and Pacer Cash Cows is 0.62 (i.e., Poor diversification). The correlation of Pacer Emerging is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Pacer Emerging Correlation With Market

Weak diversification

The correlation between Pacer Emerging Markets and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pacer Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Pacer Emerging Markets. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Pacer Etf

  0.84VWO Vanguard FTSE EmergingPairCorr
  0.96IEMG iShares Core MSCIPairCorr
  0.74EMC Global X FundsPairCorr
  0.88EEM iShares MSCI EmergingPairCorr
  0.95SPEM SPDR Portfolio EmergingPairCorr
  0.95FNDE Schwab FundamentalPairCorr
  0.89ESGE iShares ESG AwarePairCorr
  0.85SFGRX Seafarer OverseasPairCorr
  0.68DGS WisdomTree EmergingPairCorr
  0.72XSOE WisdomTree EmergingPairCorr
  0.8FXY Invesco CurrencySharesPairCorr
  0.75PMBS PIMCO Mortgage BackedPairCorr
  0.68AMPD Tidal Trust IIPairCorr
  0.91GDXU MicroSectors Gold MinersPairCorr
  0.78KO Coca ColaPairCorr
  0.85T ATT Inc Sell-off TrendPairCorr
  0.75MCD McDonaldsPairCorr
  0.63CSCO Cisco SystemsPairCorr
  0.63TRV The Travelers CompaniesPairCorr
  0.75VZ Verizon CommunicationsPairCorr
  0.61XOM Exxon Mobil Corp Earnings Call This WeekPairCorr
  0.73MMM 3M CompanyPairCorr
  0.71INTC Intel Sell-off TrendPairCorr

Moving against Pacer Etf

  0.6WGMI Valkyrie Bitcoin MinersPairCorr
  0.38HPQ HP IncPairCorr
  0.6MSFT Microsoft Aggressive PushPairCorr
  0.48CAT CaterpillarPairCorr
  0.46DIS Walt DisneyPairCorr
  0.37AXP American ExpressPairCorr

Related Correlations Analysis

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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   
FDTS
+ 0.97
ICOW
DDIV
+ 0.96
DVLU
DDIV
+ 0.87
HERD
DVLU
+ 0.84
HERD
FDTS
+ 0.09
HERD
ICOW
+ 0.02
HERD
  
High negative correlations   
DVLU
- 0.33
ICOW
DVLU
- 0.26
FDTS
DDIV
- 0.13
ICOW
DDIV
- 0.08
FDTS

Pacer Emerging Constituents Risk-Adjusted Indicators

There is a big difference between Pacer Etf performing well and Pacer Emerging 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 Emerging'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.

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