Pacer Cash Correlations
| HERD Etf | USD 40.57 0.15 0.37% |
The current 90-days correlation between Pacer Cash Cows and Horizon Kinetics Inflation is 0.22 (i.e., Modest diversification). The correlation of Pacer Cash 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.
Pacer Cash Correlation With Market
Poor diversification
The correlation between Pacer Cash Cows and DJI is 0.63 (i.e., Poor 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.
Pacer |
Moving together with Pacer Etf
| 0.87 | DGT | SPDR Global Dow | PairCorr |
| 0.82 | DEW | WisdomTree Global High | PairCorr |
| 0.85 | WLDR | Affinity World Leaders | PairCorr |
| 0.86 | FPAG | Northern Lights | PairCorr |
| 0.91 | ITDD | iShares Trust | PairCorr |
| 0.78 | VB | Vanguard Small Cap | PairCorr |
| 0.65 | EOS | Eaton Vance Enhanced | PairCorr |
| 0.61 | IBM | International Business Sell-off Trend | PairCorr |
| 0.72 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.86 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.8 | HD | Home Depot | PairCorr |
| 0.66 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.67 | HPQ | HP Inc | PairCorr |
| 0.79 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.69 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
Moving against Pacer Etf
| 0.38 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.34 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
Related Correlations Analysis
| 0.82 | -0.63 | -0.91 | -0.88 | INFL | ||
| 0.82 | -0.67 | -0.83 | -0.67 | CTA | ||
| -0.63 | -0.67 | 0.83 | 0.61 | DBMF | ||
| -0.91 | -0.83 | 0.83 | 0.83 | IVOL | ||
| -0.88 | -0.67 | 0.61 | 0.83 | KMLM | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| INFL | 0.70 | 0.19 | 0.12 | 0.97 | 0.61 | 1.67 | 4.62 | |||
| CTA | 0.61 | 0.00 | (0.04) | 0.00 | 0.51 | 1.33 | 4.01 | |||
| DBMF | 0.37 | (0.07) | 0.00 | (0.10) | 0.00 | 0.57 | 2.11 | |||
| IVOL | 0.42 | (0.12) | 0.00 | 3.51 | 0.00 | 0.62 | 3.35 | |||
| KMLM | 0.57 | (0.09) | 0.00 | (2.23) | 0.00 | 1.32 | 3.36 |