Pacer Lunt Correlations

PAMC Etf

USD 47.29 0.70 1.50%

The current 90-days correlation between Pacer Lunt MidCap and Pacer Lunt Large is 0.83 (i.e., Very poor diversification). The correlation of Pacer Lunt 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 Lunt Correlation With Market

Modest diversification

The correlation between Pacer Lunt MidCap and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pacer Lunt MidCap and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pacer Lunt MidCap. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Pacer Etf

0.99	VO	Vanguard Mid Cap	Pair Corr
0.95	VXF	Vanguard Extended Market	Pair Corr
0.99	IJH	iShares Core SP	Pair Corr
0.99	IWR	iShares Russell Mid	Pair Corr
0.99	MDY	SPDR SP MIDCAP	Pair Corr
0.89	FV	First Trust Dorsey	Pair Corr
0.99	IVOO	Vanguard SP Mid	Pair Corr
0.99	JHMM	John Hancock Multifactor	Pair Corr
0.99	BBMC	JPMorgan BetaBuilders Mid	Pair Corr
0.99	XMMO	Invesco SP MidCap	Pair Corr
0.85	HUM	Humana Inc Fiscal Year End 23rd of January 2025	Pair Corr
0.87	VTI	Vanguard Total Stock	Pair Corr
0.71	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.83	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.71	CSCO	Cisco Systems	Pair Corr
0.81	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.71	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.61	WMT	Walmart	Pair Corr
0.64	HD	Home Depot	Pair Corr
0.7	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr

Moving against Pacer Etf

0.48	FNGD	MicroSectors FANG Index	Pair Corr
0.39	LUX	Tema ETF Trust	Pair Corr
0.31	IGLD	FT Cboe Vest	Pair Corr
0.57	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.51	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.33	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	PALC	ALTL	PTBD	BUL	SZNE
PALC		0.92	0.45	0.85	0.82	PALC
ALTL	0.92		0.44	0.67	0.86	ALTL
PTBD	0.45	0.44		0.59	0.65	PTBD
BUL	0.85	0.67	0.59		0.75	BUL
SZNE	0.82	0.86	0.65	0.75		SZNE
	PALC	ALTL	PTBD	BUL	SZNE

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Pacer Lunt Constituents Risk-Adjusted Indicators

There is a big difference between Pacer Etf performing well and Pacer Lunt 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 Lunt'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
PALC	0.59	0.00	(0.01)	0.04	0.77	(0.66)	1.12	(1.03)	5.88
ALTL	0.50	(0.01)	0.00	(0.06)	0.00	0.00	1.03	(0.96)	3.84
PTBD	0.21	(0.03)	0.00	(0.76)	0.00	0.00	0.35	(0.40)	1.69
BUL	0.82	0.03	0.02	0.18	1.07	(0.80)	1.47	(1.52)	5.86
SZNE	0.59	(0.09)	0.00	(0.38)	0.00	0.00	1.18	(1.15)	5.81

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