Pacer Trendpilot Correlations

PTMC Etf

USD 36.68 0.43 1.19%

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

Very weak diversification

The correlation between Pacer Trendpilot Mid and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pacer Trendpilot Mid 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 Trendpilot Mid. 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

0.91	VO	Vanguard Mid Cap	Pair Corr
0.96	VXF	Vanguard Extended Market	Pair Corr
1.0	IJH	iShares Core SP	Pair Corr
0.95	IWR	iShares Russell Mid	Pair Corr
1.0	MDY	SPDR SP MIDCAP	Pair Corr
0.74	FV	First Trust Dorsey	Pair Corr
1.0	IVOO	Vanguard SP Mid	Pair Corr
0.98	JHMM	John Hancock Multifactor	Pair Corr
0.98	BBMC	JPMorgan BetaBuilders Mid	Pair Corr
0.98	XMMO	Invesco SP MidCap	Pair Corr
0.73	UPRO	ProShares UltraPro SP500	Pair Corr
0.77	AA	Alcoa Corp	Pair Corr
0.85	CAT	Caterpillar	Pair Corr
0.68	TRV	The Travelers Companies	Pair Corr
0.92	HD	Home Depot	Pair Corr
0.61	DIS	Walt Disney	Pair Corr
0.73	BAC	Bank of America Aggressive Push	Pair Corr

Moving against Pacer Etf

0.54

PFE

Pfizer Inc

Pair Corr

Related Correlations Analysis

	PTLC	PTNQ	PTEU	PTIN	GCOW
PTLC		0.78	0.52	0.65	0.48	PTLC
PTNQ	0.78		0.47	0.47	0.24	PTNQ
PTEU	0.52	0.47		0.93	0.9	PTEU
PTIN	0.65	0.47	0.93		0.95	PTIN
GCOW	0.48	0.24	0.9	0.95		GCOW
	PTLC	PTNQ	PTEU	PTIN	GCOW

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Pacer Trendpilot Constituents Risk-Adjusted Indicators

There is a big difference between Pacer Etf performing well and Pacer Trendpilot 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 Trendpilot'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
PTLC	0.62	0.01	0.02	(0.01)	0.92	(0.59)	1.09	(1.49)	3.61
PTNQ	0.54	0.02	0.04	0.03	0.72	(0.56)	1.14	(1.19)	3.14
PTEU	0.67	0.13	0.17	0.30	0.76	(0.73)	1.23	(1.64)	4.22
PTIN	0.55	0.09	0.13	0.14	0.65	(0.60)	1.17	(0.96)	3.28
GCOW	0.50	0.07	0.12	0.19	0.62	(0.52)	0.96	(0.89)	3.39

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