Pacer Trendpilot Correlations

PTNQ Etf

USD 74.16 0.83 1.13%

The current 90-days correlation between Pacer Trendpilot 100 and Pacer Trendpilot Large is 0.91 (i.e., Almost no 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Pacer Trendpilot Correlation With Market

Weak diversification

The correlation between Pacer Trendpilot 100 and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pacer Trendpilot 100 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 100. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Pacer Etf

0.94	VUG	Vanguard Growth Index	Pair Corr
0.93	IWF	iShares Russell 1000	Pair Corr
0.97	IVW	iShares SP 500	Pair Corr
0.97	SPYG	SPDR Portfolio SP	Pair Corr
0.96	IUSG	iShares Core SP	Pair Corr
0.93	VONG	Vanguard Russell 1000	Pair Corr
0.94	MGK	Vanguard Mega Cap	Pair Corr
0.93	VRGWX	Vanguard Russell 1000	Pair Corr
0.99	QQQM	Invesco NASDAQ 100	Pair Corr
0.91	IWY	iShares Russell Top	Pair Corr
0.83	RXI	iShares Global Consumer	Pair Corr
0.62	WMT	Walmart Aggressive Push	Pair Corr

Moving against Pacer Etf

0.33

Alcoa Corp

Pair Corr

Related Correlations Analysis

	PTLC	PTMC	PTEU	NULG	GCOW
PTLC		0.56	0.52	0.79	0.48	PTLC
PTMC	0.56		-0.11	0.78	0.07	PTMC
PTEU	0.52	-0.11		-0.05	0.9	PTEU
NULG	0.79	0.78	-0.05		0.0	NULG
GCOW	0.48	0.07	0.9	0.0		GCOW
	PTLC	PTMC	PTEU	NULG	GCOW

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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	+ 0.9	PTEU
NULG	+ 0.79	PTLC
NULG	+ 0.78	PTMC
PTMC	+ 0.56	PTLC
PTEU	+ 0.52	PTLC
GCOW	+ 0.48	PTLC

High negative correlations

PTEU	- 0.11	PTMC
NULG	- 0.05	PTEU
GCOW	- 0.0	NULG

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
PTMC	0.69	(0.08)	0.00	(0.12)	0.00	0.00	1.28	(1.36)	5.46
PTEU	0.67	0.13	0.17	0.30	0.76	(0.73)	1.23	(1.64)	4.22
NULG	0.88	(0.05)	0.00	(0.10)	0.00	0.00	1.64	(2.26)	5.74
GCOW	0.50	0.07	0.12	0.19	0.62	(0.52)	0.96	(0.89)	3.39

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