Pacer Benchmark Correlations

SRVR Etf

USD 30.25 0.22 0.73%

The current 90-days correlation between Pacer Benchmark Data and Pacer Benchmark Industrial is 0.65 (i.e., Poor diversification). The correlation of Pacer Benchmark 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 Benchmark Correlation With Market

Weak diversification

The correlation between Pacer Benchmark Data and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pacer Benchmark Data and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Pacer Benchmark Data. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Pacer Etf

0.79	VNQ	Vanguard Real Estate	Pair Corr
0.82	XLRE	Real Estate	Pair Corr
0.8	IYR	iShares Real Estate	Pair Corr
0.83	ICF	iShares Cohen Steers	Pair Corr
0.77	USRT	iShares Core REIT	Pair Corr
0.77	RWR	SPDR Dow Jones	Pair Corr
0.7	BABX	GraniteShares 175x Long	Pair Corr
0.67	XPP	ProShares Ultra FTSE	Pair Corr
0.64	JNJ	Johnson Johnson	Pair Corr
0.71	INTC	Intel	Pair Corr
0.76	DD	Dupont De Nemours	Pair Corr
0.63	IBM	International Business	Pair Corr
0.68	MCD	McDonalds	Pair Corr
0.64	VZ	Verizon Communications	Pair Corr
0.72	KO	Coca Cola	Pair Corr

Moving against Pacer Etf

0.41	CAT	Caterpillar	Pair Corr
0.39	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	INDS	NXTG	FIVG	SNSR	ONLN
INDS		0.7	0.0	0.33	0.34	INDS
NXTG	0.7		0.0	0.73	0.58	NXTG
FIVG	0.0	0.0		0.0	0.0	FIVG
SNSR	0.33	0.73	0.0		0.85	SNSR
ONLN	0.34	0.58	0.0	0.85		ONLN
	INDS	NXTG	FIVG	SNSR	ONLN

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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

ONLN	+ 0.85	SNSR
SNSR	+ 0.73	NXTG
NXTG	+ 0.7	INDS
ONLN	+ 0.58	NXTG
ONLN	+ 0.34	INDS
SNSR	+ 0.33	INDS

High negative correlations

ONLN	- 0.0	FIVG
SNSR	- 0.0	FIVG
FIVG	- 0.0	NXTG
FIVG	- 0.0	INDS

Pacer Benchmark Constituents Risk-Adjusted Indicators

There is a big difference between Pacer Etf performing well and Pacer Benchmark 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 Benchmark'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
INDS	0.98	0.00	(0.06)	1.77	(1.80)	4.81
NXTG	0.76	0.03	(0.02)	1.50	(2.05)	4.67
FIVG	0.00	0.00	0.00	0.00	0.00	0.00
SNSR	1.01	(0.02)	(0.09)	2.07	(2.19)	5.56
ONLN	1.29	(0.03)	(0.10)	2.52	(2.94)	6.77

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