Pacer CFRA Correlations

SZNE Etf

USD 36.69 0.19 0.52%

The current 90-days correlation between Pacer CFRA Stovall and Pacer Trendpilot Large is 0.82 (i.e., Very poor diversification). The correlation of Pacer CFRA 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 CFRA Correlation With Market

Modest diversification

The correlation between Pacer CFRA Stovall Equal and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pacer CFRA Stovall Equal 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 CFRA Stovall Equal. 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

0.86	VIG	Vanguard Dividend	Pair Corr
0.93	RSP	Invesco SP 500	Pair Corr
0.69	DFAC	Dimensional Core Equity	Pair Corr
0.66	VZ	Verizon Communications Fiscal Year End 28th of January 2025	Pair Corr
0.65	HPQ	HP Inc	Pair Corr
0.72	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.86	HD	Home Depot	Pair Corr
0.74	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr

Moving against Pacer Etf

0.5

Boeing Fiscal Year End 29th of January 2025

Pair Corr

Related Correlations Analysis

	PTLC	PTMC	PTNQ	PTEU	RFDA
PTLC		0.8	0.9	-0.69	0.95	PTLC
PTMC	0.8		0.5	-0.39	0.92	PTMC
PTNQ	0.9	0.5		-0.78	0.76	PTNQ
PTEU	-0.69	-0.39	-0.78		-0.65	PTEU
RFDA	0.95	0.92	0.76	-0.65		RFDA
	PTLC	PTMC	PTNQ	PTEU	RFDA

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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

RFDA	+ 0.95	PTLC
RFDA	+ 0.92	PTMC
PTNQ	+ 0.9	PTLC
PTMC	+ 0.8	PTLC
RFDA	+ 0.76	PTNQ
PTNQ	+ 0.5	PTMC

High negative correlations

PTEU	- 0.78	PTNQ
PTEU	- 0.69	PTLC
RFDA	- 0.65	PTEU
PTEU	- 0.39	PTMC

Pacer CFRA Constituents Risk-Adjusted Indicators

There is a big difference between Pacer Etf performing well and Pacer CFRA 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 CFRA'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	0.56	0.06	0.05	0.41	0.75	(0.57)	1.09	(1.13)	5.37
PTMC	0.69	0.02	0.01	0.09	0.93	(0.73)	1.62	(1.11)	8.06
PTNQ	0.46	0.07	0.09	0.86	0.51	(0.51)	1.07	(0.84)	3.62
PTEU	0.67	(0.13)	0.00	3.82	0.00	0.00	0.98	(2.14)	3.72
RFDA	0.56	0.06	0.05	0.45	0.76	(0.57)	1.19	(0.99)	6.75

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