Pacer Small Cap Etf Market Value
| CALF Etf | USD 47.74 0.18 0.38% |
| Symbol | Pacer |
The market value of Pacer Small Cap is measured differently than its book value, which is the value of Pacer that is recorded on the company's balance sheet. Investors also form their own opinion of Pacer Small's value that differs from its market value or its book value, called intrinsic value, which is Pacer Small's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Pacer Small's market value can be influenced by many factors that don't directly affect Pacer Small's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Pacer Small's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pacer Small is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pacer Small's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Pacer Small 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Pacer Small's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Pacer Small.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Pacer Small on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Pacer Small Cap or generate 0.0% return on investment in Pacer Small over 30 days. Pacer Small is related to or competes with Pacer Cash, Pacer Global, Pacer Developed, Invesco SP, and Distillate Fundamental. Under normal circumstances, at least 80 percent of the funds total assets will be invested in the component securities o... More
Pacer Small Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Pacer Small's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Pacer Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.06 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 7.52 | |||
| Value At Risk | (1.50) | |||
| Potential Upside | 2.04 |
Pacer Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pacer Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pacer Small's standard deviation. In reality, there are many statistical measures that can use Pacer Small historical prices to predict the future Pacer Small's volatility.| Risk Adjusted Performance | 0.0396 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.037 |
Pacer Small Cap Backtested Returns
At this point, Pacer Small is very steady. Pacer Small Cap maintains Sharpe Ratio (i.e., Efficiency) of 0.0458, which implies the entity had a 0.0458% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Pacer Small Cap, which you can use to evaluate the volatility of the etf. Please check Pacer Small's Semi Deviation of 1.01, risk adjusted performance of 0.0396, and Coefficient Of Variation of 2182.47 to confirm if the risk estimate we provide is consistent with the expected return of 0.0634%. The etf holds a Beta of 1.45, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Pacer Small will likely underperform.
Auto-correlation | 0.82 |
Very good predictability
Pacer Small Cap has very good predictability. Overlapping area represents the amount of predictability between Pacer Small time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Pacer Small Cap price movement. The serial correlation of 0.82 indicates that around 82.0% of current Pacer Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.56 |
Pacer Small Cap lagged returns against current returns
Autocorrelation, which is Pacer Small etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Pacer Small's etf expected returns. We can calculate the autocorrelation of Pacer Small returns to help us make a trade decision. For example, suppose you find that Pacer Small has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Pacer Small regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Pacer Small etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pacer Small etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pacer Small etf over time.
Current vs Lagged Prices |
| Timeline |
Pacer Small Lagged Returns
When evaluating Pacer Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pacer Small etf have on its future price. Pacer Small autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Pacer Small autocorrelation shows the relationship between Pacer Small etf current value and its past values and can show if there is a momentum factor associated with investing in Pacer Small Cap.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Pacer Small Cap is a strong investment it is important to analyze Pacer Small's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Pacer Small's future performance. For an informed investment choice regarding Pacer Etf, refer to the following important reports:Check out Pacer Small Correlation, Pacer Small Volatility and Pacer Small Alpha and Beta module to complement your research on Pacer Small. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Pacer Small technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.