Pacer Global Cash Etf Market Value
| GCOW Etf | USD 35.19 0.21 0.60% |
| Symbol | Pacer |
The market value of Pacer Global Cash 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 Global's value that differs from its market value or its book value, called intrinsic value, which is Pacer Global'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 Global's market value can be influenced by many factors that don't directly affect Pacer Global'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 Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pacer Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pacer Global'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 Global '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 Global'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 Global.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Pacer Global on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Pacer Global Cash or generate 0.0% return on investment in Pacer Global over 30 days. Pacer Global is related to or competes with Pacer Cash, Pacer Small, Pacer Developed, Pacer Trendpilot, and Pacer Trendpilot. Under normal circumstances, the fund will invest at least 80 percent of its total assets in the components of the index ... More
Pacer Global 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 Global'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 Global Cash upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 2.66 | |||
| Value At Risk | (1.07) | |||
| Potential Upside | 0.9065 |
Pacer Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pacer Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pacer Global's standard deviation. In reality, there are many statistical measures that can use Pacer Global historical prices to predict the future Pacer Global's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.17) |
Pacer Global Cash Backtested Returns
Pacer Global Cash maintains Sharpe Ratio (i.e., Efficiency) of -0.0598, which implies the entity had a -0.0598% return per unit of risk over the last 3 months. Pacer Global Cash exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pacer Global's Coefficient Of Variation of (1,672), risk adjusted performance of (0.05), and Variance of 0.3721 to confirm the risk estimate we provide. The etf holds a Beta of 0.28, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pacer Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pacer Global is expected to be smaller as well.
Auto-correlation | -0.6 |
Good reverse predictability
Pacer Global Cash has good reverse predictability. Overlapping area represents the amount of predictability between Pacer Global 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 Global Cash price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Pacer Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Pacer Global Cash lagged returns against current returns
Autocorrelation, which is Pacer Global 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 Global's etf expected returns. We can calculate the autocorrelation of Pacer Global returns to help us make a trade decision. For example, suppose you find that Pacer Global 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 Global 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 Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pacer Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pacer Global etf over time.
Current vs Lagged Prices |
| Timeline |
Pacer Global Lagged Returns
When evaluating Pacer Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pacer Global etf have on its future price. Pacer Global 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 Global autocorrelation shows the relationship between Pacer Global etf current value and its past values and can show if there is a momentum factor associated with investing in Pacer Global Cash.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Pacer Global Cash is a strong investment it is important to analyze Pacer Global'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 Global's future performance. For an informed investment choice regarding Pacer Etf, refer to the following important reports:Check out Pacer Global Correlation, Pacer Global Volatility and Pacer Global Alpha and Beta module to complement your research on Pacer Global. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Pacer Global 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.