Pacer Export Leaders Etf Market Value
| PEXL Etf | USD 49.07 0.12 0.24% |
| Symbol | Pacer |
The market value of Pacer Export Leaders 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 Export's value that differs from its market value or its book value, called intrinsic value, which is Pacer Export'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 Export's market value can be influenced by many factors that don't directly affect Pacer Export'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 Export's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pacer Export is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pacer Export'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 Export '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 Export'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 Export.
| 12/11/2024 |
| 01/10/2025 |
If you would invest 0.00 in Pacer Export on December 11, 2024 and sell it all today you would earn a total of 0.00 from holding Pacer Export Leaders or generate 0.0% return on investment in Pacer Export over 30 days. Pacer Export is related to or competes with ProShares, ProShares, ProShares, and DBX ETF. The fund invests at least 80 percent of its total assets in the component securities of the index More
Pacer Export 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 Export'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 Export Leaders upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 5.98 | |||
| Value At Risk | (1.89) | |||
| Potential Upside | 1.27 |
Pacer Export Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pacer Export's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pacer Export's standard deviation. In reality, there are many statistical measures that can use Pacer Export historical prices to predict the future Pacer Export's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (0.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pacer Export's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Pacer Export Leaders Backtested Returns
Pacer Export Leaders maintains Sharpe Ratio (i.e., Efficiency) of -0.068, which implies the entity had a -0.068% return per unit of risk over the last 3 months. Pacer Export Leaders exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pacer Export's Risk Adjusted Performance of (0.02), variance of 0.9295, and Coefficient Of Variation of (3,192) to confirm the risk estimate we provide. The etf holds a Beta of 0.25, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pacer Export's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pacer Export is expected to be smaller as well.
Auto-correlation | -0.56 |
Good reverse predictability
Pacer Export Leaders has good reverse predictability. Overlapping area represents the amount of predictability between Pacer Export time series from 11th of December 2024 to 26th of December 2024 and 26th of December 2024 to 10th of January 2025. 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 Export Leaders price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Pacer Export price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Pacer Export Leaders lagged returns against current returns
Autocorrelation, which is Pacer Export 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 Export's etf expected returns. We can calculate the autocorrelation of Pacer Export returns to help us make a trade decision. For example, suppose you find that Pacer Export 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 Export 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 Export etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pacer Export etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pacer Export etf over time.
Current vs Lagged Prices |
| Timeline |
Pacer Export Lagged Returns
When evaluating Pacer Export's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pacer Export etf have on its future price. Pacer Export 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 Export autocorrelation shows the relationship between Pacer Export etf current value and its past values and can show if there is a momentum factor associated with investing in Pacer Export Leaders.
Regressed Prices |
| Timeline |
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Pacer Export 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.