Pacer American Energy Etf Market Value
| USAI Etf | USD 41.87 0.52 1.26% |
| Symbol | Pacer |
The market value of Pacer American Energy 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 American's value that differs from its market value or its book value, called intrinsic value, which is Pacer American'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 American's market value can be influenced by many factors that don't directly affect Pacer American'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 American's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pacer American is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pacer American'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 American '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 American'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 American.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Pacer American on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Pacer American Energy or generate 0.0% return on investment in Pacer American over 30 days. Pacer American is related to or competes with Harbor Health. Under normal circumstances, at least 80 percent of the funds total assets will be invested in the component securities o... More
Pacer American 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 American'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 American Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8059 | |||
| Information Ratio | 0.1952 | |||
| Maximum Drawdown | 5.58 | |||
| Value At Risk | (1.07) | |||
| Potential Upside | 1.79 |
Pacer American Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pacer American's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pacer American's standard deviation. In reality, there are many statistical measures that can use Pacer American historical prices to predict the future Pacer American's volatility.| Risk Adjusted Performance | 0.2601 | |||
| Jensen Alpha | 0.2426 | |||
| Total Risk Alpha | 0.155 | |||
| Sortino Ratio | 0.2342 | |||
| Treynor Ratio | 0.5472 |
Pacer American Energy Backtested Returns
Pacer American appears to be very steady, given 3 months investment horizon. Pacer American Energy maintains Sharpe Ratio (i.e., Efficiency) of 0.33, which implies the entity had a 0.33% return per unit of risk over the last 3 months. We have found thirty technical indicators for Pacer American Energy, which you can use to evaluate the volatility of the etf. Please evaluate Pacer American's Semi Deviation of 0.3826, coefficient of variation of 296.25, and Risk Adjusted Performance of 0.2601 to confirm if our risk estimates are consistent with your expectations. The etf holds a Beta of 0.58, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pacer American's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pacer American is expected to be smaller as well.
Auto-correlation | 0.72 |
Good predictability
Pacer American Energy has good predictability. Overlapping area represents the amount of predictability between Pacer American time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 American Energy price movement. The serial correlation of 0.72 indicates that around 72.0% of current Pacer American price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Pacer American Energy lagged returns against current returns
Autocorrelation, which is Pacer American 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 American's etf expected returns. We can calculate the autocorrelation of Pacer American returns to help us make a trade decision. For example, suppose you find that Pacer American 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 American 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 American etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pacer American etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pacer American etf over time.
Current vs Lagged Prices |
| Timeline |
Pacer American Lagged Returns
When evaluating Pacer American's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pacer American etf have on its future price. Pacer American 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 American autocorrelation shows the relationship between Pacer American etf current value and its past values and can show if there is a momentum factor associated with investing in Pacer American Energy.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Pacer American Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Pacer American's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Pacer American Energy Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Pacer American Energy Etf:Check out Pacer American Correlation, Pacer American Volatility and Pacer American Alpha and Beta module to complement your research on Pacer American. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Pacer American 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.