Pacer Bluestar Digital Etf Performance
| ODDS Etf | USD 25.64 0.34 1.34% |
The etf holds a Beta of 0.086, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pacer BlueStar's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pacer BlueStar is expected to be smaller as well.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Pacer BlueStar Digital are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively stable fundamental indicators, Pacer BlueStar is not utilizing all of its potentials. The latest stock price uproar, may contribute to short-horizon losses for the private investors. ...more
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Pacer BlueStar Relative Risk vs. Return Landscape
If you would invest 2,499 in Pacer BlueStar Digital on October 6, 2024 and sell it today you would earn a total of 65.00 from holding Pacer BlueStar Digital or generate 2.6% return on investment over 90 days. Pacer BlueStar Digital is currently generating 0.05% in daily expected returns and assumes 1.3199% risk (volatility on return distribution) over the 90 days horizon. In different words, 11% of etfs are less volatile than Pacer, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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Pacer BlueStar Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pacer BlueStar's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Pacer BlueStar Digital, and traders can use it to determine the average amount a Pacer BlueStar's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0379
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Estimated Market Risk
| 1.32 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 2 98% of assets perform better |
Based on monthly moving average Pacer BlueStar is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Pacer BlueStar by adding it to a well-diversified portfolio.
Pacer BlueStar Fundamentals Growth
Pacer Etf prices reflect investors' perceptions of the future prospects and financial health of Pacer BlueStar, and Pacer BlueStar fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Pacer Etf performance.
| Total Asset | 1.18 M | |||
About Pacer BlueStar Performance
Assessing Pacer BlueStar's fundamental ratios provides investors with valuable insights into Pacer BlueStar's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Pacer BlueStar is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
The fund employs a passive management investment approach designed to track the total return performance of the index. Pacer Bluestar is traded on NASDAQ Exchange in the United States.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pacer BlueStar Digital. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
The market value of Pacer BlueStar Digital 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 BlueStar's value that differs from its market value or its book value, called intrinsic value, which is Pacer BlueStar'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 BlueStar's market value can be influenced by many factors that don't directly affect Pacer BlueStar'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 BlueStar's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pacer BlueStar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pacer BlueStar'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.