Pacer Emerging Correlations

ECOW Etf

USD 20.38 0.13 0.64%

The current 90-days correlation between Pacer Emerging Markets and Pacer Cash Cows is 0.46 (i.e., Very weak diversification). The correlation of Pacer Emerging is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Pacer Emerging Correlation With Market

Average diversification

The correlation between Pacer Emerging Markets and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pacer Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Pacer Emerging Markets. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Pacer Etf

0.98	VWO	Vanguard FTSE Emerging	Pair Corr
0.98	IEMG	iShares Core MSCI	Pair Corr
0.93	EMC	Global X Funds	Pair Corr
0.98	EEM	iShares MSCI Emerging	Pair Corr
0.98	SPEM	SPDR Portfolio Emerging	Pair Corr
0.98	FNDE	Schwab Fundamental	Pair Corr
0.98	ESGE	iShares ESG Aware	Pair Corr
0.64	DGS	WisdomTree Emerging	Pair Corr
0.99	XSOE	WisdomTree Emerging	Pair Corr
0.62	PFFL	ETRACS 2xMonthly Pay	Pair Corr
0.63	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.66	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	HERD	ICOW	FDTS	DVLU	DDIV
HERD		0.13	0.19	0.84	0.7	HERD
ICOW	0.13		0.96	-0.33	-0.56	ICOW
FDTS	0.19	0.96		-0.28	-0.51	FDTS
DVLU	0.84	-0.33	-0.28		0.94	DVLU
DDIV	0.7	-0.56	-0.51	0.94		DDIV
	HERD	ICOW	FDTS	DVLU	DDIV

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FDTS	+ 0.96	ICOW
DDIV	+ 0.94	DVLU
DVLU	+ 0.84	HERD
DDIV	+ 0.7	HERD
FDTS	+ 0.19	HERD
ICOW	+ 0.13	HERD

High negative correlations

DDIV	- 0.56	ICOW
DDIV	- 0.51	FDTS
DVLU	- 0.33	ICOW
DVLU	- 0.28	FDTS

Pacer Emerging Constituents Risk-Adjusted Indicators

There is a big difference between Pacer Etf performing well and Pacer Emerging ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Pacer Emerging's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
HERD	0.73	(0.04)	(0.09)	0.07	0.78	(0.82)	1.32	(1.17)	3.31
ICOW	0.60	(0.10)	0.00	(0.18)	0.00	0.00	1.14	(1.86)	3.69
FDTS	0.79	(0.10)	0.00	(0.07)	0.00	0.00	1.91	(2.06)	5.17
DVLU	0.78	(0.04)	(0.02)	0.10	0.80	(0.90)	1.66	(1.61)	4.45
DDIV	0.69	0.06	0.09	0.18	0.48	(0.76)	1.66	(1.10)	5.01

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