Pacer Swan Correlations

Etfs USA . 
Etf . Pacer Swan SOS
PSCX Etf  USD 27.63  0.10  0.36%   
The current 90-days correlation between Pacer Swan SOS and Pacer Funds Trust is 0.95 (i.e., Almost no diversification). The correlation of Pacer Swan 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 Swan Correlation With Market

Poor diversification

The correlation between Pacer Swan SOS and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pacer Swan SOS and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pacer Swan SOS. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Pacer Etf

  0.98BUFR First Trust CboePairCorr
  0.98BUFD FT Cboe VestPairCorr
  0.98PSEP Innovator SP 500PairCorr
  1.0PJAN Innovator SP 500PairCorr
  0.98PJUL Innovator SP 500PairCorr
  0.98PAUG Innovator Equity PowerPairCorr
  0.95DNOV FT Cboe VestPairCorr
  0.99PMAY Innovator SP 500PairCorr
  0.99PJUN Innovator SP 500PairCorr
  0.96UPRO ProShares UltraPro SP500PairCorr
  0.99QTJA Innovator ETFs TrustPairCorr
  0.86QTOC Innovator ETFs TrustPairCorr
  0.86XTOC Innovator ETFs TrustPairCorr
  0.99QTAP Innovator Growth 100PairCorr
  0.92TSJA TSJAPairCorr
  1.0XTJA Innovator ETFs TrustPairCorr
  0.93DSJA DSJAPairCorr
  1.0XDJA Innovator ETFs TrustPairCorr
  0.99XTAP Innovator Equity AccPairCorr
  0.81HD Home DepotPairCorr
  0.82T ATT Inc Fiscal Year End 22nd of January 2025 PairCorr
  0.87BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.89INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.9CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.93AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.95AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.63XOM Exxon Mobil Corp Sell-off TrendPairCorr
  0.86WMT Walmart Aggressive PushPairCorr

Moving against Pacer Etf

  0.87MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.83KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr
  0.82JNJ Johnson Johnson Sell-off TrendPairCorr
  0.71BA Boeing Fiscal Year End 29th of January 2025 PairCorr

Related Correlations Analysis

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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   
PSFD
+ 1.0
PSMD
PSFF
+ 0.98
PSMD
PSFF
+ 0.98
PSFD
SMTI
+ 0.39
PSMD
SMTI
+ 0.37
PSFD
SMTI
+ 0.34
PSFF
  
High negative correlations   
SMTI
- 0.29
AMPD
AMPD
- 0.23
PSMD
AMPD
- 0.22
PSFD
AMPD
- 0.17
PSFF

Pacer Swan Constituents Risk-Adjusted Indicators

There is a big difference between Pacer Etf performing well and Pacer Swan 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 Swan'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.

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