Pacer Trendpilot Correlations

PTNQ Etf

USD 74.93 0.18 0.24%

The current 90-days correlation between Pacer Trendpilot 100 and iShares MSCI USA is 0.16 (i.e., Average diversification). The correlation of Pacer Trendpilot 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 Trendpilot Correlation With Market

Good diversification

The correlation between Pacer Trendpilot 100 and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pacer Trendpilot 100 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 Trendpilot 100. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Pacer Etf

0.83	VUG	Vanguard Growth Index	Pair Corr
0.84	IWF	iShares Russell 1000	Pair Corr
0.85	IVW	iShares SP 500	Pair Corr
0.85	SPYG	SPDR Portfolio SP	Pair Corr
0.84	IUSG	iShares Core SP	Pair Corr
0.84	VONG	Vanguard Russell 1000	Pair Corr
0.84	MGK	Vanguard Mega Cap	Pair Corr
0.84	VRGWX	Vanguard Russell 1000	Pair Corr
0.8	MTUM	iShares MSCI USA	Pair Corr
0.85	QQQM	Invesco NASDAQ 100	Pair Corr
0.81	UPRO	ProShares UltraPro SP500	Pair Corr
0.83	QTJA	Innovator ETFs Trust	Pair Corr
0.69	QTOC	Innovator ETFs Trust	Pair Corr
0.65	XTOC	Innovator ETFs Trust	Pair Corr
0.83	QTAP	Innovator Growth 100	Pair Corr
0.8	XTJA	Innovator ETFs Trust	Pair Corr
0.81	XDJA	Innovator ETFs Trust	Pair Corr
0.81	XTAP	Innovator Equity Acc	Pair Corr
0.85	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.75	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.75	DIS	Walt Disney Aggressive Push	Pair Corr
0.94	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.81	BAC	Bank of America Aggressive Push	Pair Corr
0.88	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.89	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.83	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.72	T	ATT Inc Aggressive Push	Pair Corr
0.79	HD	Home Depot Sell-off Trend	Pair Corr
0.73	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr

Moving against Pacer Etf

0.82	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.77	KO	Coca Cola Sell-off Trend	Pair Corr
0.65	PFE	Pfizer Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	QUAL	USMV	VLUE	IGV	DGRO
QUAL		0.9	0.86	0.82	0.74	QUAL
USMV	0.9		0.83	0.8	0.62	USMV
VLUE	0.86	0.83		0.83	0.71	VLUE
IGV	0.82	0.8	0.83		0.64	IGV
DGRO	0.74	0.62	0.71	0.64		DGRO
	QUAL	USMV	VLUE	IGV	DGRO

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Pacer Trendpilot Constituents Risk-Adjusted Indicators

There is a big difference between Pacer Etf performing well and Pacer Trendpilot 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 Trendpilot'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
QUAL	0.53	0.04	(0.08)	0.69	0.70	(0.56)	1.04	(1.23)	3.64
USMV	0.46	0.04	(0.12)	0.77	0.42	(0.54)	0.90	(0.99)	2.98
VLUE	0.65	(0.02)	(0.03)	0.10	0.55	(0.76)	1.22	(1.00)	4.03
IGV	0.94	0.25	0.14	1.02	0.83	(1.04)	2.32	(1.86)	5.97
DGRO	0.48	0.08	(0.07)	5.71	0.36	(0.58)	0.95	(0.78)	3.10

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC