Pacer Metarus Nasdaq Etf Market Value
| QSIX Etf | 35.21 0.10 0.28% |
| Symbol | Pacer |
The market value of Pacer Metarus Nasdaq 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 Metarus' value that differs from its market value or its book value, called intrinsic value, which is Pacer Metarus' 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 Metarus' market value can be influenced by many factors that don't directly affect Pacer Metarus' 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 Metarus' value and its price as these two are different measures arrived at by different means. Investors typically determine if Pacer Metarus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pacer Metarus' 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 Metarus '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 Metarus' 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 Metarus.
| 04/24/2025 |
| 07/23/2025 |
If you would invest 0.00 in Pacer Metarus on April 24, 2025 and sell it all today you would earn a total of 0.00 from holding Pacer Metarus Nasdaq or generate 0.0% return on investment in Pacer Metarus over 90 days. Pacer Metarus is related to or competes with Franklin Templeton, Altrius Global, Invesco Exchange, Franklin International, Madison ETFs, Amplify CWP, and Advisors Inner. More
Pacer Metarus 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 Metarus' 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 Metarus Nasdaq upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7547 | |||
| Information Ratio | 0.0305 | |||
| Maximum Drawdown | 4.64 | |||
| Value At Risk | (1.01) | |||
| Potential Upside | 1.39 |
Pacer Metarus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pacer Metarus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pacer Metarus' standard deviation. In reality, there are many statistical measures that can use Pacer Metarus historical prices to predict the future Pacer Metarus' volatility.| Risk Adjusted Performance | 0.2636 | |||
| Jensen Alpha | 0.1187 | |||
| Total Risk Alpha | 0.0435 | |||
| Sortino Ratio | 0.0326 | |||
| Treynor Ratio | 0.4243 |
Pacer Metarus Nasdaq Backtested Returns
Pacer Metarus appears to be very steady, given 3 months investment horizon. Pacer Metarus Nasdaq maintains Sharpe Ratio (i.e., Efficiency) of 0.3, which implies the entity had a 0.3 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Pacer Metarus Nasdaq, which you can use to evaluate the volatility of the etf. Please evaluate Pacer Metarus' Risk Adjusted Performance of 0.2636, semi deviation of 0.2455, and Coefficient Of Variation of 336.29 to confirm if our risk estimates are consistent with your expectations. The etf holds a Beta of 0.54, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pacer Metarus' returns are expected to increase less than the market. However, during the bear market, the loss of holding Pacer Metarus is expected to be smaller as well.
Auto-correlation | 0.94 |
Excellent predictability
Pacer Metarus Nasdaq has excellent predictability. Overlapping area represents the amount of predictability between Pacer Metarus time series from 24th of April 2025 to 8th of June 2025 and 8th of June 2025 to 23rd of July 2025. 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 Metarus Nasdaq price movement. The serial correlation of 0.94 indicates that approximately 94.0% of current Pacer Metarus price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.94 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 0.5 |
Pacer Metarus Nasdaq lagged returns against current returns
Autocorrelation, which is Pacer Metarus 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 Metarus' etf expected returns. We can calculate the autocorrelation of Pacer Metarus returns to help us make a trade decision. For example, suppose you find that Pacer Metarus 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 Metarus 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 Metarus etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pacer Metarus etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pacer Metarus etf over time.
Current vs Lagged Prices |
| Timeline |
Pacer Metarus Lagged Returns
When evaluating Pacer Metarus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pacer Metarus etf have on its future price. Pacer Metarus 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 Metarus autocorrelation shows the relationship between Pacer Metarus etf current value and its past values and can show if there is a momentum factor associated with investing in Pacer Metarus Nasdaq.
Regressed Prices |
| Timeline |
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Check out Pacer Metarus Correlation, Pacer Metarus Volatility and Pacer Metarus Alpha and Beta module to complement your research on Pacer Metarus. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Pacer Metarus 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.