Pacer Bluestar Digital Etf Profile
| ODDS Etf | USD 21.93 0.16 0.73% |
Performance2 of 100
| Odds Of DistressLess than 9
|
Pacer BlueStar is selling for under 21.93 as of the 8th of May 2024; that is 0.73 percent up since the beginning of the trading day. The etf's lowest day price was 21.83. Pacer BlueStar has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat weak performance during the last 90 days. Equity ratings for Pacer BlueStar Digital are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of April 2024 and ending today, the 8th of May 2024. Click here to learn more.
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. More on Pacer BlueStar Digital
Moving together with Pacer Etf
| 0.84 | VGT | Vanguard Information | PairCorr |
| 0.75 | XLK | Technology Select Sector | PairCorr |
| 0.72 | IYW | iShares Technology ETF | PairCorr |
| 0.61 | SOXX | iShares Semiconductor ETF | PairCorr |
| 0.71 | CIBR | First Trust NASDAQ | PairCorr |
| 0.84 | FTEC | Fidelity MSCI Information | PairCorr |
Pacer Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Pacer BlueStar's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Pacer BlueStar or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Ideas | (View all Themes) |
| Business Concentration | Strategy ETFs, Theme ETFs, Technology, Pacer (View all Sectors) |
| Issuer | Pacer Financial |
| Inception Date | 2022-04-07 |
| Benchmark | BlueStar Global Online Gambling, Video Gaming, and eSports Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 875,200 |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Theme |
| Market Concentration | Developed Markets |
| Region | Global |
| Administrator | U.S. Bancorp Fund Services, LLC |
| Advisor | Pacer Advisors, Inc. |
| Custodian | U.S. Bank, N.A. |
| Distributor | Pacer Financial, Inc. |
| Portfolio Manager | Bruce Kavanaugh, Michael Mack |
| Transfer Agent | U.S. Bancorp Fund Services, LLC |
| Fiscal Year End | 31-Oct |
| Exchange | NASDAQ |
| Number of Constituents | 48.0 |
| Market Maker | Virtu Financial |
| Total Expense | 0.6 |
| Management Fee | 0.6 |
| Country Name | USA |
| Returns Y T D | 8.25 |
| Name | Pacer BlueStar Digital Entertainment ETF |
| Currency Code | USD |
| Open Figi | BBG016PG2349 |
| 1y Volatility | 20.58 |
| 200 Day M A | 20.0571 |
| 50 Day M A | 21.4063 |
| Code | ODDS |
| Updated At | 8th of May 2024 |
| Currency Name | US Dollar |
| Type | ETF |
Pacer BlueStar Digital [ODDS] is traded in USA and was established 2022-04-07. The fund is listed under Technology category and is part of Pacer family. The entity is thematically classified as Strategy ETFs. Pacer BlueStar Digital now have 1.18 M in assets. , while the total return for the last year was 9.9%.
Check Pacer BlueStar Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Pacer Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Pacer Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Pacer BlueStar Digital Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Pacer BlueStar Digital Currency Exposure
Pacer BlueStar Digital holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of Pacer BlueStar will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in Pacer BlueStar Digital.
Top Pacer BlueStar Digital Etf Constituents
| FDJ | La Francaise Des | Stock | Gambling |
| DKNG | DraftKings | Stock | Consumer Discretionary |
| RSI | Rush Street Interactive | Stock | Consumer Discretionary |
| EWT | iShares MSCI Taiwan | Etf | China Region |
| KAMBI | Kambi Group PLC | Stock | Gambling |
| KWS | Keywords Studios PLC | Stock | Information Technology |
| GME | GameStop Corp | Stock | Consumer Discretionary |
Pacer BlueStar Target Price Odds Analysis
Attributed to a normal probability distribution, the odds of Pacer BlueStar jumping above the current price in 90 days from now is about 10.46%. The Pacer BlueStar Digital probability density function shows the probability of Pacer BlueStar etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the etf has a beta coefficient of 1.4598. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Pacer BlueStar will likely underperform. Additionally, pacer BlueStar Digital has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Pacer BlueStar to move above the current price in 90 days from now is about 10.46 (This Pacer BlueStar Digital probability density function shows the probability of Pacer Etf to fall within a particular range of prices over 90 days) .
Pacer BlueStar Digital Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Pacer BlueStar market risk premium is the additional return an investor will receive from holding Pacer BlueStar long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Pacer BlueStar. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Pacer BlueStar's alpha and beta are two of the key measurements used to evaluate Pacer BlueStar's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0458 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0073 |
Pacer BlueStar Against Markets
Picking the right benchmark for Pacer BlueStar etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Pacer BlueStar etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Pacer BlueStar is critical whether you are bullish or bearish towards Pacer BlueStar Digital at a given time. Please also check how Pacer BlueStar's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Pacer BlueStar without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Pacer Etf?
Before investing in Pacer BlueStar, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Pacer BlueStar. To buy Pacer BlueStar etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Pacer BlueStar. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Pacer BlueStar etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Pacer BlueStar Digital etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Pacer BlueStar Digital etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Pacer BlueStar Digital, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Pacer Etf please use our How to Invest in Pacer BlueStar guide.
Already Invested in Pacer BlueStar Digital?
The danger of trading Pacer BlueStar Digital is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Pacer BlueStar is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Pacer BlueStar. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Pacer BlueStar Digital is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Pacer BlueStar Digital is a strong investment it is important to analyze Pacer BlueStar's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Pacer BlueStar's future performance. For an informed investment choice regarding Pacer Etf, refer to the following important reports: 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 tightly coupled with the direction of predictive economic indicators such as signals in unemployment. Note that the Pacer BlueStar Digital information on this page should be used as a complementary analysis to other Pacer BlueStar's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
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.