Pacer Lunt Correlations

PALC Etf

USD 46.07 0.99 2.20%

The current 90-days correlation between Pacer Lunt Large and Goldman Sachs ActiveBeta is 0.94 (i.e., Almost no diversification). The correlation of Pacer Lunt 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.

Pacer Lunt Correlation With Market

Almost no diversification

The correlation between Pacer Lunt Large and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pacer Lunt Large and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pacer Lunt Large. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Pacer Etf

0.98	VTI	Vanguard Total Stock	Pair Corr
0.98	SPY	SPDR SP 500	Pair Corr
0.98	IVV	iShares Core SP	Pair Corr
0.92	VIG	Vanguard Dividend	Pair Corr
0.99	VV	Vanguard Large Cap	Pair Corr
0.96	RSP	Invesco SP 500	Pair Corr
0.95	IWB	iShares Russell 1000	Pair Corr
0.98	ESGU	iShares ESG Aware	Pair Corr
0.98	DFAC	Dimensional Core Equity	Pair Corr
0.95	SPLG	SPDR Portfolio SP	Pair Corr
0.89	ITDD	iShares Trust	Pair Corr
0.88	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.74	CSCO	Cisco Systems	Pair Corr
0.9	AA	Alcoa Corp	Pair Corr
0.78	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.7	MMM	3M Company Sell-off Trend	Pair Corr
0.81	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.76	DD	Dupont De Nemours	Pair Corr
0.94	DIS	Walt Disney	Pair Corr
0.71	WMT	Walmart Aggressive Push	Pair Corr
0.86	BA	Boeing	Pair Corr
0.95	HPQ	HP Inc	Pair Corr

Moving against Pacer Etf

0.87	ULE	ProShares Ultra Euro	Pair Corr
0.56	PMBS	PIMCO Mortgage Backed	Pair Corr
0.44	MCD	McDonalds Earnings Call This Week	Pair Corr
0.62	VZ	Verizon Communications	Pair Corr

Related Correlations Analysis

	GSLC	JPUS	GVIP	JHML	GSEW
GSLC		0.95	0.98	1.0	0.99	GSLC
JPUS	0.95		0.91	0.96	0.98	JPUS
GVIP	0.98	0.91		0.98	0.96	GVIP
JHML	1.0	0.96	0.98		0.99	JHML
GSEW	0.99	0.98	0.96	0.99		GSEW
	GSLC	JPUS	GVIP	JHML	GSEW

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Pacer Lunt Constituents Risk-Adjusted Indicators

There is a big difference between Pacer Etf performing well and Pacer Lunt 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 Lunt'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
GSLC	1.19	0.00	(0.14)	1.95	(2.53)	12.66
JPUS	0.96	0.03	(0.10)	1.61	(1.81)	8.93
GVIP	1.64	0.03	(0.12)	2.30	(4.43)	14.99
JHML	1.14	0.00	(0.14)	1.74	(2.36)	11.93
GSEW	1.07	0.01	(0.13)	1.52	(1.91)	11.58

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