Pioneer Flexible Correlations
| MUARX Fund | USD 11.63 0.07 0.60% |
The current 90-days correlation between Pioneer Flexible Opp and Us Government Securities is 0.07 (i.e., Significant diversification). The correlation of Pioneer Flexible 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.
Pioneer Flexible Correlation With Market
Poor diversification
The correlation between Pioneer Flexible Opportunities and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pioneer Flexible Opportunities and DJI in the same portfolio, assuming nothing else is changed.
Pioneer |
Moving together with Pioneer Mutual Fund
| 0.73 | PFGKX | Pioneer Fundamental | PairCorr |
| 0.87 | CERPX | Pioneer Core Equity | PairCorr |
| 0.66 | PIOKX | Pioneer Fund Class | PairCorr |
| 0.91 | PMCKX | Pioneer Mid Cap | PairCorr |
| 1.0 | FLEKX | Pioneer Flexible Opp | PairCorr |
| 0.79 | PSMKX | Pioneer Select Mid | PairCorr |
| 0.87 | PCBKX | Pioneer Classic Balanced | PairCorr |
| 0.88 | PCEKX | Pioneer Core Equity | PairCorr |
| 0.9 | PCMRX | Pioneer Mid Cap | PairCorr |
| 0.83 | PEQKX | Pioneer Equity Income | PairCorr |
| 0.87 | JEPAX | Jpmorgan Research Equity | PairCorr |
| 0.87 | JEPCX | Jpmorgan Research Equity | PairCorr |
| 0.73 | JEPIX | Jpmorgan Equity Premium | PairCorr |
| 0.78 | GSPKX | Goldman Sachs Equity | PairCorr |
| 0.78 | GVIRX | Goldman Sachs Equity | PairCorr |
| 0.77 | GSPAX | Goldman Sachs Equity | PairCorr |
| 0.76 | GSPQX | Goldman Sachs Equity | PairCorr |
| 0.78 | GSFPX | Goldman Sachs Equity | PairCorr |
| 0.78 | GIDWX | Goldman Sachs Equity | PairCorr |
| 0.78 | BMCIX | Blackrock High Equity | PairCorr |
| 0.76 | VSTSX | Vanguard Total Stock | PairCorr |
| 0.76 | VSMPX | Vanguard Total Stock | PairCorr |
| 0.76 | VITSX | Vanguard Total Stock | PairCorr |
| 0.72 | VFFSX | Vanguard 500 Index | PairCorr |
| 0.72 | VFIAX | Vanguard 500 Index | PairCorr |
Related Correlations Analysis
| 1.0 | 0.86 | 0.9 | 0.49 | 0.82 | UGSFX | ||
| 1.0 | 0.86 | 0.9 | 0.49 | 0.82 | RGVAX | ||
| 0.86 | 0.86 | 0.88 | 0.62 | 0.95 | LTXFX | ||
| 0.9 | 0.9 | 0.88 | 0.55 | 0.88 | FMUUX | ||
| 0.49 | 0.49 | 0.62 | 0.55 | 0.61 | GABTX | ||
| 0.82 | 0.82 | 0.95 | 0.88 | 0.61 | BBINX | ||
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Risk-Adjusted Indicators
There is a big difference between Pioneer Mutual Fund performing well and Pioneer Flexible Mutual Fund 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 Pioneer Flexible'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| UGSFX | 0.24 | 0.03 | 0.18 | 1.07 | 0.17 | 0.60 | 1.55 | |||
| RGVAX | 0.24 | 0.03 | 0.18 | 0.91 | 0.17 | 0.60 | 1.56 | |||
| LTXFX | 0.10 | 0.00 | 0.15 | 0.00 | 0.06 | 0.26 | 0.65 | |||
| FMUUX | 0.03 | 0.00 | 0.00 | (0.05) | 0.00 | 0.10 | 0.40 | |||
| GABTX | 0.62 | 0.01 | 0.03 | 1.03 | 1.01 | 1.34 | 4.09 | |||
| BBINX | 0.14 | (0.01) | 0.00 | 0.56 | 0.00 | 0.29 | 0.78 |