Pioneer Bond Correlations
| PBFKX Fund | USD 8.35 0.05 0.60% |
The current 90-days correlation between Pioneer Bond and Gabelli Global Financial is 0.18 (i.e., Average diversification). The correlation of Pioneer Bond 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 Bond Correlation With Market
Modest diversification
The correlation between Pioneer Bond Fund and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pioneer Bond Fund and DJI in the same portfolio, assuming nothing else is changed.
Pioneer |
Moving together with Pioneer Mutual Fund
| 0.7 | PFGKX | Pioneer Fundamental | PairCorr |
| 0.67 | BALRX | Pioneer Solutions | PairCorr |
| 0.89 | STRKX | Pioneer Strategic Income | PairCorr |
| 0.75 | PMCKX | Pioneer Mid Cap | PairCorr |
| 0.76 | MUARX | Pioneer Flexible Opp | PairCorr |
| 0.81 | FLEKX | Pioneer Flexible Opp | PairCorr |
| 0.76 | PCBKX | Pioneer Classic Balanced | PairCorr |
| 0.73 | PCMRX | Pioneer Mid Cap | PairCorr |
| 0.77 | PEQKX | Pioneer Equity Income | PairCorr |
| 0.91 | MWTNX | Metropolitan West Total | PairCorr |
| 0.92 | MWTSX | Metropolitan West Total | PairCorr |
| 0.91 | PTTPX | Pimco Total Return | PairCorr |
| 0.97 | PTRRX | Total Return | PairCorr |
| 0.74 | PTRAX | Total Return | PairCorr |
| 0.97 | PTTRX | Total Return | PairCorr |
| 0.91 | FIWGX | Strategic Advisers | PairCorr |
| 0.9 | DODIX | Dodge Income | PairCorr |
| 0.79 | MWTIX | Metropolitan West Total | PairCorr |
| 0.98 | MWTRX | Metropolitan West Total | PairCorr |
Related Correlations Analysis
| 0.48 | 0.86 | 0.58 | 0.18 | 0.43 | GCFSX | ||
| 0.48 | 0.54 | 0.31 | 0.23 | 0.27 | XFINX | ||
| 0.86 | 0.54 | 0.82 | 0.54 | 0.7 | PGFMX | ||
| 0.58 | 0.31 | 0.82 | 0.8 | 0.9 | FIDSX | ||
| 0.18 | 0.23 | 0.54 | 0.8 | 0.91 | MSVIX | ||
| 0.43 | 0.27 | 0.7 | 0.9 | 0.91 | RMBLX | ||
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Risk-Adjusted Indicators
There is a big difference between Pioneer Mutual Fund performing well and Pioneer Bond 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 Bond'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GCFSX | 0.59 | 0.05 | 0.05 | (0.82) | 0.80 | 1.08 | 3.58 | |||
| XFINX | 0.13 | 0.00 | (0.01) | (0.06) | 0.17 | 0.29 | 1.14 | |||
| PGFMX | 0.34 | 0.01 | 0.01 | (0.21) | 0.46 | 0.78 | 2.76 | |||
| FIDSX | 0.75 | (0.06) | 0.00 | (0.62) | 0.00 | 1.26 | 4.93 | |||
| MSVIX | 0.84 | (0.17) | 0.00 | (0.21) | 0.00 | 1.40 | 12.59 | |||
| RMBLX | 1.01 | (0.10) | 0.00 | (0.10) | 0.00 | 1.64 | 6.47 |