Pioneer Floating Rate Etf Beta
| PHD Etf | USD 9.47 0.04 0.42% |
Pioneer Floating Rate fundamentals help investors to digest information that contributes to Pioneer Floating's financial success or failures. It also enables traders to predict the movement of Pioneer Etf. The fundamental analysis module provides a way to measure Pioneer Floating's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Pioneer Floating etf.
Pioneer |
Pioneer Floating Rate ETF Beta Analysis
Pioneer Floating's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Pioneer Floating Beta | 0.59 |
Most of Pioneer Floating's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Pioneer Floating Rate is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Pioneer Floating Rate has a Beta of 0.589. This is much higher than that of the Capital Markets family and significantly higher than that of the Financials category. The beta for all United States etfs is notably lower than that of the firm.
Pioneer Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Pioneer Floating's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Pioneer Floating could also be used in its relative valuation, which is a method of valuing Pioneer Floating by comparing valuation metrics of similar companies.Pioneer Floating is currently under evaluation in beta as compared to similar ETFs.
As returns on the market increase, Pioneer Floating's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pioneer Floating is expected to be smaller as well.
Pioneer Fundamentals
| Return On Equity | 0.13 | ||||
| Return On Asset | 0.0526 | ||||
| Profit Margin | 0.91 % | ||||
| Operating Margin | 0.91 % | ||||
| Current Valuation | 176.54 M | ||||
| Shares Outstanding | 12.37 M | ||||
| Shares Owned By Institutions | 33.31 % | ||||
| Number Of Shares Shorted | 117.51 K | ||||
| Price To Earning | 118.29 X | ||||
| Price To Book | 0.91 X | ||||
| Price To Sales | 6.38 X | ||||
| Revenue | 17.25 M | ||||
| Gross Profit | 18.29 M | ||||
| EBITDA | 15.76 M | ||||
| Net Income | 16.65 M | ||||
| Cash And Equivalents | 40.96 K | ||||
| Total Debt | 71.04 M | ||||
| Debt To Equity | 0.49 % | ||||
| Current Ratio | 0.05 X | ||||
| Book Value Per Share | 10.33 X | ||||
| Cash Flow From Operations | 13.55 M | ||||
| Short Ratio | 0.51 X | ||||
| Earnings Per Share | 1.34 X | ||||
| Beta | 0.59 | ||||
| Market Capitalization | 116.7 M | ||||
| Total Asset | 198.9 M | ||||
| Retained Earnings | (79.9 M) | ||||
| Annual Yield | 0.1 % | ||||
| Five Year Return | 6.93 % | ||||
| Net Asset | 198.9 M | ||||
| Last Dividend Paid | 1.1 |
About Pioneer Floating Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Pioneer Floating Rate's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Pioneer Floating using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Pioneer Floating Rate based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Other Information on Investing in Pioneer Etf
Pioneer Floating financial ratios help investors to determine whether Pioneer Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Pioneer with respect to the benefits of owning Pioneer Floating security.