Pioneer Classic Balanced Fund Market Value
| AYBLX Fund | USD 10.90 0.14 1.30% |
| Symbol | Pioneer |
Pioneer Classic 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Pioneer Classic's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Pioneer Classic.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Pioneer Classic on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Pioneer Classic Balanced or generate 0.0% return on investment in Pioneer Classic over 90 days. Pioneer Classic is related to or competes with Siit Ultra, Seix Us, Blackrock Global, T Rowe, Jhancock Short, Leader Short-term, and Alpine Ultra. The fund applies environmental, social and governance criteria to its investments More
Pioneer Classic Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Pioneer Classic's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Pioneer Classic Balanced upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0028 | |||
| Maximum Drawdown | 2.82 | |||
| Value At Risk | (1.15) | |||
| Potential Upside | 0.8826 |
Pioneer Classic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pioneer Classic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pioneer Classic's standard deviation. In reality, there are many statistical measures that can use Pioneer Classic historical prices to predict the future Pioneer Classic's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | 0.6817 |
Pioneer Classic Balanced Backtested Returns
Pioneer Classic Balanced maintains Sharpe Ratio (i.e., Efficiency) of -0.0971, which implies the entity had a -0.0971 % return per unit of risk over the last 3 months. Pioneer Classic Balanced exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pioneer Classic's Coefficient Of Variation of (694.17), variance of 0.4549, and Risk Adjusted Performance of (0.13) to confirm the risk estimate we provide. The fund holds a Beta of -0.16, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pioneer Classic are expected to decrease at a much lower rate. During the bear market, Pioneer Classic is likely to outperform the market.
Auto-correlation | -0.61 |
Very good reverse predictability
Pioneer Classic Balanced has very good reverse predictability. Overlapping area represents the amount of predictability between Pioneer Classic time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Pioneer Classic Balanced price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Pioneer Classic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Pioneer Classic Balanced lagged returns against current returns
Autocorrelation, which is Pioneer Classic mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Pioneer Classic's mutual fund expected returns. We can calculate the autocorrelation of Pioneer Classic returns to help us make a trade decision. For example, suppose you find that Pioneer Classic has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Pioneer Classic regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Pioneer Classic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pioneer Classic mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pioneer Classic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pioneer Classic Lagged Returns
When evaluating Pioneer Classic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pioneer Classic mutual fund have on its future price. Pioneer Classic autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Pioneer Classic autocorrelation shows the relationship between Pioneer Classic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pioneer Classic Balanced.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Pioneer Mutual Fund
Pioneer Classic financial ratios help investors to determine whether Pioneer Mutual Fund 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 Classic security.
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Stocks Directory Find actively traded stocks across global markets | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum |