Pioneer Map High Fund Market Value
| HIMUX Fund | USD 8.56 0.00 0.00% |
| Symbol | Pioneer |
Pioneer Map '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 Map'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 Map.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Pioneer Map on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Pioneer Map High or generate 0.0% return on investment in Pioneer Map over 30 days. Pioneer Map is related to or competes with Pace Large, Fundamental Large, Transamerica Large, Vela Large, and Qs Us. Normally, the fund invests at least 80 percent of its net assets in debt securities and other obligations issued by or on behalf of states, counties, municipalities, territories and possessions of the United States and the District of Columbia and their authorities, political subdivisions, agencies and instrumentalities, the interest on which is exempt from regular federal income tax. More
Pioneer Map 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 Map'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 Map High upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3958 | |||
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 1.65 | |||
| Value At Risk | (0.35) | |||
| Potential Upside | 0.4751 |
Pioneer Map Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pioneer Map's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pioneer Map's standard deviation. In reality, there are many statistical measures that can use Pioneer Map historical prices to predict the future Pioneer Map's volatility.| Risk Adjusted Performance | 0.0589 | |||
| Jensen Alpha | 0.0151 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.22) | |||
| Treynor Ratio | 0.8486 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pioneer Map's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Pioneer Map High Backtested Returns
At this stage we consider Pioneer Mutual Fund to be very steady. Pioneer Map High maintains Sharpe Ratio (i.e., Efficiency) of 0.0573, which implies the entity had a 0.0573% return per unit of risk over the last 3 months. We have found twenty-five technical indicators for Pioneer Map High, which you can use to evaluate the volatility of the fund. Please check Pioneer Map's Coefficient Of Variation of 985.68, semi deviation of 0.1563, and Risk Adjusted Performance of 0.0589 to confirm if the risk estimate we provide is consistent with the expected return of 0.0153%. The fund holds a Beta of 0.0202, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pioneer Map's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pioneer Map is expected to be smaller as well.
Auto-correlation | 0.78 |
Good predictability
Pioneer Map High has good predictability. Overlapping area represents the amount of predictability between Pioneer Map time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 2024. 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 Map High price movement. The serial correlation of 0.78 indicates that around 78.0% of current Pioneer Map price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pioneer Map High lagged returns against current returns
Autocorrelation, which is Pioneer Map 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 Map's mutual fund expected returns. We can calculate the autocorrelation of Pioneer Map returns to help us make a trade decision. For example, suppose you find that Pioneer Map 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 Map 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 Map mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pioneer Map 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 Map mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pioneer Map Lagged Returns
When evaluating Pioneer Map's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pioneer Map mutual fund have on its future price. Pioneer Map 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 Map autocorrelation shows the relationship between Pioneer Map mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pioneer Map High.
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 Map 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 Map security.
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