Pioneer Municipal High Stock Market Value
| MHI Stock | USD 9.24 0.06 0.65% |
| Symbol | Pioneer |
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Pioneer Municipal. If investors know Pioneer will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Pioneer Municipal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Pioneer Municipal High is measured differently than its book value, which is the value of Pioneer that is recorded on the company's balance sheet. Investors also form their own opinion of Pioneer Municipal's value that differs from its market value or its book value, called intrinsic value, which is Pioneer Municipal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Pioneer Municipal's market value can be influenced by many factors that don't directly affect Pioneer Municipal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Pioneer Municipal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pioneer Municipal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pioneer Municipal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Pioneer Municipal '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 Municipal's stock 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 Municipal.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Pioneer Municipal on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Pioneer Municipal High or generate 0.0% return on investment in Pioneer Municipal over 90 days. Pioneer Municipal is related to or competes with Nuveen Mortgage, Western Asset, Western Asset, MFS Municipal, Invesco High, First Trust, and Angel Oak. Pioneer Municipal High Income Fund, Inc. is a closed-ended fixed income mutual fund launched and managed by Pioneer Inve... More
Pioneer Municipal 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 Municipal's stock 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 Municipal High upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1263 | |||
| Maximum Drawdown | 3.02 | |||
| Value At Risk | (1.07) | |||
| Potential Upside | 0.8639 |
Pioneer Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pioneer Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pioneer Municipal's standard deviation. In reality, there are many statistical measures that can use Pioneer Municipal historical prices to predict the future Pioneer Municipal's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | 0.0539 | |||
| Treynor Ratio | 0.2532 |
Pioneer Municipal High Backtested Returns
Pioneer Municipal High maintains Sharpe Ratio (i.e., Efficiency) of -0.0266, which implies the firm had a -0.0266 % return per unit of risk over the last 3 months. Pioneer Municipal High exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pioneer Municipal's Coefficient Of Variation of (3,763), risk adjusted performance of (0.03), and Variance of 0.4196 to confirm the risk estimate we provide. The company holds a Beta of -0.11, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pioneer Municipal are expected to decrease at a much lower rate. During the bear market, Pioneer Municipal is likely to outperform the market. At this point, Pioneer Municipal High has a negative expected return of -0.0172%. Please make sure to check Pioneer Municipal's potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Pioneer Municipal High performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.07 |
Very weak reverse predictability
Pioneer Municipal High has very weak reverse predictability. Overlapping area represents the amount of predictability between Pioneer Municipal time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Municipal High price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Pioneer Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pioneer Municipal High lagged returns against current returns
Autocorrelation, which is Pioneer Municipal stock'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 Municipal's stock expected returns. We can calculate the autocorrelation of Pioneer Municipal returns to help us make a trade decision. For example, suppose you find that Pioneer Municipal has exhibited high autocorrelation historically, and you observe that the stock 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 Municipal 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 Municipal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pioneer Municipal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pioneer Municipal stock over time.
Current vs Lagged Prices |
| Timeline |
Pioneer Municipal Lagged Returns
When evaluating Pioneer Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pioneer Municipal stock have on its future price. Pioneer Municipal 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 Municipal autocorrelation shows the relationship between Pioneer Municipal stock current value and its past values and can show if there is a momentum factor associated with investing in Pioneer Municipal High.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Pioneer Municipal High offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Pioneer Municipal's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Pioneer Municipal High Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Pioneer Municipal High Stock:Check out Pioneer Municipal Correlation, Pioneer Municipal Volatility and Pioneer Municipal Alpha and Beta module to complement your research on Pioneer Municipal. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Pioneer Municipal technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.