Pioneer Amt Free Municipal Fund Market Value
| MNBCX Fund | USD 12.68 0.05 0.39% |
| Symbol | Pioneer |
Pioneer Amt-free '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 Amt-free'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 Amt-free.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Pioneer Amt-free on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Pioneer Amt Free Municipal or generate 0.0% return on investment in Pioneer Amt-free over 90 days. Pioneer Amt-free is related to or competes with Aqr Long-short, Seix Us, Angel Oak, Delaware Investments, Barings Active, Ultra-short Fixed, and Transam Short-term. Normally, the fund invests at least 80 percent of its net assets in investment grade municipal bonds with a maturity of ... More
Pioneer Amt-free 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 Amt-free'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 Amt Free Municipal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0707 | |||
| Maximum Drawdown | 1.95 | |||
| Value At Risk | (1.08) | |||
| Potential Upside | 0.6182 |
Pioneer Amt-free Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pioneer Amt-free's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pioneer Amt-free's standard deviation. In reality, there are many statistical measures that can use Pioneer Amt-free historical prices to predict the future Pioneer Amt-free's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (1.10) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pioneer Amt-free'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 Amt Free Backtested Returns
Pioneer Amt Free maintains Sharpe Ratio (i.e., Efficiency) of -0.1, which implies the entity had a -0.1 % return per unit of risk over the last 3 months. Pioneer Amt Free exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pioneer Amt-free's Variance of 0.2092, coefficient of variation of (685.69), and Risk Adjusted Performance of (0.14) to confirm the risk estimate we provide. The fund holds a Beta of 0.0698, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pioneer Amt-free's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pioneer Amt-free is expected to be smaller as well.
Auto-correlation | -0.52 |
Good reverse predictability
Pioneer Amt Free Municipal has good reverse predictability. Overlapping area represents the amount of predictability between Pioneer Amt-free 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 Amt Free price movement. The serial correlation of -0.52 indicates that about 52.0% of current Pioneer Amt-free price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Pioneer Amt Free lagged returns against current returns
Autocorrelation, which is Pioneer Amt-free 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 Amt-free's mutual fund expected returns. We can calculate the autocorrelation of Pioneer Amt-free returns to help us make a trade decision. For example, suppose you find that Pioneer Amt-free 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 Amt-free 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 Amt-free mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pioneer Amt-free 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 Amt-free mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pioneer Amt-free Lagged Returns
When evaluating Pioneer Amt-free's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pioneer Amt-free mutual fund have on its future price. Pioneer Amt-free 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 Amt-free autocorrelation shows the relationship between Pioneer Amt-free mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pioneer Amt Free Municipal.
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 Amt-free 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 Amt-free security.
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