Pioneer Bond Fund Market Value

PICYX Fund  USD 8.36  0.03  0.36%   
Pioneer Bond's market value is the price at which a share of Pioneer Bond trades on a public exchange. It measures the collective expectations of Pioneer Bond Fund investors about its performance. Pioneer Bond is trading at 8.36 as of the 5th of December 2024; that is 0.36% up since the beginning of the trading day. The fund's open price was 8.33.
With this module, you can estimate the performance of a buy and hold strategy of Pioneer Bond Fund and determine expected loss or profit from investing in Pioneer Bond over a given investment horizon. Check out Pioneer Bond Correlation, Pioneer Bond Volatility and Pioneer Bond Alpha and Beta module to complement your research on Pioneer Bond.
Symbol

Please note, there is a significant difference between Pioneer Bond's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pioneer Bond is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pioneer Bond'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 Bond '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 Bond'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 Bond.
0.00
09/06/2024
No Change 0.00  0.0 
In 2 months and 31 days
12/05/2024
0.00
If you would invest  0.00  in Pioneer Bond on September 6, 2024 and sell it all today you would earn a total of 0.00 from holding Pioneer Bond Fund or generate 0.0% return on investment in Pioneer Bond over 90 days. Pioneer Bond is related to or competes with Franklin Total, Pioneer Strategic, Pioneer Fundamental, Pioneer Disciplined, and Eaton Vance. Normally, the fund invests at least 80 percent of its net assets in debt securities issued or guaranteed by the U.S More

Pioneer Bond 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 Bond'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 Bond Fund upside and downside potential and time the market with a certain degree of confidence.

Pioneer Bond Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Pioneer Bond's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pioneer Bond's standard deviation. In reality, there are many statistical measures that can use Pioneer Bond historical prices to predict the future Pioneer Bond's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pioneer Bond'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.
Hype
Prediction
LowEstimatedHigh
8.028.338.64
Details
Intrinsic
Valuation
LowRealHigh
7.627.939.16
Details
Naive
Forecast
LowNextHigh
8.078.388.69
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
8.258.308.34
Details

Pioneer Bond Backtested Returns

Pioneer Bond maintains Sharpe Ratio (i.e., Efficiency) of -0.0762, which implies the entity had a -0.0762% return per unit of risk over the last 3 months. Pioneer Bond exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pioneer Bond's Variance of 0.1003, risk adjusted performance of (0.03), and Coefficient Of Variation of (3,709) to confirm the risk estimate we provide. The fund holds a Beta of -0.0568, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pioneer Bond are expected to decrease at a much lower rate. During the bear market, Pioneer Bond is likely to outperform the market.

Auto-correlation

    
  -0.33  

Poor reverse predictability

Pioneer Bond Fund has poor reverse predictability. Overlapping area represents the amount of predictability between Pioneer Bond time series from 6th of September 2024 to 21st of October 2024 and 21st of October 2024 to 5th 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 Bond price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Pioneer Bond price fluctuation can be explain by its past prices.
Correlation Coefficient-0.33
Spearman Rank Test0.12
Residual Average0.0
Price Variance0.0

Pioneer Bond lagged returns against current returns

Autocorrelation, which is Pioneer Bond 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 Bond's mutual fund expected returns. We can calculate the autocorrelation of Pioneer Bond returns to help us make a trade decision. For example, suppose you find that Pioneer Bond 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 Bond 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 Bond mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pioneer Bond 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 Bond mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Pioneer Bond Lagged Returns

When evaluating Pioneer Bond's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pioneer Bond mutual fund have on its future price. Pioneer Bond 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 Bond autocorrelation shows the relationship between Pioneer Bond mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pioneer Bond Fund.
   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 Bond 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 Bond security.
Commodity Channel
Use Commodity Channel Index to analyze current equity momentum
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios