Pioneer High Income Fund Market Value

PIMAX Fund  USD 6.31  0.01  0.16%   
Pioneer High's market value is the price at which a share of Pioneer High trades on a public exchange. It measures the collective expectations of Pioneer High Income investors about its performance. Pioneer High is trading at 6.31 as of the 4th of December 2024; that is 0.16% up since the beginning of the trading day. The fund's open price was 6.3.
With this module, you can estimate the performance of a buy and hold strategy of Pioneer High Income and determine expected loss or profit from investing in Pioneer High over a given investment horizon. Check out Pioneer High Correlation, Pioneer High Volatility and Pioneer High Alpha and Beta module to complement your research on Pioneer High.
Symbol

Please note, there is a significant difference between Pioneer High's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pioneer High is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pioneer High'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 High '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 High'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 High.
0.00
06/07/2024
No Change 0.00  0.0 
In 5 months and 30 days
12/04/2024
0.00
If you would invest  0.00  in Pioneer High on June 7, 2024 and sell it all today you would earn a total of 0.00 from holding Pioneer High Income or generate 0.0% return on investment in Pioneer High over 180 days. Pioneer High is related to or competes with Pioneer Fundamental, Pioneer Global, Pioneer Disciplined, Pioneer Disciplined, Pioneer Disciplined, Pioneer Disciplined, and Pioneer Disciplined. The fund invests at least 80 percent of its net assets in debt securities and other obligations issued by or on behalf o... More

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

Pioneer High Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Pioneer High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pioneer High's standard deviation. In reality, there are many statistical measures that can use Pioneer High historical prices to predict the future Pioneer High's volatility.
Hype
Prediction
LowEstimatedHigh
6.056.316.57
Details
Intrinsic
Valuation
LowRealHigh
5.725.986.94
Details
Naive
Forecast
LowNextHigh
6.046.306.56
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
6.256.286.30
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Pioneer High. Your research has to be compared to or analyzed against Pioneer High's peers to derive any actionable benefits. When done correctly, Pioneer High's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Pioneer High Income.

Pioneer High Income Backtested Returns

At this stage we consider Pioneer Mutual Fund to be very steady. Pioneer High Income maintains Sharpe Ratio (i.e., Efficiency) of 0.0678, which implies the entity had a 0.0678% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Pioneer High Income, which you can use to evaluate the volatility of the fund. Please check Pioneer High's Coefficient Of Variation of 970.19, semi deviation of 0.1496, and Risk Adjusted Performance of 0.0595 to confirm if the risk estimate we provide is consistent with the expected return of 0.0178%. The fund holds a Beta of -0.0987, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pioneer High are expected to decrease at a much lower rate. During the bear market, Pioneer High is likely to outperform the market.

Auto-correlation

    
  -0.37  

Poor reverse predictability

Pioneer High Income has poor reverse predictability. Overlapping area represents the amount of predictability between Pioneer High time series from 7th of June 2024 to 5th of September 2024 and 5th of September 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 High Income price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Pioneer High price fluctuation can be explain by its past prices.
Correlation Coefficient-0.37
Spearman Rank Test-0.21
Residual Average0.0
Price Variance0.0

Pioneer High Income lagged returns against current returns

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

Pioneer High Lagged Returns

When evaluating Pioneer High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pioneer High mutual fund have on its future price. Pioneer High 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 High autocorrelation shows the relationship between Pioneer High mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pioneer High Income.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Pioneer Mutual Fund

Pioneer High 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 High security.
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