Pioneer Multi Asset Income Fund Market Value
| PMFRX Fund | USD 11.67 0.03 0.26% |
| Symbol | Pioneer |
Pioneer Multi-asset '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 Multi-asset'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 Multi-asset.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in Pioneer Multi-asset on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding Pioneer Multi Asset Income or generate 0.0% return on investment in Pioneer Multi-asset over 360 days. Pioneer Multi-asset is related to or competes with Morningstar Global, Dreyfus/standish, Ab Global, Ab Global, Ab Global, Scharf Global, and Ab Global. The fund has the flexibility to invest in a broad range of income-producing investments, including both debt securities ... More
Pioneer Multi-asset 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 Multi-asset'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 Multi Asset Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3186 | |||
| Information Ratio | (0.47) | |||
| Maximum Drawdown | 1.37 | |||
| Value At Risk | (0.51) | |||
| Potential Upside | 0.4329 |
Pioneer Multi-asset Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pioneer Multi-asset's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pioneer Multi-asset's standard deviation. In reality, there are many statistical measures that can use Pioneer Multi-asset historical prices to predict the future Pioneer Multi-asset's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.41) | |||
| Treynor Ratio | (0.03) |
Pioneer Multi Asset Backtested Returns
Pioneer Multi Asset maintains Sharpe Ratio (i.e., Efficiency) of -0.0222, which implies the entity had a -0.0222% return per unit of risk over the last 3 months. Pioneer Multi Asset exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pioneer Multi-asset's Semi Deviation of 0.2561, insignificant risk adjusted performance, and Coefficient Of Variation of 5022.91 to confirm the risk estimate we provide. The fund holds a Beta of 0.13, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pioneer Multi-asset's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pioneer Multi-asset is expected to be smaller as well.
Auto-correlation | 0.78 |
Good predictability
Pioneer Multi Asset Income has good predictability. Overlapping area represents the amount of predictability between Pioneer Multi-asset time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd 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 Multi Asset price movement. The serial correlation of 0.78 indicates that around 78.0% of current Pioneer Multi-asset price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Pioneer Multi Asset lagged returns against current returns
Autocorrelation, which is Pioneer Multi-asset 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 Multi-asset's mutual fund expected returns. We can calculate the autocorrelation of Pioneer Multi-asset returns to help us make a trade decision. For example, suppose you find that Pioneer Multi-asset 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 Multi-asset 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 Multi-asset mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pioneer Multi-asset 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 Multi-asset mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pioneer Multi-asset Lagged Returns
When evaluating Pioneer Multi-asset's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pioneer Multi-asset mutual fund have on its future price. Pioneer Multi-asset 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 Multi-asset autocorrelation shows the relationship between Pioneer Multi-asset mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pioneer Multi Asset Income.
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 Multi-asset 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 Multi-asset security.
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