Pioneer Amt Free Municipal Fund Manager Performance Evaluation
| MNBCX Fund | USD 13.34 0.04 0.30% |
The fund holds a Beta of -0.14, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pioneer Amt-free are expected to decrease at a much lower rate. During the bear market, Pioneer Amt-free is likely to outperform the market.
Risk-Adjusted Performance
5 of 100
Weak | Strong |
Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Pioneer Amt Free Municipal are ranked lower than 5 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong fundamental indicators, Pioneer Amt-free is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio Date | 1st of April 2023 | |
| Expense Ratio | 1.6000 |
Pioneer |
Pioneer Amt-free Relative Risk vs. Return Landscape
If you would invest 1,309 in Pioneer Amt Free Municipal on September 5, 2024 and sell it today you would earn a total of 25.00 from holding Pioneer Amt Free Municipal or generate 1.91% return on investment over 90 days. Pioneer Amt Free Municipal is currently producing 0.031% returns and takes up 0.4499% volatility of returns over 90 trading days. Put another way, 4% of traded mutual funds are less volatile than Pioneer, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Pioneer Amt-free Current Valuation
Overvalued
Today
Please note that Pioneer Amt-free's price fluctuation is very steady at this time. At this time, the fund appears to be overvalued. Pioneer Amt Free holds a recent Real Value of $12.41 per share. The prevailing price of the fund is $13.34. We determine the value of Pioneer Amt Free from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we support acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Since Pioneer Amt-free is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Pioneer Mutual Fund. However, Pioneer Amt-free's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 13.34 | Real 12.41 | Hype 13.34 | Naive 13.36 |
The intrinsic value of Pioneer Amt-free's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Pioneer Amt-free's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Pioneer Amt Free Municipal helps investors to forecast how Pioneer mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Pioneer Amt-free more accurately as focusing exclusively on Pioneer Amt-free's fundamentals will not take into account other important factors: Pioneer Amt-free Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pioneer Amt-free's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Pioneer Amt Free Municipal, and traders can use it to determine the average amount a Pioneer Amt-free's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.069
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| Negative Returns | MNBCX |
Estimated Market Risk
| 0.45 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Pioneer Amt-free is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Pioneer Amt-free by adding it to a well-diversified portfolio.
Pioneer Amt-free Fundamentals Growth
Pioneer Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Pioneer Amt-free, and Pioneer Amt-free fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Pioneer Mutual Fund performance.
| Total Asset | 14.93 M | ||||
About Pioneer Amt-free Performance
Evaluating Pioneer Amt-free's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Pioneer Amt-free has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Pioneer Amt-free has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Normally, the fund invests at least 80 percent of its net assets in investment grade municipal bonds with a maturity of more than one year, the interest on which is exempt from regular federal income tax. The fund normally will not invest in securities the interest on which is a tax preference item for purposes of the federal alternative minimum tax .Things to note about Pioneer Amt Free performance evaluation
Checking the ongoing alerts about Pioneer Amt-free for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Pioneer Amt Free help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Pioneer Amt Free generated five year return of -1.0% | |
| This fund maintains most of the assets in different exotic instruments. |
- Analyzing Pioneer Amt-free's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Pioneer Amt-free's stock is overvalued or undervalued compared to its peers.
- Examining Pioneer Amt-free's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Pioneer Amt-free's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Pioneer Amt-free's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Pioneer Amt-free's mutual fund. These opinions can provide insight into Pioneer Amt-free's potential for growth and whether the stock is currently undervalued or overvalued.
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.
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments |