Pioneer Municipal Highome Stock Total Asset
| MIO Stock | USD 12.05 0.02 0.17% |
Pioneer Municipal Highome fundamentals help investors to digest information that contributes to Pioneer Municipal's financial success or failures. It also enables traders to predict the movement of Pioneer Stock. The fundamental analysis module provides a way to measure Pioneer Municipal's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Pioneer Municipal stock.
| Last Reported | Projected for Next Year | ||
| Total Assets | 246.1 M | 251.8 M |
Pioneer |
Pioneer Municipal Highome Company Total Asset Analysis
Pioneer Municipal's Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Current Pioneer Municipal Total Asset | 246.12 M |
Most of Pioneer Municipal's fundamental indicators, such as Total Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Pioneer Municipal Highome is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Pioneer Total Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Pioneer Municipal is extremely important. It helps to project a fair market value of Pioneer Stock properly, considering its historical fundamentals such as Total Asset. Since Pioneer Municipal's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Pioneer Municipal's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Pioneer Municipal's interrelated accounts and indicators.
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Pioneer Total Asset Historical Pattern
Today, most investors in Pioneer Municipal Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Pioneer Municipal's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's total asset growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Pioneer Municipal total asset as a starting point in their analysis.
Pioneer Municipal Total Asset |
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Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
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Pioneer Total Assets
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Based on the latest financial disclosure, Pioneer Municipal Highome has a Total Asset of 246.12 M. This is much higher than that of the Capital Markets sector and significantly higher than that of the Financials industry. The total asset for all United States stocks is notably lower than that of the firm.
Pioneer Total Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Pioneer Municipal's direct or indirect competition against its Total Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Pioneer Municipal could also be used in its relative valuation, which is a method of valuing Pioneer Municipal by comparing valuation metrics of similar companies.Pioneer Municipal is currently under evaluation in total asset category among its peers.
Pioneer Fundamentals
| Shares Outstanding | 16.89 M | ||||
| Shares Owned By Institutions | 35.36 % | ||||
| Number Of Shares Shorted | 13.41 K | ||||
| Price To Book | 0.96 X | ||||
| Price To Sales | 20.10 X | ||||
| Total Debt | 26 M | ||||
| Short Ratio | 0.37 X | ||||
| Earnings Per Share | 0.58 X | ||||
| Market Capitalization | 203.38 M | ||||
| Total Asset | 246.12 M | ||||
| Retained Earnings | (122 M) | ||||
| Annual Yield | 0.05 % | ||||
| Net Asset | 246.12 M |
About Pioneer Municipal Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Pioneer Municipal Highome's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Pioneer Municipal using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Pioneer Municipal Highome based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Pioneer Municipal
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Pioneer Municipal position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Pioneer Municipal will appreciate offsetting losses from the drop in the long position's value.Moving against Pioneer Stock
| 0.59 | LC | LendingClub Corp | PairCorr |
| 0.52 | AB | AllianceBernstein | PairCorr |
| 0.46 | MS | Morgan Stanley Sell-off Trend | PairCorr |
| 0.44 | GS | Goldman Sachs Group Fiscal Year End 21st of January 2025 | PairCorr |
| 0.38 | QD | Qudian Inc | PairCorr |
The ability to find closely correlated positions to Pioneer Municipal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pioneer Municipal when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Pioneer Municipal - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Pioneer Municipal Highome to buy it.
The correlation of Pioneer Municipal is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pioneer Municipal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pioneer Municipal Highome moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Pioneer Municipal can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Pioneer Municipal Piotroski F Score and Pioneer Municipal Altman Z Score analysis. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Pioneer Municipal. If investors know Pioneer will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Pioneer Municipal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.58 |
The market value of Pioneer Municipal Highome is measured differently than its book value, which is the value of Pioneer that is recorded on the company's balance sheet. Investors also form their own opinion of Pioneer Municipal's value that differs from its market value or its book value, called intrinsic value, which is Pioneer Municipal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Pioneer Municipal's market value can be influenced by many factors that don't directly affect Pioneer Municipal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Pioneer Municipal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pioneer Municipal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pioneer Municipal'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.