Pioneer High Income Etf Probability Of Bankruptcy
| PHT Etf | USD 7.87 0.01 0.13% |
Pioneer |
Pioneer High Income ETF probability of financial unrest Analysis
Pioneer High's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
More About Probability Of Bankruptcy | All Equity Analysis
Probability Of Bankruptcy | = | Normalized | | Z-Score |
Current Pioneer High Probability Of Bankruptcy | Less than 47% |
Most of Pioneer High's fundamental indicators, such as Probability Of Bankruptcy, 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 High Income is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Pioneer High probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting Pioneer High odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of Pioneer High Income financial health.
The market value of Pioneer High Income 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 High's value that differs from its market value or its book value, called intrinsic value, which is Pioneer High'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 High's market value can be influenced by many factors that don't directly affect Pioneer High'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 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.
The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
| Competition |
Based on the latest financial disclosure, Pioneer High Income has a Probability Of Bankruptcy of 47.0%. This is much higher than that of the Capital Markets family and significantly higher than that of the Financials category. The probability of bankruptcy for all United States etfs is notably lower than that of the firm.
Pioneer Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Pioneer High's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Pioneer High could also be used in its relative valuation, which is a method of valuing Pioneer High by comparing valuation metrics of similar companies.Pioneer High is currently under evaluation in probability of bankruptcy as compared to similar ETFs.
Pioneer Fundamentals
| Return On Equity | -0.0732 | |||
| Return On Asset | 0.0427 | |||
| Profit Margin | 1.04 % | |||
| Operating Margin | 0.92 % | |||
| Current Valuation | 337.58 M | |||
| Shares Outstanding | 29.34 M | |||
| Shares Owned By Institutions | 29.12 % | |||
| Number Of Shares Shorted | 50.13 K | |||
| Price To Earning | 34.26 X | |||
| Price To Book | 0.96 X | |||
| Price To Sales | 16.33 X | |||
| Revenue | 29.97 M | |||
| Gross Profit | 28.03 M | |||
| EBITDA | 36.39 M | |||
| Net Income | 36.39 M | |||
| Cash And Equivalents | 18.69 K | |||
| Total Debt | 108.5 M | |||
| Debt To Equity | 0.44 % | |||
| Current Ratio | 3.08 X | |||
| Book Value Per Share | 8.17 X | |||
| Cash Flow From Operations | 19.94 M | |||
| Short Ratio | 0.70 X | |||
| Earnings Per Share | 1.23 X | |||
| Beta | 0.88 | |||
| Market Capitalization | 230.92 M | |||
| Total Asset | 352.58 M | |||
| Retained Earnings | (133.07 M) | |||
| Annual Yield | 0.08 % | |||
| Five Year Return | 9.27 % | |||
| Net Asset | 352.58 M |
About Pioneer High Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Pioneer High Income's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Pioneer High using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Pioneer High Income based on its fundamental data. In general, a quantitative approach, as applied to this etf, 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.
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Pioneer High financial ratios help investors to determine whether Pioneer Etf 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.