Pioneer High Income Fund Market Value
| HIMYX Fund | USD 6.21 0.01 0.16% |
| Symbol | Pioneer |
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.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Pioneer High on June 2, 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 Virtus Nfj, Qs Us, Aqr Large, Fidelity Series, and T Rowe. 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.
| Downside Deviation | 0.4003 | |||
| Information Ratio | (0.40) | |||
| Maximum Drawdown | 1.47 | |||
| Value At Risk | (0.32) | |||
| Potential Upside | 0.3273 |
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.| Risk Adjusted Performance | 0.0471 | |||
| Jensen Alpha | 0.0255 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.26) | |||
| Treynor Ratio | (0.11) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pioneer High's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
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 0.0807, which implies the entity had a 0.0807% return per unit of risk over the last 3 months. We have found twenty-eight 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 1144.09, risk adjusted performance of 0.0471, and Semi Deviation of 0.1495 to confirm if the risk estimate we provide is consistent with the expected return of 0.0209%. The fund holds a Beta of -0.11, 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 | -0.25 |
Weak reverse predictability
Pioneer High Income has weak reverse predictability. Overlapping area represents the amount of predictability between Pioneer High time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th of November 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 -0.25 indicates that over 25.0% of current Pioneer High price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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 |
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 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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