Pioneer Amt Free Municipal Fund Market Value
| PBYMX Fund | USD 12.33 0.02 0.16% |
| Symbol | Pioneer |
Pioneer Amt '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 Amt'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 Amt.
| 12/13/2025 |
| 01/12/2026 |
If you would invest 0.00 in Pioneer Amt on December 13, 2025 and sell it all today you would earn a total of 0.00 from holding Pioneer Amt Free Municipal or generate 0.0% return on investment in Pioneer Amt over 30 days. Pioneer Amt is related to or competes with High-yield Municipal, Performance Trust, Western Asset, Dreyfus Intermediate, Meridian Contrarian, Performance Trust, and Intech Us. Normally, the fund invests at least 80 percent of its net assets in investment grade municipal bonds with a maturity of ... More
Pioneer Amt 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 Amt'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 Amt Free Municipal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1797 | |||
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 1.79 | |||
| Value At Risk | (0.24) | |||
| Potential Upside | 0.4055 |
Pioneer Amt Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pioneer Amt's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pioneer Amt's standard deviation. In reality, there are many statistical measures that can use Pioneer Amt historical prices to predict the future Pioneer Amt's volatility.| Risk Adjusted Performance | 0.022 | |||
| Jensen Alpha | 0.0028 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.45) | |||
| Treynor Ratio | 0.3165 |
Pioneer Amt Free Backtested Returns
At this stage we consider Pioneer Mutual Fund to be very steady. Pioneer Amt Free maintains Sharpe Ratio (i.e., Efficiency) of 0.0173, which implies the entity had a 0.0173 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Pioneer Amt Free, which you can use to evaluate the volatility of the fund. Please check Pioneer Amt's Coefficient Of Variation of 1733.46, semi deviation of 0.0578, and Risk Adjusted Performance of 0.022 to confirm if the risk estimate we provide is consistent with the expected return of 0.0042%. The fund holds a Beta of 0.0122, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pioneer Amt's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pioneer Amt is expected to be smaller as well.
Auto-correlation | -0.92 |
Near perfect reversele predictability
Pioneer Amt Free Municipal has near perfect reversele predictability. Overlapping area represents the amount of predictability between Pioneer Amt time series from 13th of December 2025 to 28th of December 2025 and 28th of December 2025 to 12th of January 2026. 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 Amt Free price movement. The serial correlation of -0.92 indicates that approximately 92.0% of current Pioneer Amt price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.92 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pioneer Amt Free lagged returns against current returns
Autocorrelation, which is Pioneer Amt 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 Amt's mutual fund expected returns. We can calculate the autocorrelation of Pioneer Amt returns to help us make a trade decision. For example, suppose you find that Pioneer Amt 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 Amt 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 Amt mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pioneer Amt 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 Amt mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pioneer Amt Lagged Returns
When evaluating Pioneer Amt's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pioneer Amt mutual fund have on its future price. Pioneer Amt 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 Amt autocorrelation shows the relationship between Pioneer Amt mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pioneer Amt Free Municipal.
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 Amt 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 security.
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