Pioneer Bond Fund Market Value
| PICYX Fund | USD 8.30 0.07 0.85% |
| Symbol | Pioneer |
Pioneer Bond '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 Bond'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 Bond.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Pioneer Bond on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Pioneer Bond Fund or generate 0.0% return on investment in Pioneer Bond over 30 days. Pioneer Bond is related to or competes with Franklin Total, Pioneer Strategic, Pioneer Fundamental, Pioneer Disciplined, and Eaton Vance. Normally, the fund invests at least 80 percent of its net assets in debt securities issued or guaranteed by the U.S More
Pioneer Bond 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 Bond'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 Bond Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.50) | |||
| Maximum Drawdown | 1.54 | |||
| Value At Risk | (0.60) | |||
| Potential Upside | 0.479 |
Pioneer Bond Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pioneer Bond's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pioneer Bond's standard deviation. In reality, there are many statistical measures that can use Pioneer Bond historical prices to predict the future Pioneer Bond's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 0.3272 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pioneer Bond'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 Bond Backtested Returns
Pioneer Bond maintains Sharpe Ratio (i.e., Efficiency) of -0.0498, which implies the entity had a -0.0498% return per unit of risk over the last 3 months. Pioneer Bond exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pioneer Bond's Coefficient Of Variation of (1,321), risk adjusted performance of (0.07), and Variance of 0.0946 to confirm the risk estimate we provide. The fund holds a Beta of -0.1, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pioneer Bond are expected to decrease at a much lower rate. During the bear market, Pioneer Bond is likely to outperform the market.
Auto-correlation | 0.11 |
Insignificant predictability
Pioneer Bond Fund has insignificant predictability. Overlapping area represents the amount of predictability between Pioneer Bond time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Bond price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Pioneer Bond price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pioneer Bond lagged returns against current returns
Autocorrelation, which is Pioneer Bond 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 Bond's mutual fund expected returns. We can calculate the autocorrelation of Pioneer Bond returns to help us make a trade decision. For example, suppose you find that Pioneer Bond 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 Bond 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 Bond mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pioneer Bond 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 Bond mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pioneer Bond Lagged Returns
When evaluating Pioneer Bond's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pioneer Bond mutual fund have on its future price. Pioneer Bond 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 Bond autocorrelation shows the relationship between Pioneer Bond mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pioneer Bond Fund.
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 Bond 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 Bond security.
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