Pioneer E Equity Fund Market Value
| PIOTX Fund | USD 23.07 0.14 0.61% |
| Symbol | Pioneer |
Pioneer E '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 E'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 E.
| 02/01/2023 |
| 01/21/2025 |
If you would invest 0.00 in Pioneer E on February 1, 2023 and sell it all today you would earn a total of 0.00 from holding Pioneer E Equity or generate 0.0% return on investment in Pioneer E over 720 days. Pioneer E is related to or competes with Lifestyle, American Funds, Blackrock Moderate, Sierra E, Dimensional Retirement, Transamerica Cleartrack, and Wealthbuilder Moderate. Normally, the fund invests at least 80 percent of its net assets in equity securities, primarily of U.S More
Pioneer E 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 E'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 E Equity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 6.75 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 1.08 |
Pioneer E Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pioneer E's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pioneer E's standard deviation. In reality, there are many statistical measures that can use Pioneer E historical prices to predict the future Pioneer E's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pioneer E'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 E Equity Backtested Returns
Pioneer E Equity maintains Sharpe Ratio (i.e., Efficiency) of close to zero, which implies the entity had a close to zero % return per unit of risk over the last 3 months. Pioneer E Equity exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pioneer E's Coefficient Of Variation of (6,756), risk adjusted performance of (0.01), and Variance of 0.9438 to confirm the risk estimate we provide. The fund holds a Beta of 0.64, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pioneer E's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pioneer E is expected to be smaller as well.
Auto-correlation | 0.29 |
Poor predictability
Pioneer E Equity has poor predictability. Overlapping area represents the amount of predictability between Pioneer E time series from 1st of February 2023 to 27th of January 2024 and 27th of January 2024 to 21st of January 2025. 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 E Equity price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Pioneer E price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.49 |
Pioneer E Equity lagged returns against current returns
Autocorrelation, which is Pioneer E 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 E's mutual fund expected returns. We can calculate the autocorrelation of Pioneer E returns to help us make a trade decision. For example, suppose you find that Pioneer E 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 E 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 E mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pioneer E 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 E mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pioneer E Lagged Returns
When evaluating Pioneer E's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pioneer E mutual fund have on its future price. Pioneer E 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 E autocorrelation shows the relationship between Pioneer E mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pioneer E Equity.
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 E 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 E security.
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges |