Pioneer Intrinsic Value Fund Market Value
| PISYX Fund | USD 12.34 0.88 6.66% |
| Symbol | Pioneer |
Pioneer Intrinsic '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 Intrinsic'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 Intrinsic.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Pioneer Intrinsic on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Pioneer Intrinsic Value or generate 0.0% return on investment in Pioneer Intrinsic over 30 days. Pioneer Intrinsic is related to or competes with Pioneer Global, Pioneer Short, Pioneer Select, Pioneer High, and Pioneer Select. Normally, the fund invests at least 80 percent of its net assets in equity securities of U.S More
Pioneer Intrinsic 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 Intrinsic'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 Intrinsic Value upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6408 | |||
| Information Ratio | 0.0219 | |||
| Maximum Drawdown | 4.2 | |||
| Value At Risk | (0.95) | |||
| Potential Upside | 1.31 |
Pioneer Intrinsic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pioneer Intrinsic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pioneer Intrinsic's standard deviation. In reality, there are many statistical measures that can use Pioneer Intrinsic historical prices to predict the future Pioneer Intrinsic's volatility.| Risk Adjusted Performance | 0.1409 | |||
| Jensen Alpha | 0.1444 | |||
| Total Risk Alpha | 0.0128 | |||
| Sortino Ratio | 0.0271 | |||
| Treynor Ratio | (1.91) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pioneer Intrinsic'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 Intrinsic Value Backtested Returns
At this stage we consider Pioneer Mutual Fund to be very steady. Pioneer Intrinsic Value maintains Sharpe Ratio (i.e., Efficiency) of 0.17, which implies the entity had a 0.17% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Pioneer Intrinsic Value, which you can use to evaluate the volatility of the fund. Please check Pioneer Intrinsic's Coefficient Of Variation of 543.7, semi deviation of 0.4087, and Risk Adjusted Performance of 0.1409 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. The fund holds a Beta of -0.0711, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pioneer Intrinsic are expected to decrease at a much lower rate. During the bear market, Pioneer Intrinsic is likely to outperform the market.
Auto-correlation | 0.54 |
Modest predictability
Pioneer Intrinsic Value has modest predictability. Overlapping area represents the amount of predictability between Pioneer Intrinsic time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Intrinsic Value price movement. The serial correlation of 0.54 indicates that about 54.0% of current Pioneer Intrinsic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Pioneer Intrinsic Value lagged returns against current returns
Autocorrelation, which is Pioneer Intrinsic 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 Intrinsic's mutual fund expected returns. We can calculate the autocorrelation of Pioneer Intrinsic returns to help us make a trade decision. For example, suppose you find that Pioneer Intrinsic 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 Intrinsic 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 Intrinsic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pioneer Intrinsic 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 Intrinsic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pioneer Intrinsic Lagged Returns
When evaluating Pioneer Intrinsic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pioneer Intrinsic mutual fund have on its future price. Pioneer Intrinsic 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 Intrinsic autocorrelation shows the relationship between Pioneer Intrinsic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pioneer Intrinsic Value.
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 Intrinsic 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 Intrinsic security.
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