Pioneer Global Equity Fund Market Value
| PRGEX Fund | USD 19.06 0.01 0.05% |
| Symbol | Pioneer |
Pioneer Global '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 Global'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 Global.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Pioneer Global on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Pioneer Global Equity or generate 0.0% return on investment in Pioneer Global over 30 days. Pioneer Global is related to or competes with Barings Active, Goldman Sachs, Vanguard Institutional, Touchstone Ultra, Astor Long/short, Federated Ultrashort, and The Short. The investment adviser seeks to identify companies with sustainable business models, including by evaluating environment... More
Pioneer Global 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 Global'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 Global Equity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 7.4 | |||
| Value At Risk | (1.50) | |||
| Potential Upside | 1.04 |
Pioneer Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pioneer Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pioneer Global's standard deviation. In reality, there are many statistical measures that can use Pioneer Global historical prices to predict the future Pioneer Global's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.13) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pioneer Global'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 Global Equity Backtested Returns
Pioneer Global Equity maintains Sharpe Ratio (i.e., Efficiency) of -0.0489, which implies the entity had a -0.0489% return per unit of risk over the last 3 months. Pioneer Global Equity exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pioneer Global's Variance of 1.04, coefficient of variation of (1,341), and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The fund holds a Beta of 0.69, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pioneer Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pioneer Global is expected to be smaller as well.
Auto-correlation | 0.16 |
Very weak predictability
Pioneer Global Equity has very weak predictability. Overlapping area represents the amount of predictability between Pioneer Global time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 Global Equity price movement. The serial correlation of 0.16 indicates that over 16.0% of current Pioneer Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Pioneer Global Equity lagged returns against current returns
Autocorrelation, which is Pioneer Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Pioneer Global returns to help us make a trade decision. For example, suppose you find that Pioneer Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pioneer Global 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 Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pioneer Global Lagged Returns
When evaluating Pioneer Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pioneer Global mutual fund have on its future price. Pioneer Global 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 Global autocorrelation shows the relationship between Pioneer Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pioneer Global 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 Global 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 Global security.
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