Pioneer Flexible Opportunities Fund Market Value
| PRRCX Fund | USD 12.57 0.09 0.72% |
| Symbol | Pioneer |
Pioneer Flexible '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 Flexible'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 Flexible.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Pioneer Flexible on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Pioneer Flexible Opportunities or generate 0.0% return on investment in Pioneer Flexible over 30 days. Pioneer Flexible is related to or competes with Western Asset, T Rowe, Us High, Morningstar Aggressive, Franklin High, Copeland Risk, and Artisan High. Under normal circumstances, the fund invests at least 80 percent of its net assets in equity securities and equity-relat... More
Pioneer Flexible 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 Flexible'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 Flexible Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4672 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 2.65 | |||
| Value At Risk | (0.64) | |||
| Potential Upside | 0.9167 |
Pioneer Flexible Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pioneer Flexible's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pioneer Flexible's standard deviation. In reality, there are many statistical measures that can use Pioneer Flexible historical prices to predict the future Pioneer Flexible's volatility.| Risk Adjusted Performance | 0.0838 | |||
| Jensen Alpha | 0.0625 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0.49) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pioneer Flexible'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 Flexible Opp Backtested Returns
At this stage we consider Pioneer Mutual Fund to be very steady. Pioneer Flexible Opp maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Pioneer Flexible Opp, which you can use to evaluate the volatility of the fund. Please check Pioneer Flexible's Risk Adjusted Performance of 0.0838, semi deviation of 0.3581, and Coefficient Of Variation of 859.51 to confirm if the risk estimate we provide is consistent with the expected return of 0.0606%. The fund holds a Beta of -0.11, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pioneer Flexible are expected to decrease at a much lower rate. During the bear market, Pioneer Flexible is likely to outperform the market.
Auto-correlation | 0.44 |
Average predictability
Pioneer Flexible Opportunities has average predictability. Overlapping area represents the amount of predictability between Pioneer Flexible time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Flexible Opp price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Pioneer Flexible price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pioneer Flexible Opp lagged returns against current returns
Autocorrelation, which is Pioneer Flexible 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 Flexible's mutual fund expected returns. We can calculate the autocorrelation of Pioneer Flexible returns to help us make a trade decision. For example, suppose you find that Pioneer Flexible 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 Flexible 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 Flexible mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pioneer Flexible 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 Flexible mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pioneer Flexible Lagged Returns
When evaluating Pioneer Flexible's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pioneer Flexible mutual fund have on its future price. Pioneer Flexible 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 Flexible autocorrelation shows the relationship between Pioneer Flexible mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pioneer Flexible Opportunities.
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 Flexible 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 Flexible security.
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