Pioneer Strategic Income Fund Market Value
| STIRX Fund | USD 9.69 0.02 0.21% |
| Symbol | Pioneer |
Pioneer Strategic '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 Strategic'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 Strategic.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Pioneer Strategic on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Pioneer Strategic Income or generate 0.0% return on investment in Pioneer Strategic over 720 days. Pioneer Strategic is related to or competes with Dreyfus Natural, Firsthand Alternative, Gmo Resources, Fidelity Advisor, Hennessy, and Franklin Natural. The fund normally invests at least 80 percent of its net assets in debt securities More
Pioneer Strategic 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 Strategic'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 Strategic Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.47) | |||
| Maximum Drawdown | 1.43 | |||
| Value At Risk | (0.51) | |||
| Potential Upside | 0.4073 |
Pioneer Strategic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pioneer Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pioneer Strategic's standard deviation. In reality, there are many statistical measures that can use Pioneer Strategic historical prices to predict the future Pioneer Strategic's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.3686 |
Pioneer Strategic Income Backtested Returns
Pioneer Strategic Income maintains Sharpe Ratio (i.e., Efficiency) of -0.0939, which implies the entity had a -0.0939% return per unit of risk over the last 3 months. Pioneer Strategic Income exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pioneer Strategic's Variance of 0.0839, coefficient of variation of (1,117), and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The fund holds a Beta of -0.0975, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pioneer Strategic are expected to decrease at a much lower rate. During the bear market, Pioneer Strategic is likely to outperform the market.
Auto-correlation | -0.55 |
Good reverse predictability
Pioneer Strategic Income has good reverse predictability. Overlapping area represents the amount of predictability between Pioneer Strategic time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 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 Strategic Income price movement. The serial correlation of -0.55 indicates that about 55.0% of current Pioneer Strategic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Pioneer Strategic Income lagged returns against current returns
Autocorrelation, which is Pioneer Strategic 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 Strategic's mutual fund expected returns. We can calculate the autocorrelation of Pioneer Strategic returns to help us make a trade decision. For example, suppose you find that Pioneer Strategic 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 Strategic 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 Strategic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pioneer Strategic 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 Strategic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pioneer Strategic Lagged Returns
When evaluating Pioneer Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pioneer Strategic mutual fund have on its future price. Pioneer Strategic 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 Strategic autocorrelation shows the relationship between Pioneer Strategic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pioneer Strategic Income.
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 Strategic 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 Strategic security.
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. |