Pioneer Municipal High Fund Market Value
| XMIOX Fund | USD 13.08 0.03 0.23% |
| Symbol | Pioneer |
Please note, there is a significant difference between Pioneer Municipal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pioneer Municipal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pioneer Municipal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Pioneer Municipal '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 Municipal'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 Municipal.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Pioneer Municipal on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Pioneer Municipal High or generate 0.0% return on investment in Pioneer Municipal over 30 days. Pioneer Municipal is related to or competes with Semiconductor Ultrasector, Commonwealth Global, Eic Value, T Rowe, Omni Small-cap, Auer Growth, and Small Cap. Pioneer Municipal is entity of United States More
Pioneer Municipal 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 Municipal'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 Municipal High upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4308 | |||
| Information Ratio | (0.41) | |||
| Maximum Drawdown | 1.78 | |||
| Value At Risk | (0.54) | |||
| Potential Upside | 0.4623 |
Pioneer Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pioneer Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pioneer Municipal's standard deviation. In reality, there are many statistical measures that can use Pioneer Municipal historical prices to predict the future Pioneer Municipal's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.32) | |||
| Treynor Ratio | (0.10) |
Pioneer Municipal High Backtested Returns
At this stage we consider Pioneer Mutual Fund to be very steady. Pioneer Municipal High maintains Sharpe Ratio (i.e., Efficiency) of 0.0088, which implies the entity had a 0.0088% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Pioneer Municipal High, which you can use to evaluate the volatility of the fund. Please check Pioneer Municipal's Risk Adjusted Performance of (0.01), coefficient of variation of 19506.41, and Semi Deviation of 0.3341 to confirm if the risk estimate we provide is consistent with the expected return of 0.003%. The fund holds a Beta of 0.0822, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pioneer Municipal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pioneer Municipal is expected to be smaller as well.
Auto-correlation | 0.56 |
Modest predictability
Pioneer Municipal High has modest predictability. Overlapping area represents the amount of predictability between Pioneer Municipal time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Municipal High price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Pioneer Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pioneer Municipal High lagged returns against current returns
Autocorrelation, which is Pioneer Municipal 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 Municipal's mutual fund expected returns. We can calculate the autocorrelation of Pioneer Municipal returns to help us make a trade decision. For example, suppose you find that Pioneer Municipal 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 Municipal 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 Municipal mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pioneer Municipal 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 Municipal mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pioneer Municipal Lagged Returns
When evaluating Pioneer Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pioneer Municipal mutual fund have on its future price. Pioneer Municipal 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 Municipal autocorrelation shows the relationship between Pioneer Municipal mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pioneer Municipal High.
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 Municipal 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 Municipal security.
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