Pioneer Municipal High Fund Manager Performance Evaluation
| XMIOX Fund | USD 13.08 0.03 0.23% |
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.
Risk-Adjusted Performance
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Over the last 90 days Pioneer Municipal High has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, Pioneer Municipal is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
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Pioneer Municipal Relative Risk vs. Return Landscape
If you would invest 1,306 in Pioneer Municipal High on September 1, 2024 and sell it today you would earn a total of 2.00 from holding Pioneer Municipal High or generate 0.15% return on investment over 90 days. Pioneer Municipal High is currently producing 0.003% returns and takes up 0.3396% volatility of returns over 90 trading days. Put another way, 3% of traded mutual funds are less volatile than Pioneer, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Pioneer Municipal Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pioneer Municipal's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Pioneer Municipal High, and traders can use it to determine the average amount a Pioneer Municipal's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0088
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | XMIOX |
Estimated Market Risk
| 0.34 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Pioneer Municipal is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Pioneer Municipal by adding Pioneer Municipal to a well-diversified portfolio.
About Pioneer Municipal Performance
Evaluating Pioneer Municipal's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Pioneer Municipal has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Pioneer Municipal has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Pioneer Municipal is entity of United States. It is traded as Fund on NMFQS exchange.Things to note about Pioneer Municipal High performance evaluation
Checking the ongoing alerts about Pioneer Municipal for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Pioneer Municipal High help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Pioneer Municipal's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Pioneer Municipal's mutual fund performance include:- Analyzing Pioneer Municipal's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Pioneer Municipal's stock is overvalued or undervalued compared to its peers.
- Examining Pioneer Municipal's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Pioneer Municipal's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Pioneer Municipal's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Pioneer Municipal's mutual fund. These opinions can provide insight into Pioneer Municipal's potential for growth and whether the stock is currently undervalued or overvalued.
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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