Pioneer Municipal Return On Asset vs. Cash And Equivalents
| MHI Stock | USD 9.66 0.02 0.21% |
For Pioneer Municipal profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Pioneer Municipal to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Pioneer Municipal High utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Pioneer Municipal's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Pioneer Municipal High over time as well as its relative position and ranking within its peers.
Pioneer |
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Pioneer Municipal. If investors know Pioneer will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Pioneer Municipal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.07) | Dividend Share 0.359 | Revenue Per Share 0.754 | Quarterly Revenue Growth 0.044 | Return On Assets 0.028 |
The market value of Pioneer Municipal High is measured differently than its book value, which is the value of Pioneer that is recorded on the company's balance sheet. Investors also form their own opinion of Pioneer Municipal's value that differs from its market value or its book value, called intrinsic value, which is Pioneer Municipal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Pioneer Municipal's market value can be influenced by many factors that don't directly affect Pioneer Municipal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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 High Cash And Equivalents vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Pioneer Municipal's current stock value. Our valuation model uses many indicators to compare Pioneer Municipal value to that of its competitors to determine the firm's financial worth. Pioneer Municipal High is regarded fifth in return on asset category among its peers. It is rated below average in cash and equivalents category among its peers creating about 3,811,071 of Cash And Equivalents per Return On Asset. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Pioneer Municipal's earnings, one of the primary drivers of an investment's value.Pioneer Cash And Equivalents vs. Return On Asset
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Pioneer Municipal |
| = | 0.028 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Pioneer Municipal |
| = | 106.71 K |
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
Pioneer Cash And Equivalents Comparison
Pioneer Municipal is currently under evaluation in cash and equivalents category among its peers.
Pioneer Municipal Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Pioneer Municipal, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Pioneer Municipal will eventually generate negative long term returns. The profitability progress is the general direction of Pioneer Municipal's change in net profit over the period of time. It can combine multiple indicators of Pioneer Municipal, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Operating Income | 4.7 M | 4.4 M | |
| Net Loss | -1.6 M | -1.6 M | |
| Income Before Tax | -1.6 M | -1.6 M | |
| Total Other Income Expense Net | -6.3 M | -6.6 M | |
| Net Loss | -36.1 M | -34.3 M | |
| Net Loss | -1.6 M | -1.6 M | |
| Income Tax Expense | -167.9 K | -176.3 K | |
| Interest Income | 17.2 M | 12.3 M | |
| Net Interest Income | 10.8 M | 12.6 M | |
| Change To Netincome | 44 M | 46.2 M | |
| Net Loss | (0.07) | (0.07) | |
| Income Quality | (55.53) | (52.75) | |
| Net Income Per E B T | 1.14 | 1.10 |
Pioneer Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Pioneer Municipal. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Pioneer Municipal position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Pioneer Municipal's important profitability drivers and their relationship over time.
Use Pioneer Municipal in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Pioneer Municipal position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Pioneer Municipal will appreciate offsetting losses from the drop in the long position's value.Pioneer Municipal Pair Trading
Pioneer Municipal High Pair Trading Analysis
The ability to find closely correlated positions to Pioneer Municipal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pioneer Municipal when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Pioneer Municipal - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Pioneer Municipal High to buy it.
The correlation of Pioneer Municipal is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pioneer Municipal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pioneer Municipal High moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Pioneer Municipal can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Pioneer Municipal position
In addition to having Pioneer Municipal in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out Correlation Analysis. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
To fully project Pioneer Municipal's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Pioneer Municipal High at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Pioneer Municipal's income statement, its balance sheet, and the statement of cash flows.