Pioneer Fundamental Growth Fund Market Value
| FUNCX Fund | USD 28.03 0.81 2.81% |
| Symbol | Pioneer |
Pioneer Fundamental '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 Fundamental'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 Fundamental.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in Pioneer Fundamental on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding Pioneer Fundamental Growth or generate 0.0% return on investment in Pioneer Fundamental over 30 days. Pioneer Fundamental is related to or competes with Virtus Seix, Ridgeworth Seix, Long Term, and Short Term. The fund normally invests at least 80 percent of its net assets in equity securities of large companies, that is, compan... More
Pioneer Fundamental 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 Fundamental'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 Fundamental Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7222 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.92 | |||
| Value At Risk | (1.11) | |||
| Potential Upside | 1.2 |
Pioneer Fundamental Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pioneer Fundamental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pioneer Fundamental's standard deviation. In reality, there are many statistical measures that can use Pioneer Fundamental historical prices to predict the future Pioneer Fundamental's volatility.| Risk Adjusted Performance | 0.063 | |||
| Jensen Alpha | 0.0092 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0697 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pioneer Fundamental'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 Fundamental Backtested Returns
At this stage we consider Pioneer Mutual Fund to be very steady. Pioneer Fundamental maintains Sharpe Ratio (i.e., Efficiency) of 0.0654, which implies the entity had a 0.0654% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Pioneer Fundamental, which you can use to evaluate the volatility of the fund. Please check Pioneer Fundamental's Semi Deviation of 0.6177, coefficient of variation of 1153.17, and Risk Adjusted Performance of 0.063 to confirm if the risk estimate we provide is consistent with the expected return of 0.0472%. The fund holds a Beta of 0.77, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pioneer Fundamental's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pioneer Fundamental is expected to be smaller as well.
Auto-correlation | -0.62 |
Very good reverse predictability
Pioneer Fundamental Growth has very good reverse predictability. Overlapping area represents the amount of predictability between Pioneer Fundamental time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th of December 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 Fundamental price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Pioneer Fundamental price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Pioneer Fundamental lagged returns against current returns
Autocorrelation, which is Pioneer Fundamental 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 Fundamental's mutual fund expected returns. We can calculate the autocorrelation of Pioneer Fundamental returns to help us make a trade decision. For example, suppose you find that Pioneer Fundamental 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 Fundamental 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 Fundamental mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pioneer Fundamental 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 Fundamental mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pioneer Fundamental Lagged Returns
When evaluating Pioneer Fundamental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pioneer Fundamental mutual fund have on its future price. Pioneer Fundamental 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 Fundamental autocorrelation shows the relationship between Pioneer Fundamental mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pioneer Fundamental Growth.
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 Fundamental 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 Fundamental security.
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| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk |