Pioneer International Equity Fund Market Value
| INVYX Fund | USD 26.65 0.10 0.38% |
| Symbol | Pioneer |
Pioneer International '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 International'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 International.
| 10/10/2023 |
| 12/03/2024 |
If you would invest 0.00 in Pioneer International on October 10, 2023 and sell it all today you would earn a total of 0.00 from holding Pioneer International Equity or generate 0.0% return on investment in Pioneer International over 420 days. Pioneer International is related to or competes with Artisan Thematic, Mirova Global, Touchstone Large, Qs Global, Volumetric Fund, Rbb Fund, and Fm Investments. The fund normally invests at least 80 percent of its total assets in equity securities of non-U.S More
Pioneer International 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 International'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 International Equity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 4.69 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 1.22 |
Pioneer International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pioneer International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pioneer International's standard deviation. In reality, there are many statistical measures that can use Pioneer International historical prices to predict the future Pioneer International's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pioneer International'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 International Backtested Returns
Pioneer International maintains Sharpe Ratio (i.e., Efficiency) of -0.0451, which implies the entity had a -0.0451% return per unit of risk over the last 3 months. Pioneer International exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pioneer International's Coefficient Of Variation of (1,166), variance of 0.8226, and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The fund holds a Beta of 0.56, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pioneer International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pioneer International is expected to be smaller as well.
Auto-correlation | 0.32 |
Below average predictability
Pioneer International Equity has below average predictability. Overlapping area represents the amount of predictability between Pioneer International time series from 10th of October 2023 to 7th of May 2024 and 7th of May 2024 to 3rd 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 International price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Pioneer International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
Pioneer International lagged returns against current returns
Autocorrelation, which is Pioneer International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Pioneer International returns to help us make a trade decision. For example, suppose you find that Pioneer International 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pioneer International 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 International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pioneer International Lagged Returns
When evaluating Pioneer International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pioneer International mutual fund have on its future price. Pioneer International 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 International autocorrelation shows the relationship between Pioneer International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pioneer International Equity.
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 International 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 International security.
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