Pioneer Classic Balanced Fund Market Value
| PCBKX Fund | USD 11.35 0.05 0.44% |
| Symbol | Pioneer |
Pioneer Classic '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 Classic'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 Classic.
| 04/23/2024 |
| 12/19/2024 |
If you would invest 0.00 in Pioneer Classic on April 23, 2024 and sell it all today you would earn a total of 0.00 from holding Pioneer Classic Balanced or generate 0.0% return on investment in Pioneer Classic over 240 days. Pioneer Classic is related to or competes with Pioneer Fundamental, Pioneer Global, Pioneer Flexible, Pioneer Solutions, Pioneer Core, Pioneer Short, and Pioneer Short. The fund applies environmental, social and governance criteria to its investments More
Pioneer Classic 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 Classic'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 Classic Balanced upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4582 | |||
| Information Ratio | 0.0035 | |||
| Maximum Drawdown | 2.23 | |||
| Value At Risk | (0.70) | |||
| Potential Upside | 0.8108 |
Pioneer Classic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pioneer Classic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pioneer Classic's standard deviation. In reality, there are many statistical measures that can use Pioneer Classic historical prices to predict the future Pioneer Classic's volatility.| Risk Adjusted Performance | 0.0455 | |||
| Jensen Alpha | 0.0191 | |||
| Total Risk Alpha | 0.0096 | |||
| Sortino Ratio | 0.0035 | |||
| Treynor Ratio | 0.2467 |
Pioneer Classic Balanced Backtested Returns
At this stage we consider Pioneer Mutual Fund to be very steady. Pioneer Classic Balanced maintains Sharpe Ratio (i.e., Efficiency) of 0.0332, which implies the entity had a 0.0332% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Pioneer Classic Balanced, which you can use to evaluate the volatility of the fund. Please check Pioneer Classic's Coefficient Of Variation of 1511.33, semi deviation of 0.3759, and Risk Adjusted Performance of 0.0455 to confirm if the risk estimate we provide is consistent with the expected return of 0.0151%. The fund holds a Beta of 0.084, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pioneer Classic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pioneer Classic is expected to be smaller as well.
Auto-correlation | 0.44 |
Average predictability
Pioneer Classic Balanced has average predictability. Overlapping area represents the amount of predictability between Pioneer Classic time series from 23rd of April 2024 to 21st of August 2024 and 21st of August 2024 to 19th 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 Classic Balanced price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Pioneer Classic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Pioneer Classic Balanced lagged returns against current returns
Autocorrelation, which is Pioneer Classic 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 Classic's mutual fund expected returns. We can calculate the autocorrelation of Pioneer Classic returns to help us make a trade decision. For example, suppose you find that Pioneer Classic 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 Classic 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 Classic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pioneer Classic 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 Classic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pioneer Classic Lagged Returns
When evaluating Pioneer Classic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pioneer Classic mutual fund have on its future price. Pioneer Classic 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 Classic autocorrelation shows the relationship between Pioneer Classic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pioneer Classic Balanced.
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 Classic 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 Classic security.
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