Pioneer Select Mid Fund Market Value
| PGOFX Fund | USD 49.54 1.03 2.04% |
| Symbol | Pioneer |
Pioneer Select '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 Select'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 Select.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Pioneer Select on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Pioneer Select Mid or generate 0.0% return on investment in Pioneer Select over 30 days. Pioneer Select is related to or competes with Blackrock Moderate, Dimensional Retirement, Calvert Moderate, Strategic Allocation, and Jp Morgan. The fund normally invests at least 80 percent of its net assets in equity securities of mid-size companies More
Pioneer Select 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 Select'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 Select Mid upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.15 | |||
| Information Ratio | 0.1368 | |||
| Maximum Drawdown | 4.69 | |||
| Value At Risk | (1.73) | |||
| Potential Upside | 1.92 |
Pioneer Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pioneer Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pioneer Select's standard deviation. In reality, there are many statistical measures that can use Pioneer Select historical prices to predict the future Pioneer Select's volatility.| Risk Adjusted Performance | 0.1897 | |||
| Jensen Alpha | 0.141 | |||
| Total Risk Alpha | 0.0923 | |||
| Sortino Ratio | 0.1218 | |||
| Treynor Ratio | 0.2568 |
Pioneer Select Mid Backtested Returns
Pioneer Select appears to be very steady, given 3 months investment horizon. Pioneer Select Mid maintains Sharpe Ratio (i.e., Efficiency) of 0.22, which implies the entity had a 0.22% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Pioneer Select Mid, which you can use to evaluate the volatility of the fund. Please evaluate Pioneer Select's Risk Adjusted Performance of 0.1897, coefficient of variation of 386.87, and Semi Deviation of 0.7834 to confirm if our risk estimates are consistent with your expectations. The fund holds a Beta of 0.99, which implies possible diversification benefits within a given portfolio. Pioneer Select returns are very sensitive to returns on the market. As the market goes up or down, Pioneer Select is expected to follow.
Auto-correlation | -0.63 |
Very good reverse predictability
Pioneer Select Mid has very good reverse predictability. Overlapping area represents the amount of predictability between Pioneer Select time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Select Mid price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Pioneer Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.54 |
Pioneer Select Mid lagged returns against current returns
Autocorrelation, which is Pioneer Select 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 Select's mutual fund expected returns. We can calculate the autocorrelation of Pioneer Select returns to help us make a trade decision. For example, suppose you find that Pioneer Select 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 Select 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 Select mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pioneer Select 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 Select mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pioneer Select Lagged Returns
When evaluating Pioneer Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pioneer Select mutual fund have on its future price. Pioneer Select 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 Select autocorrelation shows the relationship between Pioneer Select mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pioneer Select Mid.
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 Select 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 Select security.
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