Pioneer E Equity Fund Market Value
| PIOTX Fund | USD 23.23 0.07 0.30% |
| Symbol | Pioneer |
Pioneer Core '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 Core'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 Core.
| 05/13/2023 |
| 12/03/2024 |
If you would invest 0.00 in Pioneer Core on May 13, 2023 and sell it all today you would earn a total of 0.00 from holding Pioneer E Equity or generate 0.0% return on investment in Pioneer Core over 570 days. Pioneer Core is related to or competes with Black Oak, Nasdaq 100, T Rowe, Dodge Cox, and Shelton Emerging. Normally, the fund invests at least 80 percent of its net assets in equity securities, primarily of U.S More
Pioneer Core 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 Core'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 E Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.1 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 6.73 | |||
| Value At Risk | (1.58) | |||
| Potential Upside | 1.0 |
Pioneer Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pioneer Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pioneer Core's standard deviation. In reality, there are many statistical measures that can use Pioneer Core historical prices to predict the future Pioneer Core's volatility.| Risk Adjusted Performance | 0.0416 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0457 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pioneer Core'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 E Equity Backtested Returns
At this stage we consider Pioneer Mutual Fund to be very steady. Pioneer E Equity maintains Sharpe Ratio (i.e., Efficiency) of 0.0718, which implies the entity had a 0.0718% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Pioneer E Equity, which you can use to evaluate the volatility of the fund. Please check Pioneer Core's Risk Adjusted Performance of 0.0416, semi deviation of 1.02, and Coefficient Of Variation of 1904.55 to confirm if the risk estimate we provide is consistent with the expected return of 0.0628%. The fund holds a Beta of 0.81, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pioneer Core's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pioneer Core is expected to be smaller as well.
Auto-correlation | 0.62 |
Good predictability
Pioneer E Equity has good predictability. Overlapping area represents the amount of predictability between Pioneer Core time series from 13th of May 2023 to 22nd of February 2024 and 22nd of February 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 E Equity price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Pioneer Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.45 |
Pioneer E Equity lagged returns against current returns
Autocorrelation, which is Pioneer Core 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 Core's mutual fund expected returns. We can calculate the autocorrelation of Pioneer Core returns to help us make a trade decision. For example, suppose you find that Pioneer Core 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 Core 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 Core mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pioneer Core 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 Core mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pioneer Core Lagged Returns
When evaluating Pioneer Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pioneer Core mutual fund have on its future price. Pioneer Core 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 Core autocorrelation shows the relationship between Pioneer Core mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pioneer E 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 Core 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 Core security.
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