Pioneer Select Mid Fund Market Value
| GROYX Fund | USD 51.07 0.15 0.29% |
| 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.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Pioneer Select on March 26, 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 HUMANA, Barloworld, Morningstar Unconstrained, High Yield, Thrivent High, Via Renewables, and T Rowe. 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 | 1.28 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 6.79 | |||
| Value At Risk | (1.83) | |||
| Potential Upside | 1.86 |
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 | 0.046 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0534 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pioneer Select'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 Select Mid Backtested Returns
We consider Pioneer Select very steady. Pioneer Select Mid maintains Sharpe Ratio (i.e., Efficiency) of 0.0599, which implies the entity had a 0.0599% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Pioneer Select Mid, which you can use to evaluate the volatility of the fund. Please check Pioneer Select's Risk Adjusted Performance of 0.046, semi deviation of 1.16, and Coefficient Of Variation of 1510.47 to confirm if the risk estimate we provide is consistent with the expected return of 0.0723%. The fund holds a Beta of 1.28, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Pioneer Select will likely underperform.
Auto-correlation | 0.56 |
Modest predictability
Pioneer Select Mid has modest predictability. Overlapping area represents the amount of predictability between Pioneer Select time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 0.56 indicates that roughly 56.0% of current Pioneer Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 1.77 |
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 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Pioneer Select in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Pioneer Select's short interest history, or implied volatility extrapolated from Pioneer Select options trading.
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Pioneer Select technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.