Pioneer Mid Cap Fund Market Value
| PMCKX Fund | USD 26.67 0.13 0.49% |
| Symbol | Pioneer |
Pioneer Mid '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 Mid'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 Mid.
| 09/21/2024 |
| 11/20/2024 |
If you would invest 0.00 in Pioneer Mid on September 21, 2024 and sell it all today you would earn a total of 0.00 from holding Pioneer Mid Cap or generate 0.0% return on investment in Pioneer Mid over 60 days. Pioneer Mid is related to or competes with Pioneer Fundamental, Pioneer Global, Pioneer Solutions, Pioneer Core, Pioneer Short, Pioneer Short, and Pioneer Strategic. Normally, the fund invests at least 80 percent of its total assets in equity securities of mid-size companies More
Pioneer Mid 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 Mid'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 Mid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6605 | |||
| Information Ratio | 0.0549 | |||
| Maximum Drawdown | 4.36 | |||
| Value At Risk | (0.91) | |||
| Potential Upside | 1.14 |
Pioneer Mid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pioneer Mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pioneer Mid's standard deviation. In reality, there are many statistical measures that can use Pioneer Mid historical prices to predict the future Pioneer Mid's volatility.| Risk Adjusted Performance | 0.1245 | |||
| Jensen Alpha | 0.1265 | |||
| Total Risk Alpha | 0.0388 | |||
| Sortino Ratio | 0.0669 | |||
| Treynor Ratio | (2.37) |
Pioneer Mid Cap Backtested Returns
At this stage we consider Pioneer Mutual Fund to be very steady. Pioneer Mid Cap maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Pioneer Mid Cap, which you can use to evaluate the volatility of the fund. Please check Pioneer Mid's Semi Deviation of 0.4848, coefficient of variation of 608.34, and Risk Adjusted Performance of 0.1245 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. The fund holds a Beta of -0.0517, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pioneer Mid are expected to decrease at a much lower rate. During the bear market, Pioneer Mid is likely to outperform the market.
Auto-correlation | 0.69 |
Good predictability
Pioneer Mid Cap has good predictability. Overlapping area represents the amount of predictability between Pioneer Mid time series from 21st of September 2024 to 21st of October 2024 and 21st of October 2024 to 20th of November 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 Mid Cap price movement. The serial correlation of 0.69 indicates that around 69.0% of current Pioneer Mid price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Pioneer Mid Cap lagged returns against current returns
Autocorrelation, which is Pioneer Mid 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 Mid's mutual fund expected returns. We can calculate the autocorrelation of Pioneer Mid returns to help us make a trade decision. For example, suppose you find that Pioneer Mid 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 Mid 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 Mid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pioneer Mid 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 Mid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pioneer Mid Lagged Returns
When evaluating Pioneer Mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pioneer Mid mutual fund have on its future price. Pioneer Mid 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 Mid autocorrelation shows the relationship between Pioneer Mid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pioneer Mid Cap.
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 Mid 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 Mid security.
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