Pioneer Mid Cap Fund Market Value
| PCCGX Fund | USD 12.32 0.06 0.48% |
| 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.
| 03/27/2024 |
| 04/26/2024 |
If you would invest 0.00 in Pioneer Mid on March 27, 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 30 days. Pioneer Mid is related to or competes with Nexpoint Real, Short Real, Us Real, Aew Real, and Davis Real. The investment seeks capital appreciation by investing in a diversified portfolio of securities consisting primarily of ... 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 | 1.02 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.93 | |||
| Value At Risk | (1.60) | |||
| Potential Upside | 1.11 |
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 | 0.055 | |||
| Jensen Alpha | 0.0454 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.3482 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pioneer Mid'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 Mid Cap Backtested Returns
We consider Pioneer Mid out of control. Pioneer Mid Cap maintains Sharpe Ratio (i.e., Efficiency) of 0.0845, which implies the entity had a 0.0845% 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 Coefficient Of Variation of 1183.13, risk adjusted performance of 0.055, and Semi Deviation of 0.8566 to confirm if the risk estimate we provide is consistent with the expected return of 0.0676%. The fund holds a Beta of 0.17, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pioneer Mid's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pioneer Mid is expected to be smaller as well.
Auto-correlation | 0.21 |
Weak predictability
Pioneer Mid Cap has weak predictability. Overlapping area represents the amount of predictability between Pioneer Mid time series from 27th of March 2024 to 11th of April 2024 and 11th of April 2024 to 26th 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 Mid Cap price movement. The serial correlation of 0.21 indicates that over 21.0% of current Pioneer Mid price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
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 |
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 Mid 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 Mid's short interest history, or implied volatility extrapolated from Pioneer Mid options trading.
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Check out Pioneer Mid Correlation, Pioneer Mid Volatility and Pioneer Mid Alpha and Beta module to complement your research on Pioneer Mid. Note that the Pioneer Mid Cap information on this page should be used as a complementary analysis to other Pioneer Mid's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Pioneer Mid 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.