Pioneer Solutions Balanced Fund Market Value
| BALRX Fund | USD 11.19 0.06 0.54% |
| Symbol | Pioneer |
Pioneer Solutions '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 Solutions' 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 Solutions.
| 01/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Pioneer Solutions on January 24, 2024 and sell it all today you would earn a total of 0.00 from holding Pioneer Solutions Balanced or generate 0.0% return on investment in Pioneer Solutions over 90 days. Pioneer Solutions is related to or competes with Pioneer Fundamental, Pioneer Global, Pioneer Core, Pioneer Short, Pioneer Short, Pioneer Strategic, and Guggenheim Strategic. The fund is a fund of funds. It seeks to achieve its investment objectives by investing in other funds and using asset a... More
Pioneer Solutions 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 Solutions' 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 Solutions Balanced upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4303 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 1.78 | |||
| Value At Risk | (0.62) | |||
| Potential Upside | 0.5571 |
Pioneer Solutions Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pioneer Solutions' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pioneer Solutions' standard deviation. In reality, there are many statistical measures that can use Pioneer Solutions historical prices to predict the future Pioneer Solutions' volatility.| Risk Adjusted Performance | 0.087 | |||
| Jensen Alpha | 0.0102 | |||
| Total Risk Alpha | 9.0E-4 | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0976 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pioneer Solutions' 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 Solutions Backtested Returns
We consider Pioneer Solutions very steady. Pioneer Solutions maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Pioneer Solutions, which you can use to evaluate the volatility of the fund. Please check Pioneer Solutions' Semi Deviation of 0.2738, risk adjusted performance of 0.087, and Coefficient Of Variation of 649.39 to confirm if the risk estimate we provide is consistent with the expected return of 0.0475%. The fund holds a Beta of 0.46, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pioneer Solutions' returns are expected to increase less than the market. However, during the bear market, the loss of holding Pioneer Solutions is expected to be smaller as well.
Auto-correlation | -0.63 |
Very good reverse predictability
Pioneer Solutions Balanced has very good reverse predictability. Overlapping area represents the amount of predictability between Pioneer Solutions time series from 24th of January 2024 to 9th of March 2024 and 9th of March 2024 to 23rd 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 Solutions price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Pioneer Solutions price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Pioneer Solutions lagged returns against current returns
Autocorrelation, which is Pioneer Solutions 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 Solutions' mutual fund expected returns. We can calculate the autocorrelation of Pioneer Solutions returns to help us make a trade decision. For example, suppose you find that Pioneer Solutions 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 Solutions 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 Solutions mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pioneer Solutions 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 Solutions mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pioneer Solutions Lagged Returns
When evaluating Pioneer Solutions' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pioneer Solutions mutual fund have on its future price. Pioneer Solutions 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 Solutions autocorrelation shows the relationship between Pioneer Solutions mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pioneer Solutions Balanced.
Regressed Prices |
| Timeline |
Pair Trading with Pioneer Solutions
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Pioneer Solutions position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Pioneer Solutions will appreciate offsetting losses from the drop in the long position's value.Moving together with Pioneer Mutual Fund
| 0.92 | PFGKX | Pioneer Fundamental | PairCorr |
| 1.0 | PGEKX | Pioneer Global Equity | PairCorr |
| 0.95 | CERPX | Pioneer Core Equity | PairCorr |
| 0.84 | STIIX | Pioneer Short Term | PairCorr |
The ability to find closely correlated positions to Pioneer Solutions could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pioneer Solutions when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Pioneer Solutions - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Pioneer Solutions Balanced to buy it.
The correlation of Pioneer Solutions is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pioneer Solutions moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pioneer Solutions moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Pioneer Solutions can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Pioneer Solutions Correlation, Pioneer Solutions Volatility and Pioneer Solutions Alpha and Beta module to complement your research on Pioneer Solutions. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Pioneer Solutions 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.