Pioneer Disciplined Value Fund Market Value
| CVFYX Fund | USD 14.41 0.05 0.35% |
| Symbol | Pioneer |
Pioneer Disciplined '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 Disciplined'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 Disciplined.
| 05/01/2023 |
| 04/25/2024 |
If you would invest 0.00 in Pioneer Disciplined on May 1, 2023 and sell it all today you would earn a total of 0.00 from holding Pioneer Disciplined Value or generate 0.0% return on investment in Pioneer Disciplined over 360 days. Pioneer Disciplined is related to or competes with Edgewood Growth, Hartford Schroders, HUMANA, Morningstar Unconstrained, High Yield, Thrivent High, and Via Renewables. The fund invests primarily in equity securities of U.S More
Pioneer Disciplined 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 Disciplined'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 Disciplined Value upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8043 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 3.79 | |||
| Value At Risk | (1.00) | |||
| Potential Upside | 0.8529 |
Pioneer Disciplined Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pioneer Disciplined's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pioneer Disciplined's standard deviation. In reality, there are many statistical measures that can use Pioneer Disciplined historical prices to predict the future Pioneer Disciplined's volatility.| Risk Adjusted Performance | 0.0647 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.067 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pioneer Disciplined'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 Disciplined Value Backtested Returns
We consider Pioneer Disciplined very steady. Pioneer Disciplined Value maintains Sharpe Ratio (i.e., Efficiency) of 0.0864, which implies the entity had a 0.0864% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Pioneer Disciplined Value, which you can use to evaluate the volatility of the fund. Please check Pioneer Disciplined's Risk Adjusted Performance of 0.0647, semi deviation of 0.7256, and Coefficient Of Variation of 971.4 to confirm if the risk estimate we provide is consistent with the expected return of 0.0568%. The fund holds a Beta of 0.87, which implies possible diversification benefits within a given portfolio. Pioneer Disciplined returns are very sensitive to returns on the market. As the market goes up or down, Pioneer Disciplined is expected to follow.
Auto-correlation | 0.21 |
Weak predictability
Pioneer Disciplined Value has weak predictability. Overlapping area represents the amount of predictability between Pioneer Disciplined time series from 1st of May 2023 to 28th of October 2023 and 28th of October 2023 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 Disciplined Value price movement. The serial correlation of 0.21 indicates that over 21.0% of current Pioneer Disciplined price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.34 |
Pioneer Disciplined Value lagged returns against current returns
Autocorrelation, which is Pioneer Disciplined 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 Disciplined's mutual fund expected returns. We can calculate the autocorrelation of Pioneer Disciplined returns to help us make a trade decision. For example, suppose you find that Pioneer Disciplined 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 Disciplined 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 Disciplined mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pioneer Disciplined 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 Disciplined mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pioneer Disciplined Lagged Returns
When evaluating Pioneer Disciplined's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pioneer Disciplined mutual fund have on its future price. Pioneer Disciplined 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 Disciplined autocorrelation shows the relationship between Pioneer Disciplined mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pioneer Disciplined Value.
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 Disciplined 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 Disciplined's short interest history, or implied volatility extrapolated from Pioneer Disciplined options trading.
Pair Trading with Pioneer Disciplined
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 Disciplined 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 Disciplined will appreciate offsetting losses from the drop in the long position's value.Moving together with Pioneer Mutual Fund
| 1.0 | CVFCX | Pioneer Disciplined Value | PairCorr |
| 0.8 | PGRRX | Pioneer Select Mid | PairCorr |
| 0.98 | PYEQX | Pioneer Equity Me | PairCorr |
| 0.94 | PYICX | Pioneer High Yield | PairCorr |
Moving against Pioneer Mutual Fund
| 0.57 | PFHCX | Pacific Funds Small | PairCorr |
The ability to find closely correlated positions to Pioneer Disciplined 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 Disciplined 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 Disciplined - 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 Disciplined Value to buy it.
The correlation of Pioneer Disciplined 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 Disciplined moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pioneer Disciplined Value 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 Disciplined 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 Disciplined Correlation, Pioneer Disciplined Volatility and Pioneer Disciplined Alpha and Beta module to complement your research on Pioneer Disciplined. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Pioneer Disciplined 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.