Pioneer Fundamental Growth Fund Market Value
| FUNCX Fund | USD 27.13 0.15 0.55% |
| Symbol | Pioneer |
Pioneer Fundamental '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 Fundamental'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 Fundamental.
| 04/30/2022 |
| 04/19/2024 |
If you would invest 0.00 in Pioneer Fundamental on April 30, 2022 and sell it all today you would earn a total of 0.00 from holding Pioneer Fundamental Growth or generate 0.0% return on investment in Pioneer Fundamental over 720 days. Pioneer Fundamental is related to or competes with Pioneer Global, Pioneer Disciplined, Pioneer Disciplined, Pioneer Disciplined, Pioneer Short, Pioneer High, and Pioneer Select. The fund normally invests at least 80 percent of its net assets in equity securities of large companies, that is, compan... More
Pioneer Fundamental 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 Fundamental'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 Fundamental Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9279 | |||
| Information Ratio | 0.0182 | |||
| Maximum Drawdown | 4.7 | |||
| Value At Risk | (1.40) | |||
| Potential Upside | 1.43 |
Pioneer Fundamental Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pioneer Fundamental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pioneer Fundamental's standard deviation. In reality, there are many statistical measures that can use Pioneer Fundamental historical prices to predict the future Pioneer Fundamental's volatility.| Risk Adjusted Performance | 0.0646 | |||
| Jensen Alpha | 0.0182 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0163 | |||
| Treynor Ratio | 0.0777 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pioneer Fundamental'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 Fundamental Backtested Returns
We consider Pioneer Fundamental very steady. Pioneer Fundamental maintains Sharpe Ratio (i.e., Efficiency) of 0.0627, which implies the entity had a 0.0627% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Pioneer Fundamental, which you can use to evaluate the volatility of the fund. Please check Pioneer Fundamental's Semi Deviation of 0.7399, coefficient of variation of 995.89, and Risk Adjusted Performance of 0.0646 to confirm if the risk estimate we provide is consistent with the expected return of 0.0514%. The fund holds a Beta of 0.95, which implies possible diversification benefits within a given portfolio. Pioneer Fundamental returns are very sensitive to returns on the market. As the market goes up or down, Pioneer Fundamental is expected to follow.
Auto-correlation | 0.50 |
Modest predictability
Pioneer Fundamental Growth has modest predictability. Overlapping area represents the amount of predictability between Pioneer Fundamental time series from 30th of April 2022 to 25th of April 2023 and 25th of April 2023 to 19th 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 Fundamental price movement. The serial correlation of 0.5 indicates that about 50.0% of current Pioneer Fundamental price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 4.69 |
Pioneer Fundamental lagged returns against current returns
Autocorrelation, which is Pioneer Fundamental 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 Fundamental's mutual fund expected returns. We can calculate the autocorrelation of Pioneer Fundamental returns to help us make a trade decision. For example, suppose you find that Pioneer Fundamental 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 Fundamental 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 Fundamental mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pioneer Fundamental 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 Fundamental mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pioneer Fundamental Lagged Returns
When evaluating Pioneer Fundamental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pioneer Fundamental mutual fund have on its future price. Pioneer Fundamental 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 Fundamental autocorrelation shows the relationship between Pioneer Fundamental mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pioneer Fundamental Growth.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Pioneer Fundamental Correlation, Pioneer Fundamental Volatility and Pioneer Fundamental Alpha and Beta module to complement your research on Pioneer Fundamental. Note that the Pioneer Fundamental information on this page should be used as a complementary analysis to other Pioneer Fundamental'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 Fundamental 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.