Pioneer Disciplined Growth Fund Market Value
| PINDX Fund | USD 17.55 0.08 0.46% |
| 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.
| 04/10/2024 |
| 05/10/2024 |
If you would invest 0.00 in Pioneer Disciplined on April 10, 2024 and sell it all today you would earn a total of 0.00 from holding Pioneer Disciplined Growth or generate 0.0% return on investment in Pioneer Disciplined over 30 days. Pioneer Disciplined is related to or competes with Nexpoint Real, Columbia Real, Davis Real, Prudential Real, Virtus Real, Short Real, and Dunham Real. 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 Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9558 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 4.46 | |||
| Value At Risk | (1.42) | |||
| Potential Upside | 1.2 |
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 | 0.0469 | |||
| Jensen Alpha | 0.0421 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.3931 |
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 Backtested Returns
We consider Pioneer Disciplined very steady. Pioneer Disciplined maintains Sharpe Ratio (i.e., Efficiency) of 0.0359, which implies the entity had a 0.0359% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Pioneer Disciplined, which you can use to evaluate the volatility of the fund. Please check Pioneer Disciplined's Semi Deviation of 0.801, risk adjusted performance of 0.0469, and Coefficient Of Variation of 1402.87 to confirm if the risk estimate we provide is consistent with the expected return of 0.0311%. The fund holds a Beta of 0.13, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pioneer Disciplined's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pioneer Disciplined is expected to be smaller as well.
Auto-correlation | -0.3 |
Weak reverse predictability
Pioneer Disciplined Growth has weak reverse predictability. Overlapping area represents the amount of predictability between Pioneer Disciplined time series from 10th of April 2024 to 25th of April 2024 and 25th of April 2024 to 10th of May 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 price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Pioneer Disciplined price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Pioneer Disciplined 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 Growth.
Regressed Prices |
| Timeline |
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Check out Pioneer Disciplined Correlation, Pioneer Disciplined Volatility and Pioneer Disciplined Alpha and Beta module to complement your research on Pioneer Disciplined. Note that the Pioneer Disciplined information on this page should be used as a complementary analysis to other Pioneer Disciplined'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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
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.