Pioneer High Yield Fund Market Value
| TAHYX Fund | USD 8.46 0.01 0.12% |
| Symbol | Pioneer |
Pioneer High '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 High'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 High.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Pioneer High on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Pioneer High Yield or generate 0.0% return on investment in Pioneer High over 30 days. Pioneer High is related to or competes with Vanguard High, Blackrock, American Funds, American Funds, and American High. Normally, the fund invests at least 80 percent of its total assets in below investment grade debt securities and preferr... More
Pioneer High 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 High'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 High Yield upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2812 | |||
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 1.06 | |||
| Value At Risk | (0.36) | |||
| Potential Upside | 0.3593 |
Pioneer High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pioneer High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pioneer High's standard deviation. In reality, there are many statistical measures that can use Pioneer High historical prices to predict the future Pioneer High's volatility.| Risk Adjusted Performance | 0.0237 | |||
| Jensen Alpha | 0.0069 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.19) | |||
| Treynor Ratio | (0.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pioneer High'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 High Yield Backtested Returns
We consider Pioneer High very steady. Pioneer High Yield maintains Sharpe Ratio (i.e., Efficiency) of 0.077, which implies the entity had a 0.077% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Pioneer High Yield, which you can use to evaluate the volatility of the fund. Please check Pioneer High's Risk Adjusted Performance of 0.0237, coefficient of variation of 1421.52, and Semi Deviation of 0.1461 to confirm if the risk estimate we provide is consistent with the expected return of 0.0155%. The fund holds a Beta of -0.0387, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pioneer High are expected to decrease at a much lower rate. During the bear market, Pioneer High is likely to outperform the market.
Auto-correlation | -0.48 |
Modest reverse predictability
Pioneer High Yield has modest reverse predictability. Overlapping area represents the amount of predictability between Pioneer High time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 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 High Yield price movement. The serial correlation of -0.48 indicates that about 48.0% of current Pioneer High price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pioneer High Yield lagged returns against current returns
Autocorrelation, which is Pioneer High 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 High's mutual fund expected returns. We can calculate the autocorrelation of Pioneer High returns to help us make a trade decision. For example, suppose you find that Pioneer High 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 High 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 High mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pioneer High 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 High mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pioneer High Lagged Returns
When evaluating Pioneer High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pioneer High mutual fund have on its future price. Pioneer High 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 High autocorrelation shows the relationship between Pioneer High mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pioneer High Yield.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Pioneer High Correlation, Pioneer High Volatility and Pioneer High Alpha and Beta module to complement your research on Pioneer High. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Pioneer High 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.