Ashesh Savla - Pioneer Disciplined Fund Manager
| CVRFX Fund | USD 13.37 0.05 0.38% |
Savla is a quantitative research analyst, and he also assists with portfolio construction. He joined Pioneer in 2003 and has focused on the development and implementation of quantitative models and portfolio construction techniques since joining the firm.
| Phone | 800-225-6292 |
Pioneer Disciplined Management Performance (%)
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Pioneer Fund Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right mutual fund is not an easy task. Is Pioneer Disciplined a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Price To Earning | 16.45 X | |||
| Price To Book | 2.21 X | |||
| Price To Sales | 1.81 X | |||
| Total Asset | 8.06 M | |||
| Annual Yield | 0.01 % | |||
| Year To Date Return | 2.72 % | |||
| One Year Return | 7.58 % | |||
| Three Year Return | 4.03 % | |||
| Five Year Return | 7.75 % | |||
| Ten Year Return | 8.44 % |
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
| 0.56 | 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Pioneer Disciplined Value. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the Pioneer Disciplined Value 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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.