Pioneer Municipal High Stock Market Value
| MAV Stock | USD 7.81 0.02 0.26% |
| Symbol | Pioneer |
Pioneer Municipal High Price To Book Ratio
Is Pioneer Municipal's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Pioneer Municipal. If investors know Pioneer will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Pioneer Municipal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.60) | Dividend Share 0.425 | Earnings Share (0.06) | Revenue Per Share 0.752 | Quarterly Revenue Growth 0.05 |
The market value of Pioneer Municipal High is measured differently than its book value, which is the value of Pioneer that is recorded on the company's balance sheet. Investors also form their own opinion of Pioneer Municipal's value that differs from its market value or its book value, called intrinsic value, which is Pioneer Municipal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Pioneer Municipal's market value can be influenced by many factors that don't directly affect Pioneer Municipal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Pioneer Municipal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pioneer Municipal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pioneer Municipal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Pioneer Municipal '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 Municipal's stock 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 Municipal.
| 02/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in Pioneer Municipal on February 28, 2023 and sell it all today you would earn a total of 0.00 from holding Pioneer Municipal High or generate 0.0% return on investment in Pioneer Municipal over 420 days. Pioneer Municipal is related to or competes with New America, DWS Municipal, RiverNorth Specialty, Putnam Managed, Western Asset, Pioneer Floating, and Gabelli Equity. Pioneer Municipal High Income Advantage Fund, Inc More
Pioneer Municipal 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 Municipal's stock 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 Municipal High upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5895 | |||
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 2.64 | |||
| Value At Risk | (1.11) | |||
| Potential Upside | 0.7576 |
Pioneer Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pioneer Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pioneer Municipal's standard deviation. In reality, there are many statistical measures that can use Pioneer Municipal historical prices to predict the future Pioneer Municipal's volatility.| Risk Adjusted Performance | 0.0045 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pioneer Municipal'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 Municipal High Backtested Returns
We consider Pioneer Municipal very steady. Pioneer Municipal High maintains Sharpe Ratio (i.e., Efficiency) of 0.0253, which implies the firm had a 0.0253% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Pioneer Municipal High, which you can use to evaluate the volatility of the company. Please check Pioneer Municipal's Coefficient Of Variation of 10091.72, semi deviation of 0.4981, and Risk Adjusted Performance of 0.0045 to confirm if the risk estimate we provide is consistent with the expected return of 0.0137%. Pioneer Municipal has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of 0.24, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pioneer Municipal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pioneer Municipal is expected to be smaller as well. Pioneer Municipal High right now holds a risk of 0.54%. Please check Pioneer Municipal High maximum drawdown, as well as the relationship between the expected short fall and rate of daily change , to decide if Pioneer Municipal High will be following its historical price patterns.
Auto-correlation | -0.36 |
Poor reverse predictability
Pioneer Municipal High has poor reverse predictability. Overlapping area represents the amount of predictability between Pioneer Municipal time series from 28th of February 2023 to 26th of September 2023 and 26th of September 2023 to 23rd 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 Municipal High price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Pioneer Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
Pioneer Municipal High lagged returns against current returns
Autocorrelation, which is Pioneer Municipal stock'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 Municipal's stock expected returns. We can calculate the autocorrelation of Pioneer Municipal returns to help us make a trade decision. For example, suppose you find that Pioneer Municipal has exhibited high autocorrelation historically, and you observe that the stock 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 Municipal 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 Municipal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pioneer Municipal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pioneer Municipal stock over time.
Current vs Lagged Prices |
| Timeline |
Pioneer Municipal Lagged Returns
When evaluating Pioneer Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pioneer Municipal stock have on its future price. Pioneer Municipal 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 Municipal autocorrelation shows the relationship between Pioneer Municipal stock current value and its past values and can show if there is a momentum factor associated with investing in Pioneer Municipal High.
Regressed Prices |
| Timeline |
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Complementary Tools for Pioneer Stock analysis
When running Pioneer Municipal's price analysis, check to measure Pioneer Municipal's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Pioneer Municipal is operating at the current time. Most of Pioneer Municipal's value examination focuses on studying past and present price action to predict the probability of Pioneer Municipal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pioneer Municipal's price. Additionally, you may evaluate how the addition of Pioneer Municipal to your portfolios can decrease your overall portfolio volatility.
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Pioneer Municipal technical stock 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, stock market cycles, or different charting patterns.