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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-05-12), Pioneer Muni Highome Advantage Tr's Beta is 0.87.
The historical data trend for Pioneer Muni Highome Advantage Tr's Beta can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Pioneer Muni Highome Advantage Tr Annual Data | |||||||||||||||
Trend | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | |||||||||
Beta | Get a 7-Day Free Trial | 0.18 | 0.25 | 0.29 | 0.24 | 0.56 |
Pioneer Muni Highome Advantage Tr Semi-Annual Data | |||||||||||||
Sep17 | Mar18 | Sep18 | Mar19 | Sep19 | Mar20 | Sep20 | Mar21 | Sep21 | Mar22 | Sep22 | Mar23 | Sep23 | |
Beta | Get a 7-Day Free Trial | 0.28 | 0.24 | 0.47 | 0.56 | 0.70 |
For the Asset Management subindustry, Pioneer Muni Highome Advantage Tr's Beta, along with its competitors' market caps and Beta data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Asset Management industry and Financial Services sector, Pioneer Muni Highome Advantage Tr's Beta distribution charts can be found below:
* The bar in red indicates where Pioneer Muni Highome Advantage Tr's Beta falls into.
Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. A stock's beta can be calculated by dividing the product of the covariance of the individual stock's returns and the market's returns by the variance of the market's returns over a specified period. Basically, GuruFocus uses the returns calculated over three-year period.
Pioneer Muni Highome Advantage Tr (NYSE:MAV) Beta Explanation
Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. We usually compare beta to 1. A beta of 1 indicates that the security's price will move with the market. A beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market.
Beta is primarily used in the Capital Asset Pricing Model (CAPM) to calculate the Cost of Equity, which can be used in the calculation of WACC %. The formula of Cost of Equity is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)
Thank you for viewing the detailed overview of Pioneer Muni Highome Advantage Tr's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.
Saba Capital Management, L.p. | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
Boaz Weinstein | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
Yana Karalnik | officer: CHIEF COMPLIANCE OFFICER | 60 STATE STREET, BOSTON MA 02109 |
Banc Of America Preferred Funding Corp | 10 percent owner | 214 NORTH TRYON STREET, CHARLOTTE NC 28255 |
Michael Melnick | officer: Assistant Treasurer | 60 STATE STREET, BOSTON MA 02109 |
Koenig Anthony J Jr | officer: Treasurer | 60 STATE STREET, BOSTON MA 02109 |
Diane Durnin | other: Trustee | 60 STATE STREET, BOSTON MA 02109 |
Baumgardner John E Jr. | other: Trustee | 60 STATE STREET, BOSTON MA 02109 |
Mark Edward Bradley | officer: Treasurer | 60 STATE STREET, BOSTON MA 02109 |
John Michael Malone | officer: Chief Compliance Officer | 60 STATE STREET, BOSTON MA 02019 |
Group Ag Ubs | 10 percent owner | BAHNHOFSTRASSE 45, ZURICH V8 CH-8001 |
Wells Fargo Municipal Capital Strategies, Llc | 10 percent owner | 375 PARK AVENUE, NEW YORK NY 10152 |
Wfc Holdings Corp | 10 percent owner | 420 MONTGOMERY STREET, SAN FRANCISCO CA 94104 |
Wells Fargo & Company/mn | 10 percent owner | 420 MONTGOMERY STREET, SAN FRANCISCO CA 94163 |
Bank Of America Corp /de/ | 10 percent owner | BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255 |
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