PHD Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: PHD could achieve moderate returns due to historical mean reversion and its floating rate structure, offering resilience against rate hikes.




Bearish Case: Concerns over management fees and broader economic impacts on floating rates may lead to stagnation or decline, especially if macro pressures increase.




Potential Outcomes: Moderate gains (55%): historical mean reversion; Stagnation (35%): economic pressures; Decline (10%): macro shocks.



April 27, 2025


Pioneer Floating Rate Forecast

PHD        Pioneer Floating Rate











Correlated Assets

Assets that tend to move strongly with PHD



ALGN Forecast + Options Trading Strategies   ALGN  Align Technology (0.77)


GOGL Forecast + Options Trading Strategies   GOGL  Golden Ocean (0.77)


BBWI Forecast + Options Trading Strategies   BBWI  Bath & Body Works (0.72)


COTY Forecast + Options Trading Strategies   COTY  Coty (0.7)


TX Forecast + Options Trading Strategies   TX  Ternium S.A. - (0.7)



Uncorrelated Assets

Assets with little price relationship to PHD



AME Forecast + Options Trading Strategies   AME  Ametek (-0.0)


EXAS Forecast + Options Trading Strategies   EXAS  Exact Sciences (-0.01)


FSK Forecast + Options Trading Strategies   FSK  FS KKR (0.01)


HRI Forecast + Options Trading Strategies   HRI  Herc (0.01)


MAIN Forecast + Options Trading Strategies   MAIN  Main Street (0.01)



Anticorrelated Assets

Assets that tend to move strongly against PHD



FOXA Forecast + Options Trading Strategies   FOXA  Fox Corporation - (-0.61)


ORLY Forecast + Options Trading Strategies   ORLY  O'Reilly Automotive (-0.66)


ORI Forecast + Options Trading Strategies   ORI  Old Republic International (-0.66)


VIXY Forecast + Options Trading Strategies   VIXY  ProShares VIX Short-Term Futures (-0.82)


VXX Forecast + Options Trading Strategies   VXX  iPath Series B S&P 500 VIX Short-Term Futures (-0.82)









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