MAV Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: Potential government intervention could uplift MAV, driven by positive momentum in municipal bonds and tax-exempt income potential.




Bearish Case: Persistent underperformance, cautious social sentiment, and likelihood of negative returns suggest continued downward pressure on MAV.




Potential Outcomes:

1. Government intervention boosts MAV (25%).

2. Major shareholder exit triggers panic (20%).

3. Dividends stabilize prices (30%).

4. Continued flat performance (25%).



April 29, 2025


Pioneer Municipal High Income Advantage Forecast

MAV        Pioneer Municipal High Income Advantage











Correlated Assets

Assets that tend to move strongly with MAV



BOX Forecast + Options Trading Strategies   BOX  Box (0.76)


SCHD Forecast + Options Trading Strategies   SCHD  Schwab US Dividend Equity (0.76)


GRBK Forecast + Options Trading Strategies   GRBK  Green Brick (0.76)


HIG Forecast + Options Trading Strategies   HIG  Hartford Financial Services (0.74)


RY Forecast + Options Trading Strategies   RY  Royal Bank Of Canada (0.74)



Uncorrelated Assets

Assets with little price relationship to MAV



ARR Forecast + Options Trading Strategies   ARR  ARMOUR Residential REIT (-0.01)


RPD Forecast + Options Trading Strategies   RPD  Rapid7 (0.02)


PCOR Forecast + Options Trading Strategies   PCOR  Procore (-0.02)


HUBS Forecast + Options Trading Strategies   HUBS  HubSpot (0.02)


NBR Forecast + Options Trading Strategies   NBR  Nabors Industries (-0.02)



Anticorrelated Assets

Assets that tend to move strongly against MAV



GT Forecast + Options Trading Strategies   GT  Goodyear Tire & Rubber (-0.64)


ETR Forecast + Options Trading Strategies   ETR  Entergy (-0.66)


M Forecast + Options Trading Strategies   M  Macy's (-0.67)


SPDN Forecast + Options Trading Strategies   SPDN  Direxion Daily S&P 500 Bear 1X Shares (-0.67)


WBA Forecast + Options Trading Strategies   WBA  Walgreens Boots Alliance (-0.76)









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