Pioneer Municipal Highome Opportunities Fund (Pioneer Municipal Highome Opportunities Fund) Sloan Ratio % : 0.00% (As of Oct. 2023)

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What is Pioneer Municipal Highome Opportunities Fund Sloan Ratio %?

Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.

Pioneer Municipal Highome Opportunities Fund's Sloan Ratio for the quarter that ended in Oct. 2023 was 0.00%.

As of Oct. 2023, Pioneer Municipal Highome Opportunities Fund has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

Pioneer Municipal Highome Opportunities Fund Sloan Ratio % Historical Data

The historical data trend for Pioneer Municipal Highome Opportunities Fund's Sloan Ratio % 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.

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Pioneer Municipal Highome Opportunities Fund Sloan Ratio % Chart

Pioneer Municipal Highome Opportunities Fund Annual Data

Trend

Apr22

Apr23

Sloan Ratio %

Pioneer Municipal Highome Opportunities Fund Quarterly Data
	Oct21	Apr22	Oct22	Apr23	Oct23
Sloan Ratio %	-	-	-	-	-

Competitive Comparison of Pioneer Municipal Highome Opportunities Fund's Sloan Ratio %

For the Asset Management subindustry, Pioneer Municipal Highome Opportunities Fund's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % 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.

Pioneer Municipal Highome Opportunities Fund's Sloan Ratio % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Pioneer Municipal Highome Opportunities Fund's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Pioneer Municipal Highome Opportunities Fund's Sloan Ratio % falls into.

Pioneer Municipal Highome Opportunities Fund Sloan Ratio % Calculation

Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.

Pioneer Municipal Highome Opportunities Fund's Sloan Ratio for the fiscal year that ended in Apr. 2023 is calculated as

Sloan Ratio	=	(Net Income (A: Apr. 2023 )	-	Cash Flow from Operations (A: Apr. 2023 )
	-	Cash Flow from Investing (A: Apr. 2023 ))	/	Total Assets (A: Apr. 2023 )
	=	(-23.942	-	58.697
	-	0)	/	307.792
	=	-26.85%

Pioneer Municipal Highome Opportunities Fund's Sloan Ratio for the quarter that ended in Oct. 2023 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Oct. 2023 )
	=	(0	-	0
	-	0)	/	215.059
	=	0.00%

Pioneer Municipal Highome Opportunities Fund's Net Income for the trailing twelve months (TTM) ended in Oct. 2023 was 0 (Apr. 2022 ) + 0 (Oct. 2022 ) + 0 (Apr. 2023 ) + 0 (Oct. 2023 ) = $0.00 Mil.
Pioneer Municipal Highome Opportunities Fund's Cash Flow from Operations for the trailing twelve months (TTM) ended in Oct. 2023 was 0 (Apr. 2022 ) + 0 (Oct. 2022 ) + 0 (Apr. 2023 ) + 0 (Oct. 2023 ) = $0.00 Mil.
Pioneer Municipal Highome Opportunities Fund's Cash Flow from Investing for the trailing twelve months (TTM) ended in Oct. 2023 was 0 (Apr. 2022 ) + 0 (Oct. 2022 ) + 0 (Apr. 2023 ) + 0 (Oct. 2023 ) = $0.00 Mil.

Pioneer Municipal Highome Opportunities Fund (NYSE:MIO) Sloan Ratio % Explanation

A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.

According to How to Beat the Market with the Sloan Ratio:

If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.

If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.

If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.

As of Oct. 2023, Pioneer Municipal Highome Opportunities Fund has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

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Pioneer Municipal Highome Opportunities Fund (Pioneer Municipal Highome Opportunities Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Pioneer Municipal High Income Opportunities Fund Inc. (NYSE:MIO) » Definitions » Sloan Ratio %

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 State Street, Boston, MA, USA, 02109

Website

https://www.amundi.com

Pioneer Municipal High Income Opportunities Fund Inc. is a diversified, closed-end management investment company. The Fund's primary investment objective is to provide holders of the Fund's common stock with a high level of current income exempt from regular federal income tax.

Executives

Yana Karalnik	officer: CHIEF COMPLIANCE OFFICER	60 STATE STREET, BOSTON MA 02109
Marguerite A Piret	other: Trustee	C/O NEWBURY PIRET AND CO., 200 STATE STREET 12TH FLOOR, BOSTON MA 02109
Koenig Anthony J Jr	officer: Treasurer	60 STATE STREET, BOSTON MA 02109
Michael Melnick	officer: Assistant Treasurer	60 STATE STREET, BOSTON MA 02109
David Eurkus	other: Affiliated Person	PIONEER INVESTMENTS, 60 STATE STREET, BOSTON MA 02109
Jonathan Chirunga	other: Affiliated Person	60 STATE STREET, BOSTON MA 02109
Craig C Mackay	other: Trustee	75 WEST 125TH STREET, NEW YORK NY 10027
Christopher J Kelley	officer: Secretary	C/O PIONEER INVESTMENT, 60 STATE ST, BOSTON MA 01109-1820
Luis I Presutti	officer: Assistant Treasurer
Gary Sullivan	officer: Assistant Treasurer	60 STAT STREET, C/OPIONEER INVESTMENT MANAGEMENT INC, BOSTON MA 02109
Amundi Asset Management Us, Inc.	other: Investment Adviser	60 STATE STREET, 5TH FLOOR, BOSTON MA 02109
Thomas J Perna	other: Trustee	89 ROBBINS AVENUE, BERKELEY HEIGHTS NJ 07922
Benjamin M Friedman	other: Trustee	C/O HARVARD UNIVERSITY, CAMBRIDGE MA 02138
Thomas J Reyes	officer: Assistant Secretary	60 STATE STREET, 13TH FLOOR, BOSTON MA 02109
Kenneth Taubes	other: Trustee