Baird Aggregate Correlations

Mutual Funds . USA . 
Fund . Baird Aggregate Bond
BAGSX Fund  USD 10.05  0.02  0.20%   
The current 90-days correlation between Baird Aggregate Bond and Pear Tree Polaris is 0.1 (i.e., Average diversification). The correlation of Baird Aggregate is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Baird Aggregate Correlation With Market

Significant diversification

The correlation between Baird Aggregate Bond and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baird Aggregate Bond and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Baird Aggregate Bond. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Baird Mutual Fund

  1.0BAGIX Baird Aggregate BondPairCorr
  0.67BSNSX Baird Strategic MunicipalPairCorr
  0.62BSNIX Baird Strategic MunicipalPairCorr
  0.71BTMSX Baird Short TermPairCorr
  1.0BCOSX Baird E PlusPairCorr
  0.91BCOIX Baird E PlusPairCorr
  0.94BIMSX Baird Intermediate BondPairCorr
  0.91BIMIX Baird Intermediate BondPairCorr
  0.77BMBSX Baird Quality IntermPairCorr
  0.78BMBIX Baird Quality IntermPairCorr
  0.73BMDSX Baird MidcapPairCorr
  0.72BMDIX Baird MidcapPairCorr
  0.73BMNSX Baird E IntermediatePairCorr
  0.69BMNIX Baird E IntermediatePairCorr
  0.76BMQSX Baird Municipal BondPairCorr
  0.76BMQIX Baird Municipal BondPairCorr
  0.84CCGIX Chautauqua Global GrowthPairCorr
  0.84CCGSX Chautauqua Global GrowthPairCorr
  0.86CCWIX Chautauqua InternationalPairCorr
  0.86CCWSX Chautauqua InternationalPairCorr
  0.99VBTLX Vanguard Total BondPairCorr
  0.99VBMFX Vanguard Total BondPairCorr
  0.99VBTIX Vanguard Total BondPairCorr
  0.99VTBSX Vanguard Total BondPairCorr
  0.99VTBIX Vanguard Total BondPairCorr
  0.99VTBNX Vanguard Total BondPairCorr
  0.92BFAFX Bond FundPairCorr
  0.92ABNDX Bond FundPairCorr
  0.92BFACX Bond FundPairCorr
  0.91FFBOX American FundsPairCorr

Moving against Baird Mutual Fund

  0.56BUBIX Baird Ultra ShortPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
BAGIX
+ 0.91
TGFNX
TGFNX
+ 0.8
QFVOX
BAGIX
+ 0.71
QFVOX
WGROX
+ 0.7
TGFNX
BAGIX
+ 0.66
WGROX
WGROX
+ 0.52
QFVOX
  
High negative correlations   
PAXHX
- 0.14
QFVOX

Risk-Adjusted Indicators

There is a big difference between Baird Mutual Fund performing well and Baird Aggregate Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Baird Aggregate's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY