Baird Core Correlations

Mutual Funds . USA . 
Fund . Baird E Plus
BCOSX Fund  USD 10.55  0.01  0.09%   
The current 90-days correlation between Baird E Plus and Metropolitan West Total is -0.02 (i.e., Good diversification). The correlation of Baird Core 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 Core Correlation With Market

Modest diversification

The correlation between Baird E Plus and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baird E Plus 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 E Plus. 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
  0.9BAGSX Baird Aggregate BondPairCorr
  0.67BSNSX Baird Strategic MunicipalPairCorr
  0.66BSNIX Baird Strategic MunicipalPairCorr
  0.89BCOIX Baird E PlusPairCorr
  0.78BIMSX Baird Intermediate BondPairCorr
  0.86BIMIX Baird Intermediate BondPairCorr
  0.74BMBSX Baird Quality IntermPairCorr
  0.85BMBIX Baird Quality IntermPairCorr
  0.84BMDSX Baird MidcapPairCorr
  0.84BMDIX Baird MidcapPairCorr
  0.74BMNSX Baird E IntermediatePairCorr
  0.71BMNIX Baird E IntermediatePairCorr
  0.76BMQSX Baird Municipal BondPairCorr
  0.76BMQIX Baird Municipal BondPairCorr
  0.82CCGIX Chautauqua Global GrowthPairCorr
  0.82CCGSX Chautauqua Global GrowthPairCorr
  0.81CCWIX Chautauqua InternationalPairCorr
  0.81CCWSX Chautauqua InternationalPairCorr
  0.98MWTNX Metropolitan West TotalPairCorr
  0.98MWTSX Metropolitan West TotalPairCorr
  0.98PTTPX Pimco Total ReturnPairCorr
  0.88PTRRX Total ReturnPairCorr
  0.88PTRAX Total ReturnPairCorr
  0.98PTTRX Total ReturnPairCorr
  0.97FIWGX Strategic AdvisersPairCorr
  0.9DODIX Dodge IncomePairCorr
  0.97MWTIX Metropolitan West TotalPairCorr
  0.89MWTRX Metropolitan West TotalPairCorr
  0.76FTYPX Fidelity Freedom IndexPairCorr
  0.84FFBTX Fidelity Freedom BlendPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Baird Mutual Fund performing well and Baird Core 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 Core'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.

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