Baird Intermediate Correlations

Mutual Funds USA . 
Fund . Baird Intermediate Bond
BIMIX Fund  USD 10.29  0.02  0.19%   
The current 90-days correlation between Baird Intermediate Bond and Lord Abbett Vertible is 0.38 (i.e., Weak diversification). The correlation of Baird Intermediate 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 Intermediate Correlation With Market

Significant diversification

The correlation between Baird Intermediate Bond and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baird Intermediate 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 Intermediate 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 gross domestic product.

Moving together with Baird Mutual Fund

  0.92BAGIX Baird Aggregate BondPairCorr
  0.91BAGSX Baird Aggregate BondPairCorr
  0.74BSNSX Baird Strategic MunicipalPairCorr
  0.67BSNIX Baird Strategic MunicipalPairCorr
  0.74BTMSX Baird Short TermPairCorr
  0.91BCOSX Baird E PlusPairCorr
  0.83BCOIX Baird E PlusPairCorr
  0.99BIMSX Baird Intermediate BondPairCorr
  0.77BMBSX Baird Quality IntermPairCorr
  0.79BMBIX Baird Quality IntermPairCorr
  0.72BMNSX Baird E IntermediatePairCorr
  0.7BMNIX Baird E IntermediatePairCorr
  0.76BMQSX Baird Municipal BondPairCorr
  0.76BMQIX Baird Municipal BondPairCorr
  0.67CCGIX Chautauqua Global GrowthPairCorr
  0.67CCGSX Chautauqua Global GrowthPairCorr
  0.77CCWIX Chautauqua InternationalPairCorr
  0.76CCWSX Chautauqua InternationalPairCorr
  0.92VBTLX Vanguard Total BondPairCorr
  0.92VBMFX Vanguard Total BondPairCorr
  0.92VBTIX Vanguard Total BondPairCorr
  0.92VTBSX Vanguard Total BondPairCorr
  0.91VTBIX Vanguard Total BondPairCorr
  0.91VTBNX Vanguard Total BondPairCorr
  0.83BFAFX Bond FundPairCorr
  0.83ABNDX Bond FundPairCorr
  0.81BFACX Bond FundPairCorr
  0.82FFBOX American FundsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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