Baird E Plus Fund Market Value
| BCOIX Fund | USD 10.11 0.02 0.20% |
| Symbol | Baird |
Baird Core 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Baird Core's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Baird Core.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Baird Core on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Baird E Plus or generate 0.0% return on investment in Baird Core over 720 days. Baird Core is related to or competes with Metropolitan West, Western Asset, John Hancock, American Beacon, and International Fund. The fund normally invests at least 80 percent of its net assets in the following types of U.S More
Baird Core Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Baird Core's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Baird E Plus upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.58) | |||
| Maximum Drawdown | 1.17 | |||
| Value At Risk | (0.49) | |||
| Potential Upside | 0.391 |
Baird Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Baird Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baird Core's standard deviation. In reality, there are many statistical measures that can use Baird Core historical prices to predict the future Baird Core's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.92) |
Baird E Plus Backtested Returns
Baird E Plus secures Sharpe Ratio (or Efficiency) of -0.0912, which signifies that the fund had a -0.0912% return per unit of risk over the last 3 months. Baird E Plus exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Baird Core's Standard Deviation of 0.2682, mean deviation of 0.2039, and Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0378, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Baird Core's returns are expected to increase less than the market. However, during the bear market, the loss of holding Baird Core is expected to be smaller as well.
Auto-correlation | -0.56 |
Good reverse predictability
Baird E Plus has good reverse predictability. Overlapping area represents the amount of predictability between Baird Core time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Baird E Plus price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Baird Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Baird E Plus lagged returns against current returns
Autocorrelation, which is Baird Core mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Baird Core's mutual fund expected returns. We can calculate the autocorrelation of Baird Core returns to help us make a trade decision. For example, suppose you find that Baird Core has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Baird Core regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Baird Core mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baird Core mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Baird Core mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Baird Core Lagged Returns
When evaluating Baird Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baird Core mutual fund have on its future price. Baird Core autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Baird Core autocorrelation shows the relationship between Baird Core mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Baird E Plus.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Baird Mutual Fund
Baird Core financial ratios help investors to determine whether Baird Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Baird with respect to the benefits of owning Baird Core security.
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
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