Baird Quality Intermediate Fund Market Value
| BMBSX Fund | USD 11.37 0.01 0.09% |
| Symbol | Baird |
Baird Quality '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 Quality'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 Quality.
| 05/04/2023 |
| 11/24/2024 |
If you would invest 0.00 in Baird Quality on May 4, 2023 and sell it all today you would earn a total of 0.00 from holding Baird Quality Intermediate or generate 0.0% return on investment in Baird Quality over 570 days. Baird Quality is related to or competes with Schwab Tax-free, Fidelity Intermediate, T Rowe, Baird Quality, and Intermediate Term. The fund normally invests at least 80 percent of its net assets in municipal bonds and debentures, the interest from whi... More
Baird Quality 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 Quality'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 Quality Intermediate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2803 | |||
| Information Ratio | (0.84) | |||
| Maximum Drawdown | 0.9703 | |||
| Value At Risk | (0.18) | |||
| Potential Upside | 0.1767 |
Baird Quality Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Baird Quality's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baird Quality's standard deviation. In reality, there are many statistical measures that can use Baird Quality historical prices to predict the future Baird Quality's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.47) | |||
| Treynor Ratio | (0.24) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Baird Quality's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Baird Quality Interm Backtested Returns
Baird Quality Interm secures Sharpe Ratio (or Efficiency) of -0.0079, which signifies that the fund had a -0.0079% return per unit of risk over the last 3 months. Baird Quality Intermediate exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Baird Quality's Risk Adjusted Performance of (0.04), mean deviation of 0.0853, and Downside Deviation of 0.2803 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0406, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Baird Quality's returns are expected to increase less than the market. However, during the bear market, the loss of holding Baird Quality is expected to be smaller as well.
Auto-correlation | 0.39 |
Below average predictability
Baird Quality Intermediate has below average predictability. Overlapping area represents the amount of predictability between Baird Quality time series from 4th of May 2023 to 13th of February 2024 and 13th of February 2024 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 Quality Interm price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Baird Quality price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Baird Quality Interm lagged returns against current returns
Autocorrelation, which is Baird Quality 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 Quality's mutual fund expected returns. We can calculate the autocorrelation of Baird Quality returns to help us make a trade decision. For example, suppose you find that Baird Quality 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 Quality 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 Quality mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baird Quality 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 Quality mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Baird Quality Lagged Returns
When evaluating Baird Quality's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baird Quality mutual fund have on its future price. Baird Quality 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 Quality autocorrelation shows the relationship between Baird Quality mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Baird Quality Intermediate.
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 Quality 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 Quality security.
| CEOs Directory Screen CEOs from public companies around the world | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. |