Baird E Intermediate Fund Market Value
| BMNSX Fund | USD 10.33 0.02 0.19% |
| Symbol | Baird |
Baird E '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 E'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 E.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Baird E on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Baird E Intermediate or generate 0.0% return on investment in Baird E over 30 days. Baird E is related to or competes with HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, High-yield Municipal, Via Renewables, and American Century. The fund normally invests at least 80 percent of its net assets in municipal bonds and debentures, the income from which... More
Baird E 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 E'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 Intermediate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.33 | |||
| Information Ratio | (0.74) | |||
| Maximum Drawdown | 0.9739 | |||
| Value At Risk | (0.29) | |||
| Potential Upside | 0.291 |
Baird E Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Baird E's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baird E's standard deviation. In reality, there are many statistical measures that can use Baird E historical prices to predict the future Baird E's volatility.| Risk Adjusted Performance | 0.0119 | |||
| Jensen Alpha | 0.0066 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.36) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Baird E'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 E Intermediate Backtested Returns
At this stage we consider Baird Mutual Fund to be very steady. Baird E Intermediate secures Sharpe Ratio (or Efficiency) of 0.0653, which signifies that the fund had a 0.0653% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Baird E Intermediate, which you can use to evaluate the volatility of the entity. Please confirm Baird E's Mean Deviation of 0.0909, downside deviation of 0.33, and Risk Adjusted Performance of 0.0119 to double-check if the risk estimate we provide is consistent with the expected return of 0.0107%. The fund shows a Beta (market volatility) of -0.0516, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Baird E are expected to decrease at a much lower rate. During the bear market, Baird E is likely to outperform the market.
Auto-correlation | 0.52 |
Modest predictability
Baird E Intermediate has modest predictability. Overlapping area represents the amount of predictability between Baird E time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Intermediate price movement. The serial correlation of 0.52 indicates that about 52.0% of current Baird E price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Baird E Intermediate lagged returns against current returns
Autocorrelation, which is Baird E 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 E's mutual fund expected returns. We can calculate the autocorrelation of Baird E returns to help us make a trade decision. For example, suppose you find that Baird E 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 E 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 E mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baird E 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 E mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Baird E Lagged Returns
When evaluating Baird E's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baird E mutual fund have on its future price. Baird E 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 E autocorrelation shows the relationship between Baird E mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Baird E 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 E 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 E security.
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