Baird Municipal Bond Fund Market Value
| BMQSX Fund | USD 10.05 0.02 0.20% |
| Symbol | Baird |
Baird Municipal '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 Municipal'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 Municipal.
| 03/05/2024 |
| 11/30/2024 |
If you would invest 0.00 in Baird Municipal on March 5, 2024 and sell it all today you would earn a total of 0.00 from holding Baird Municipal Bond or generate 0.0% return on investment in Baird Municipal over 270 days. Baird Municipal is related to or competes with Ab Bond, Guidepath(r) Managed, Arrow Managed, Ab Bond, and Western Asset. The fund normally invests at least 80 percent of its net assets in municipal bonds and debentures, the income from which... More
Baird Municipal 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 Municipal'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 Municipal Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3717 | |||
| Information Ratio | (0.57) | |||
| Maximum Drawdown | 1.21 | |||
| Value At Risk | (0.30) | |||
| Potential Upside | 0.3021 |
Baird Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Baird Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baird Municipal's standard deviation. In reality, there are many statistical measures that can use Baird Municipal historical prices to predict the future Baird Municipal's volatility.| Risk Adjusted Performance | 0.0236 | |||
| Jensen Alpha | 0.0141 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.33) | |||
| Treynor Ratio | (0.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Baird Municipal'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 Municipal Bond Backtested Returns
At this stage we consider Baird Mutual Fund to be very steady. Baird Municipal Bond secures Sharpe Ratio (or Efficiency) of 0.0578, which signifies that the fund had a 0.0578% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Baird Municipal Bond, which you can use to evaluate the volatility of the entity. Please confirm Baird Municipal's Mean Deviation of 0.1289, risk adjusted performance of 0.0236, and Downside Deviation of 0.3717 to double-check if the risk estimate we provide is consistent with the expected return of 0.0127%. The fund shows a Beta (market volatility) of -0.0799, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Baird Municipal are expected to decrease at a much lower rate. During the bear market, Baird Municipal is likely to outperform the market.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Baird Municipal Bond has insignificant reverse predictability. Overlapping area represents the amount of predictability between Baird Municipal time series from 5th of March 2024 to 18th of July 2024 and 18th of July 2024 to 30th 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 Municipal Bond price movement. The serial correlation of -0.2 indicates that over 20.0% of current Baird Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Baird Municipal Bond lagged returns against current returns
Autocorrelation, which is Baird Municipal 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 Municipal's mutual fund expected returns. We can calculate the autocorrelation of Baird Municipal returns to help us make a trade decision. For example, suppose you find that Baird Municipal 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 Municipal 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 Municipal mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baird Municipal 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 Municipal mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Baird Municipal Lagged Returns
When evaluating Baird Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baird Municipal mutual fund have on its future price. Baird Municipal 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 Municipal autocorrelation shows the relationship between Baird Municipal mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Baird Municipal Bond.
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 Municipal 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 Municipal security.
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