Baird Short Term Bond Fund Market Value
| BSBSX Fund | USD 9.48 0.01 0.11% |
| Symbol | Baird |
Baird Short-term '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 Short-term'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 Short-term.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Baird Short-term on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Baird Short Term Bond or generate 0.0% return on investment in Baird Short-term over 720 days. Baird Short-term is related to or competes with Baird Aggregate, Baird Core, Baird Short-term, Baird Ultra, and Baron Emerging. The fund normally invests at least 80 percent of its net assets in the following types of U.S More
Baird Short-term 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 Short-term'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 Short Term Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1427 | |||
| Information Ratio | (1.12) | |||
| Maximum Drawdown | 0.6318 | |||
| Value At Risk | (0.11) | |||
| Potential Upside | 0.2112 |
Baird Short-term Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Baird Short-term's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baird Short-term's standard deviation. In reality, there are many statistical measures that can use Baird Short-term historical prices to predict the future Baird Short-term's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.87) | |||
| Treynor Ratio | (0.53) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Baird Short-term'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 Short Term Backtested Returns
At this stage we consider Baird Mutual Fund to be very steady. Baird Short Term secures Sharpe Ratio (or Efficiency) of 0.0614, which signifies that the fund had a 0.0614% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Baird Short Term Bond, which you can use to evaluate the volatility of the entity. Please confirm Baird Short-term's Risk Adjusted Performance of (0.01), downside deviation of 0.1427, and Mean Deviation of 0.082 to double-check if the risk estimate we provide is consistent with the expected return of 0.0066%. The fund shows a Beta (market volatility) of 0.0067, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Baird Short-term's returns are expected to increase less than the market. However, during the bear market, the loss of holding Baird Short-term is expected to be smaller as well.
Auto-correlation | 0.84 |
Very good predictability
Baird Short Term Bond has very good predictability. Overlapping area represents the amount of predictability between Baird Short-term 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 Short Term price movement. The serial correlation of 0.84 indicates that around 84.0% of current Baird Short-term price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.91 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Baird Short Term lagged returns against current returns
Autocorrelation, which is Baird Short-term 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 Short-term's mutual fund expected returns. We can calculate the autocorrelation of Baird Short-term returns to help us make a trade decision. For example, suppose you find that Baird Short-term 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 Short-term 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 Short-term mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baird Short-term 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 Short-term mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Baird Short-term Lagged Returns
When evaluating Baird Short-term's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baird Short-term mutual fund have on its future price. Baird Short-term 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 Short-term autocorrelation shows the relationship between Baird Short-term mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Baird Short Term 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 Short-term 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 Short-term security.
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