Baird Smallmid Cap Fund Market Value
| BSGSX Fund | USD 17.60 0.33 1.91% |
| Symbol | Baird |
Baird Small/mid '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 Small/mid'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 Small/mid.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Baird Small/mid on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Baird Smallmid Cap or generate 0.0% return on investment in Baird Small/mid over 720 days. Baird Small/mid is related to or competes with T Rowe, T Rowe, T Rowe, and T Rowe. The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in the equ... More
Baird Small/mid 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 Small/mid'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 Smallmid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.06 | |||
| Information Ratio | 0.0733 | |||
| Maximum Drawdown | 5.09 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 1.9 |
Baird Small/mid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Baird Small/mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baird Small/mid's standard deviation. In reality, there are many statistical measures that can use Baird Small/mid historical prices to predict the future Baird Small/mid's volatility.| Risk Adjusted Performance | 0.1382 | |||
| Jensen Alpha | 0.0589 | |||
| Total Risk Alpha | 0.0395 | |||
| Sortino Ratio | 0.0723 | |||
| Treynor Ratio | 0.1494 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Baird Small/mid'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 Smallmid Cap Backtested Returns
At this stage we consider Baird Mutual Fund to be very steady. Baird Smallmid Cap secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the fund had a 0.18% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Baird Smallmid Cap, which you can use to evaluate the volatility of the entity. Please confirm Baird Small/mid's Downside Deviation of 1.06, mean deviation of 0.7941, and Risk Adjusted Performance of 0.1382 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. The fund shows a Beta (market volatility) of 1.18, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Baird Small/mid will likely underperform.
Auto-correlation | -0.48 |
Modest reverse predictability
Baird Smallmid Cap has modest reverse predictability. Overlapping area represents the amount of predictability between Baird Small/mid time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Smallmid Cap price movement. The serial correlation of -0.48 indicates that about 48.0% of current Baird Small/mid price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
Baird Smallmid Cap lagged returns against current returns
Autocorrelation, which is Baird Small/mid 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 Small/mid's mutual fund expected returns. We can calculate the autocorrelation of Baird Small/mid returns to help us make a trade decision. For example, suppose you find that Baird Small/mid 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 Small/mid 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 Small/mid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baird Small/mid 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 Small/mid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Baird Small/mid Lagged Returns
When evaluating Baird Small/mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baird Small/mid mutual fund have on its future price. Baird Small/mid 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 Small/mid autocorrelation shows the relationship between Baird Small/mid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Baird Smallmid Cap.
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 Small/mid 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 Small/mid security.
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