Baird Smallcap Value Fund Market Value
| BSVSX Fund | USD 16.87 0.27 1.63% |
| Symbol | Baird |
Baird Smallcap '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 Smallcap'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 Smallcap.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Baird Smallcap on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Baird Smallcap Value or generate 0.0% return on investment in Baird Smallcap over 720 days. Baird Smallcap is related to or competes with Baird Intermediate, Baird Intermediate, Baird Aggregate, Baird Aggregate, Baird Short-term, Baird Short-term, and Baird Small/mid. The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity ... More
Baird Smallcap 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 Smallcap'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 Smallcap Value upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.08 | |||
| Information Ratio | 0.1567 | |||
| Maximum Drawdown | 7.18 | |||
| Value At Risk | (1.66) | |||
| Potential Upside | 1.99 |
Baird Smallcap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Baird Smallcap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baird Smallcap's standard deviation. In reality, there are many statistical measures that can use Baird Smallcap historical prices to predict the future Baird Smallcap's volatility.| Risk Adjusted Performance | 0.2046 | |||
| Jensen Alpha | 0.1443 | |||
| Total Risk Alpha | 0.1198 | |||
| Sortino Ratio | 0.1803 | |||
| Treynor Ratio | 0.2226 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Baird Smallcap'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 Smallcap Value Backtested Returns
Baird Smallcap appears to be very steady, given 3 months investment horizon. Baird Smallcap Value secures Sharpe Ratio (or Efficiency) of 0.24, which signifies that the fund had a 0.24% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Baird Smallcap Value, which you can use to evaluate the volatility of the entity. Please makes use of Baird Smallcap's Mean Deviation of 0.9013, downside deviation of 1.08, and Risk Adjusted Performance of 0.2046 to double-check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 1.42, 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 Smallcap will likely underperform.
Auto-correlation | -0.39 |
Poor reverse predictability
Baird Smallcap Value has poor reverse predictability. Overlapping area represents the amount of predictability between Baird Smallcap 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 Smallcap Value price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Baird Smallcap price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.8 |
Baird Smallcap Value lagged returns against current returns
Autocorrelation, which is Baird Smallcap 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 Smallcap's mutual fund expected returns. We can calculate the autocorrelation of Baird Smallcap returns to help us make a trade decision. For example, suppose you find that Baird Smallcap 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 Smallcap 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 Smallcap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baird Smallcap 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 Smallcap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Baird Smallcap Lagged Returns
When evaluating Baird Smallcap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baird Smallcap mutual fund have on its future price. Baird Smallcap 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 Smallcap autocorrelation shows the relationship between Baird Smallcap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Baird Smallcap Value.
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 Smallcap 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 Smallcap security.
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm |