Baird Short Term Municipal Fund Market Value

BTMIX Fund  USD 10.02  0.03  0.30%   
Baird Short-term's market value is the price at which a share of Baird Short-term trades on a public exchange. It measures the collective expectations of Baird Short Term Municipal investors about its performance. Baird Short-term is trading at 10.02 as of the 27th of November 2024; that is 0.3 percent down since the beginning of the trading day. The fund's open price was 10.05.
With this module, you can estimate the performance of a buy and hold strategy of Baird Short Term Municipal and determine expected loss or profit from investing in Baird Short-term over a given investment horizon. Check out Baird Short-term Correlation, Baird Short-term Volatility and Baird Short-term Alpha and Beta module to complement your research on Baird Short-term.
Symbol

Please note, there is a significant difference between Baird Short-term's value and its price as these two are different measures arrived at by different means. Investors typically determine if Baird Short-term is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Baird Short-term's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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.
0.00
10/28/2024
No Change 0.00  0.0 
In 31 days
11/27/2024
0.00
If you would invest  0.00  in Baird Short-term on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Baird Short Term Municipal or generate 0.0% return on investment in Baird Short-term over 30 days. Baird Short-term is related to or competes with Metropolitan West, Lgm Risk, Victory High, Ab High, Morningstar Aggressive, and Vanguard High-yield. The fund normally invests at least 80 percent of its net assets in municipal bonds and debentures, the income from which... 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 Municipal upside and downside potential and time the market with a certain degree of confidence.

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.
Hype
Prediction
LowEstimatedHigh
9.9510.0510.15
Details
Intrinsic
Valuation
LowRealHigh
9.149.2411.06
Details
Naive
Forecast
LowNextHigh
9.9510.0510.14
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
9.9810.0210.06
Details

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 0.0461, which signifies that the fund had a 0.0461% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Baird Short Term Municipal, which you can use to evaluate the volatility of the entity. Please confirm Baird Short-term's Mean Deviation of 0.0528, coefficient of variation of 1029.69, and Risk Adjusted Performance of 0.0028 to double-check if the risk estimate we provide is consistent with the expected return of 0.0047%. The fund shows a Beta (market volatility) of -0.0292, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Baird Short-term are expected to decrease at a much lower rate. During the bear market, Baird Short-term is likely to outperform the market.

Auto-correlation

    
  0.28  

Poor predictability

Baird Short Term Municipal has poor predictability. Overlapping area represents the amount of predictability between Baird Short-term 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 Short Term price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Baird Short-term price fluctuation can be explain by its past prices.
Correlation Coefficient0.28
Spearman Rank Test0.76
Residual Average0.0
Price Variance0.0

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 Municipal.
   Regressed Prices   
       Timeline  

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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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