Baird Small/mid Correlations

Mutual Funds . USA . 
Fund . Baird Smallmid Cap
BSGIX Fund  USD 15.69  0.01  0.06%   
The current 90-days correlation between Baird Smallmid Cap and Putnam Convertible Securities is -0.09 (i.e., Good diversification). The correlation of Baird Small/mid is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Baird Small/mid Correlation With Market

Good diversification

The correlation between Baird Smallmid Cap and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baird Smallmid Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Baird Smallmid Cap. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Baird Mutual Fund

  0.97BSGSX Baird Smallmid CapPairCorr
  0.96BSVSX Baird Smallcap ValuePairCorr
  0.98BSVIX Baird Smallcap ValuePairCorr
  1.0BMDSX Baird MidcapPairCorr
  0.72BMDIX Baird MidcapPairCorr
  0.99PAMCX T Rowe PricePairCorr
  0.78RRMGX T Rowe PricePairCorr
  0.99TRQZX T Rowe PricePairCorr
  0.78RPMGX T Rowe PricePairCorr
  0.99PRJIX T Rowe PricePairCorr
  0.77PRNHX T Rowe PricePairCorr
  0.99TRUZX T Rowe PricePairCorr
  0.74PCBIX Midcap Fund InstitutionalPairCorr
  0.74PEMGX Midcap Fund ClassPairCorr
  0.76PMBCX Midcap Fund ClassPairCorr

Moving against Baird Mutual Fund

  0.78BUBIX Baird Ultra ShortPairCorr
  0.77BSBIX Baird Short TermPairCorr
  0.77BSBSX Baird Short TermPairCorr
  0.77BIMSX Baird Intermediate BondPairCorr
  0.76BUBSX Baird Ultra ShortPairCorr
  0.75BAGSX Baird Aggregate BondPairCorr
  0.75BCOSX Baird E PlusPairCorr
  0.73BCOIX Baird E PlusPairCorr
  0.67BTMSX Baird Short TermPairCorr
  0.66BAGIX Baird Aggregate BondPairCorr
  0.65BTMIX Baird Short TermPairCorr
  0.64BIMIX Baird Intermediate BondPairCorr
  0.55BSNIX Baird Strategic MunicipalPairCorr
  0.54BSNSX Baird Strategic MunicipalPairCorr
  0.53BMBIX Baird Quality IntermPairCorr
  0.49BMBSX Baird Quality IntermPairCorr
  0.52BMNSX Baird E IntermediatePairCorr
  0.52BMNIX Baird E IntermediatePairCorr
  0.46BMQIX Baird Municipal BondPairCorr
  0.45BMQSX Baird Municipal BondPairCorr
  0.37CCWIX Chautauqua InternationalPairCorr
  0.37CCWSX Chautauqua InternationalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Baird Mutual Fund performing well and Baird Small/mid Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Baird Small/mid's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY