Baird Smallcap Correlations

Mutual Funds . USA . 
Fund . Baird Smallcap Value
BSVSX Fund  USD 15.27  0.38  2.55%   
The current 90-days correlation between Baird Smallcap Value and Blackrock Diversified Fixed is -0.13 (i.e., Good diversification). The correlation of Baird Smallcap 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 Smallcap Correlation With Market

Good diversification

The correlation between Baird Smallcap Value and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baird Smallcap Value 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 Smallcap Value. 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 state.

Moving together with Baird Mutual Fund

  0.85BSGSX Baird Smallmid CapPairCorr
  0.98BSGIX Baird Smallmid CapPairCorr
  0.95BSVIX Baird Smallcap ValuePairCorr
  0.98BMDSX Baird MidcapPairCorr
  0.98BMDIX Baird MidcapPairCorr
  0.99VSGAX Vanguard Small CapPairCorr
  0.99VSGIX Vanguard Small CapPairCorr
  0.99VISGX Vanguard Small CapPairCorr
  0.96VEXPX Vanguard ExplorerPairCorr
  0.96VEXRX Vanguard ExplorerPairCorr
  0.98JGMIX Janus TritonPairCorr
  0.98JGMRX Janus TritonPairCorr
  0.98JGMAX Janus TritonPairCorr
  0.98JGMCX Janus TritonPairCorr
  0.9JGMNX Janus TritonPairCorr

Moving against Baird Mutual Fund

  0.74BSBSX Baird Short TermPairCorr
  0.73BIMIX Baird Intermediate BondPairCorr
  0.72BUBIX Baird Ultra ShortPairCorr
  0.71BSBIX Baird Short TermPairCorr
  0.71BUBSX Baird Ultra ShortPairCorr
  0.69BAGIX Baird Aggregate BondPairCorr
  0.69BAGSX Baird Aggregate BondPairCorr
  0.68BCOSX Baird E PlusPairCorr
  0.68BCOIX Baird E PlusPairCorr
  0.66BIMSX Baird Intermediate BondPairCorr
  0.61BTMSX Baird Short TermPairCorr
  0.61BTMIX Baird Short TermPairCorr
  0.51BSNIX Baird Strategic MunicipalPairCorr
  0.5BSNSX Baird Strategic MunicipalPairCorr
  0.5BMBIX Baird Quality IntermPairCorr
  0.45BMQSX Baird Municipal BondPairCorr
  0.43BMNIX Baird E IntermediatePairCorr
  0.42BMBSX Baird Quality IntermPairCorr
  0.42BMNSX Baird E IntermediatePairCorr
  0.93UIPIX Ultrashort Mid CapPairCorr
  0.83USPSX Profunds UltrashortPairCorr
  0.83USPIX Profunds UltrashortPairCorr
  0.6PDI Pimco Dynamic Income Sell-off TrendPairCorr
  0.59FTCAX Templeton Strained BondPairCorr
  0.46BMQIX Baird Municipal BondPairCorr
  0.44TSSIX Thornburg StrategicPairCorr
  0.36CCWSX Chautauqua InternationalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Baird Mutual Fund performing well and Baird Smallcap 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 Smallcap'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.

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