Baird Aggregate Bond Fund Market Value
| BAGSX Fund | USD 10.25 0.03 0.29% |
| Symbol | Baird |
Baird Aggregate '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 Aggregate'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 Aggregate.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Baird Aggregate on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Baird Aggregate Bond or generate 0.0% return on investment in Baird Aggregate over 90 days. Baird Aggregate is related to or competes with Pear Tree, Tcw E, Pax High, Wasatch E, and Baird Aggregate. The fund normally invests at least 80 percent of its net assets in the following types of U.S More
Baird Aggregate 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 Aggregate'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 Aggregate Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.53) | |||
| Maximum Drawdown | 1.28 | |||
| Value At Risk | (0.58) | |||
| Potential Upside | 0.391 |
Baird Aggregate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Baird Aggregate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baird Aggregate's standard deviation. In reality, there are many statistical measures that can use Baird Aggregate historical prices to predict the future Baird Aggregate's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | 2.62 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Baird Aggregate'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 Aggregate Bond Backtested Returns
Baird Aggregate Bond secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the fund had a -0.11% return per unit of risk over the last 3 months. Baird Aggregate Bond exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Baird Aggregate's Standard Deviation of 0.3007, risk adjusted performance of (0.1), and Mean Deviation of 0.2229 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.017, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Baird Aggregate are expected to decrease at a much lower rate. During the bear market, Baird Aggregate is likely to outperform the market.
Auto-correlation | -0.67 |
Very good reverse predictability
Baird Aggregate Bond has very good reverse predictability. Overlapping area represents the amount of predictability between Baird Aggregate time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th of December 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 Aggregate Bond price movement. The serial correlation of -0.67 indicates that around 67.0% of current Baird Aggregate price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Baird Aggregate Bond lagged returns against current returns
Autocorrelation, which is Baird Aggregate 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 Aggregate's mutual fund expected returns. We can calculate the autocorrelation of Baird Aggregate returns to help us make a trade decision. For example, suppose you find that Baird Aggregate 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 Aggregate 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 Aggregate mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baird Aggregate 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 Aggregate mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Baird Aggregate Lagged Returns
When evaluating Baird Aggregate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baird Aggregate mutual fund have on its future price. Baird Aggregate 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 Aggregate autocorrelation shows the relationship between Baird Aggregate mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Baird Aggregate Bond.
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 Aggregate 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 Aggregate security.
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