Baird Municipal Bond Fund Market Value
| BMQIX Fund | USD 9.84 0.04 0.40% |
| Symbol | Baird |
Baird Municipal '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 Municipal'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 Municipal.
| 12/27/2024 |
| 03/27/2025 |
If you would invest 0.00 in Baird Municipal on December 27, 2024 and sell it all today you would earn a total of 0.00 from holding Baird Municipal Bond or generate 0.0% return on investment in Baird Municipal over 90 days. Baird Municipal is related to or competes with Doubleline Core, Old Westbury, Sprucegrove International, Aqr Long-short, Pace International, and T Rowe. The investment seeks a high level of current income that is exempt from federal income tax and is consistent with the pr... More
Baird Municipal 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 Municipal'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 Municipal Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2544 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 0.9101 | |||
| Value At Risk | (0.40) | |||
| Potential Upside | 0.3027 |
Baird Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Baird Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baird Municipal's standard deviation. In reality, there are many statistical measures that can use Baird Municipal historical prices to predict the future Baird Municipal's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (5.09) |
Baird Municipal Bond Backtested Returns
At this stage we consider Baird Mutual Fund to be very steady. Baird Municipal Bond secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the fund had a close to zero % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Baird Municipal Bond, which you can use to evaluate the volatility of the entity. Please confirm Baird Municipal's Downside Deviation of 0.2544, risk adjusted performance of (0.02), and Mean Deviation of 0.1511 to double-check if the risk estimate we provide is consistent with the expected return of 0.0019%. The fund shows a Beta (market volatility) of 0.0016, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Baird Municipal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Baird Municipal is expected to be smaller as well.
Auto-correlation | -0.58 |
Good reverse predictability
Baird Municipal Bond has good reverse predictability. Overlapping area represents the amount of predictability between Baird Municipal time series from 27th of December 2024 to 10th of February 2025 and 10th of February 2025 to 27th of March 2025. 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 Municipal Bond price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Baird Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Baird Municipal Bond lagged returns against current returns
Autocorrelation, which is Baird Municipal 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 Municipal's mutual fund expected returns. We can calculate the autocorrelation of Baird Municipal returns to help us make a trade decision. For example, suppose you find that Baird Municipal 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 Municipal 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 Municipal mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baird Municipal 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 Municipal mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Baird Municipal Lagged Returns
When evaluating Baird Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baird Municipal mutual fund have on its future price. Baird Municipal 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 Municipal autocorrelation shows the relationship between Baird Municipal mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Baird Municipal 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.| ZLAB | Zai Lab | |
| ASLE | AerSale Corp | |
| ATS | AT S Austria |
Other Information on Investing in Baird Mutual Fund
Baird Municipal 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 Municipal security.
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators |