Baird Smallmid Cap Fund Market Value
| BSGSX Fund | USD 15.24 0.41 2.76% |
| Symbol | Baird |
Baird Smallmid '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 Smallmid'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 Smallmid.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Baird Smallmid on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Baird Smallmid Cap or generate 0.0% return on investment in Baird Smallmid over 90 days. Baird Smallmid is related to or competes with Alpine Ultra, Ultra-short Fixed, Rbc Short, Cmg Ultra, Fidelity Flex, Leader Short-term, and Barings Active. The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in the equ... More
Baird Smallmid 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 Smallmid'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 Smallmid Cap upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 5.14 | |||
| Value At Risk | (2.64) | |||
| Potential Upside | 1.31 |
Baird Smallmid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Baird Smallmid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baird Smallmid's standard deviation. In reality, there are many statistical measures that can use Baird Smallmid historical prices to predict the future Baird Smallmid's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.10) | |||
| Treynor Ratio | (0.28) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Baird Smallmid'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 Smallmid Cap Backtested Returns
Baird Smallmid Cap secures Sharpe Ratio (or Efficiency) of -0.19, which signifies that the fund had a -0.19 % return per unit of risk over the last 3 months. Baird Smallmid Cap exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Baird Smallmid's Risk Adjusted Performance of (0.17), standard deviation of 1.22, and Mean Deviation of 0.9486 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.9, which signifies possible diversification benefits within a given portfolio. Baird Smallmid returns are very sensitive to returns on the market. As the market goes up or down, Baird Smallmid is expected to follow.
Auto-correlation | -0.68 |
Very good reverse predictability
Baird Smallmid Cap has very good reverse predictability. Overlapping area represents the amount of predictability between Baird Smallmid time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Smallmid Cap price movement. The serial correlation of -0.68 indicates that around 68.0% of current Baird Smallmid price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.83 |
Baird Smallmid Cap lagged returns against current returns
Autocorrelation, which is Baird Smallmid 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 Smallmid's mutual fund expected returns. We can calculate the autocorrelation of Baird Smallmid returns to help us make a trade decision. For example, suppose you find that Baird Smallmid 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 Smallmid 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 Smallmid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baird Smallmid 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 Smallmid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Baird Smallmid Lagged Returns
When evaluating Baird Smallmid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baird Smallmid mutual fund have on its future price. Baird Smallmid 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 Smallmid autocorrelation shows the relationship between Baird Smallmid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Baird Smallmid Cap.
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 Smallmid 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 Smallmid security.
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