Baird Strategic Municipal Fund Market Value
| BSNIX Fund | USD 10.25 0.02 0.20% |
| Symbol | Baird |
Baird Strategic '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 Strategic'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 Strategic.
| 12/19/2024 |
| 01/18/2025 |
If you would invest 0.00 in Baird Strategic on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Baird Strategic Municipal or generate 0.0% return on investment in Baird Strategic over 30 days. Baird Strategic is related to or competes with Baird Aggregate, Baird Aggregate, Baird Short, Baird Short, Baird Smallmid, Baird Small/mid, and Baird Strategic. The fund normally invests at least 80 percent of its net assets in municipal bonds and debentures, the income from which... More
Baird Strategic 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 Strategic'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 Strategic Municipal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 0.9751 | |||
| Value At Risk | (0.29) | |||
| Potential Upside | 0.1957 |
Baird Strategic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Baird Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baird Strategic's standard deviation. In reality, there are many statistical measures that can use Baird Strategic historical prices to predict the future Baird Strategic's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (0.78) |
Baird Strategic Municipal Backtested Returns
Baird Strategic Municipal secures Sharpe Ratio (or Efficiency) of -0.0077, which signifies that the fund had a -0.0077% return per unit of risk over the last 3 months. Baird Strategic Municipal exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Baird Strategic's Mean Deviation of 0.1195, risk adjusted performance of (0.08), and Standard Deviation of 0.1822 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0241, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Baird Strategic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Baird Strategic is expected to be smaller as well.
Auto-correlation | -0.48 |
Modest reverse predictability
Baird Strategic Municipal has modest reverse predictability. Overlapping area represents the amount of predictability between Baird Strategic time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 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 Strategic Municipal price movement. The serial correlation of -0.48 indicates that about 48.0% of current Baird Strategic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Baird Strategic Municipal lagged returns against current returns
Autocorrelation, which is Baird Strategic 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 Strategic's mutual fund expected returns. We can calculate the autocorrelation of Baird Strategic returns to help us make a trade decision. For example, suppose you find that Baird Strategic 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 Strategic 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 Strategic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baird Strategic 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 Strategic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Baird Strategic Lagged Returns
When evaluating Baird Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baird Strategic mutual fund have on its future price. Baird Strategic 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 Strategic autocorrelation shows the relationship between Baird Strategic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Baird Strategic Municipal.
Regressed Prices |
| Timeline |
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Other Information on Investing in Baird Mutual Fund
Baird Strategic 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 Strategic security.
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data |