Baird Ultra Short Fund Market Value
| BUBSX Fund | USD 10.18 0.01 0.1% |
| Symbol | Baird |
Baird Ultra '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 Ultra'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 Ultra.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Baird Ultra on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Baird Ultra Short or generate 0.0% return on investment in Baird Ultra over 30 days. Baird Ultra is related to or competes with Baird Short, Frost Low, American Funds, Baird Aggregate, and Baird Ultra. The fund normally invests at least 80 percent of its net assets in bonds, including the following types of U.S More
Baird Ultra 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 Ultra'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 Ultra Short upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (2.14) | |||
| Maximum Drawdown | 0.0994 | |||
| Potential Upside | 0.0991 |
Baird Ultra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Baird Ultra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baird Ultra's standard deviation. In reality, there are many statistical measures that can use Baird Ultra historical prices to predict the future Baird Ultra's volatility.| Risk Adjusted Performance | 0.1605 | |||
| Jensen Alpha | 0.0076 | |||
| Total Risk Alpha | 0.0032 | |||
| Treynor Ratio | 1.85 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Baird Ultra'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 Ultra Short Backtested Returns
At this stage we consider Baird Mutual Fund to be very steady. Baird Ultra Short secures Sharpe Ratio (or Efficiency) of 0.45, which signifies that the fund had a 0.45% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Baird Ultra Short, which you can use to evaluate the volatility of the entity. Please confirm Baird Ultra's Mean Deviation of 0.0294, standard deviation of 0.0384, and Risk Adjusted Performance of 0.1605 to double-check if the risk estimate we provide is consistent with the expected return of 0.0167%. The fund shows a Beta (market volatility) of 0.0043, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Baird Ultra's returns are expected to increase less than the market. However, during the bear market, the loss of holding Baird Ultra is expected to be smaller as well.
Auto-correlation | 0.86 |
Very good predictability
Baird Ultra Short has very good predictability. Overlapping area represents the amount of predictability between Baird Ultra time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Ultra Short price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Baird Ultra price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Baird Ultra Short lagged returns against current returns
Autocorrelation, which is Baird Ultra 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 Ultra's mutual fund expected returns. We can calculate the autocorrelation of Baird Ultra returns to help us make a trade decision. For example, suppose you find that Baird Ultra 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 Ultra 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 Ultra mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baird Ultra 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 Ultra mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Baird Ultra Lagged Returns
When evaluating Baird Ultra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baird Ultra mutual fund have on its future price. Baird Ultra 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 Ultra autocorrelation shows the relationship between Baird Ultra mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Baird Ultra Short.
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 Ultra 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 Ultra security.
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