Baird Intermediate Bond Fund Market Value
BIMIX Fund | USD 10.12 0.01 0.1% |
Symbol | Baird |
Baird Intermediate '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 Intermediate'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 Intermediate.
05/01/2023 |
| 04/25/2024 |
If you would invest 0.00 in Baird Intermediate on May 1, 2023 and sell it all today you would earn a total of 0.00 from holding Baird Intermediate Bond or generate 0.0% return on investment in Baird Intermediate over 360 days. Baird Intermediate is related to or competes with Vanguard Total, Vanguard Total, Vanguard Total, Bond Fund, Bond Fund, and American Funds. The fund normally invests at least 80 percent of its net assets in the following types of U.S More
Baird Intermediate 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 Intermediate'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 Intermediate Bond upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.41) | |||
Maximum Drawdown | 1.18 | |||
Value At Risk | (0.49) | |||
Potential Upside | 0.2947 |
Baird Intermediate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Baird Intermediate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baird Intermediate's standard deviation. In reality, there are many statistical measures that can use Baird Intermediate historical prices to predict the future Baird Intermediate's volatility.Risk Adjusted Performance | (0.03) | |||
Jensen Alpha | (0.03) | |||
Total Risk Alpha | (0.05) | |||
Treynor Ratio | (0.11) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Baird Intermediate'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 Intermediate Bond Backtested Returns
Baird Intermediate Bond secures Sharpe Ratio (or Efficiency) of -0.0483, which signifies that the fund had a -0.0483% return per unit of risk over the last 3 months. Baird Intermediate Bond exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Baird Intermediate's Mean Deviation of 0.1929, risk adjusted performance of (0.03), and Standard Deviation of 0.2526 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Baird Intermediate's returns are expected to increase less than the market. However, during the bear market, the loss of holding Baird Intermediate is expected to be smaller as well.
Auto-correlation | -0.6 |
Good reverse predictability
Baird Intermediate Bond has good reverse predictability. Overlapping area represents the amount of predictability between Baird Intermediate time series from 1st of May 2023 to 28th of October 2023 and 28th of October 2023 to 25th of April 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 Intermediate Bond price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Baird Intermediate price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.6 | |
Spearman Rank Test | -0.46 | |
Residual Average | 0.0 | |
Price Variance | 0.02 |
Baird Intermediate Bond lagged returns against current returns
Autocorrelation, which is Baird Intermediate 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 Intermediate's mutual fund expected returns. We can calculate the autocorrelation of Baird Intermediate returns to help us make a trade decision. For example, suppose you find that Baird Intermediate 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 Intermediate 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 Intermediate mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baird Intermediate 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 Intermediate mutual fund over time.
Current vs Lagged Prices |
Timeline |
Baird Intermediate Lagged Returns
When evaluating Baird Intermediate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baird Intermediate mutual fund have on its future price. Baird Intermediate 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 Intermediate autocorrelation shows the relationship between Baird Intermediate mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Baird Intermediate Bond.
Regressed Prices |
Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Baird Intermediate in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Baird Intermediate's short interest history, or implied volatility extrapolated from Baird Intermediate options trading.
Pair Trading with Baird Intermediate
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Baird Intermediate position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Baird Intermediate will appreciate offsetting losses from the drop in the long position's value.Moving together with Baird Mutual Fund
0.98 | BAGIX | Baird Aggregate Bond | PairCorr |
0.98 | BAGSX | Baird Aggregate Bond | PairCorr |
The ability to find closely correlated positions to Baird Intermediate could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Baird Intermediate when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Baird Intermediate - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Baird Intermediate Bond to buy it.
The correlation of Baird Intermediate is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Baird Intermediate moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Baird Intermediate Bond moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Baird Intermediate can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Baird Intermediate Correlation, Baird Intermediate Volatility and Baird Intermediate Alpha and Beta module to complement your research on Baird Intermediate. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Baird Intermediate technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.