Baird Midcap Fund Market Value
| BMDSX Fund | USD 23.82 0.03 0.13% |
| Symbol | Baird |
Baird Midcap '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 Midcap'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 Midcap.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Baird Midcap on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Baird Midcap Fund or generate 0.0% return on investment in Baird Midcap over 360 days. Baird Midcap is related to or competes with Oil Gas, Energy Basic, Hennessy, Jennison Natural, Goehring Rozencwajg, World Energy, and Invesco Energy. The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in the equ... More
Baird Midcap 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 Midcap'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 Midcap Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9617 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 4.18 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.48 |
Baird Midcap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Baird Midcap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baird Midcap's standard deviation. In reality, there are many statistical measures that can use Baird Midcap historical prices to predict the future Baird Midcap's volatility.| Risk Adjusted Performance | 0.107 | |||
| Jensen Alpha | 0.0034 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.1179 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Baird Midcap'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 Midcap Backtested Returns
At this stage we consider Baird Mutual Fund to be very steady. Baird Midcap 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. We have found twenty-seven technical indicators for Baird Midcap Fund, which you can use to evaluate the volatility of the entity. Please confirm Baird Midcap's Mean Deviation of 0.6697, risk adjusted performance of 0.107, and Downside Deviation of 0.9617 to double-check if the risk estimate we provide is consistent with the expected return of 0.16%. The fund shows a Beta (market volatility) of 0.95, which signifies possible diversification benefits within a given portfolio. Baird Midcap returns are very sensitive to returns on the market. As the market goes up or down, Baird Midcap is expected to follow.
Auto-correlation | -0.28 |
Weak reverse predictability
Baird Midcap Fund has weak reverse predictability. Overlapping area represents the amount of predictability between Baird Midcap time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Midcap price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Baird Midcap price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.5 |
Baird Midcap lagged returns against current returns
Autocorrelation, which is Baird Midcap 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 Midcap's mutual fund expected returns. We can calculate the autocorrelation of Baird Midcap returns to help us make a trade decision. For example, suppose you find that Baird Midcap 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 Midcap 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 Midcap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baird Midcap 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 Midcap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Baird Midcap Lagged Returns
When evaluating Baird Midcap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baird Midcap mutual fund have on its future price. Baird Midcap 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 Midcap autocorrelation shows the relationship between Baird Midcap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Baird Midcap Fund.
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 Midcap 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 Midcap security.
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