Baird Smallcap Correlations

Mutual Funds . USA . 
Fund . Baird Smallcap Value
BSVSX Fund  USD 16.62  0.13  0.79%   
The current 90-days correlation between Baird Smallcap Value and Artisan High Income is -0.13 (i.e., Good diversification). The correlation of Baird Smallcap 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Baird Smallcap Correlation With Market

Very poor diversification

The correlation between Baird Smallcap Value and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baird Smallcap Value and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Baird Smallcap Value. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Baird Mutual Fund

  0.65BAGIX Baird Aggregate BondPairCorr
  0.63BAGSX Baird Aggregate BondPairCorr
  0.83BSBIX Baird Short TermPairCorr
  0.85BSBSX Baird Short TermPairCorr
  0.87BSGSX Baird Smallmid CapPairCorr
  0.87BSGIX Baird Smallmid CapPairCorr
  0.91BSNSX Baird Strategic MunicipalPairCorr
  0.91BSNIX Baird Strategic MunicipalPairCorr
  0.98BSVIX Baird Smallcap ValuePairCorr
  0.94BTMSX Baird Short TermPairCorr
  0.95BTMIX Baird Short TermPairCorr
  0.93BUBIX Baird Ultra ShortPairCorr
  0.68BCOSX Baird E PlusPairCorr
  0.69BCOIX Baird E PlusPairCorr
  0.92BUBSX Baird Ultra ShortPairCorr
  0.71BIMSX Baird Intermediate BondPairCorr
  0.73BIMIX Baird Intermediate BondPairCorr
  0.91BMBSX Baird Quality IntermPairCorr
  0.91BMBIX Baird Quality IntermPairCorr
  0.95BMDSX Baird MidcapPairCorr
  0.95BMDIX Baird MidcapPairCorr
  0.89BMNSX Baird E IntermediatePairCorr
  0.89BMNIX Baird E IntermediatePairCorr
  0.7BMQSX Baird Municipal BondPairCorr
  0.71BMQIX Baird Municipal BondPairCorr
  0.92CCGIX Chautauqua Global GrowthPairCorr
  0.91CCGSX Chautauqua Global GrowthPairCorr
  0.87CCWIX Chautauqua InternationalPairCorr
  0.87CCWSX Chautauqua InternationalPairCorr
  0.96VSGAX Vanguard Small CapPairCorr
  0.99VSGIX Vanguard Small CapPairCorr
  0.99VISGX Vanguard Small CapPairCorr
  0.98VEXPX Vanguard ExplorerPairCorr
  0.98VEXRX Vanguard ExplorerPairCorr
  0.98JGMIX Janus TritonPairCorr
  0.98JGMRX Janus TritonPairCorr
  0.96JGMAX Janus TritonPairCorr
  0.98JGMCX Janus TritonPairCorr
  0.96JGMNX Janus TritonPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Baird Mutual Fund performing well and Baird Smallcap Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Baird Smallcap's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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