Baird Intermediate Correlations

Mutual Funds . USA . 
Fund . Baird Intermediate Bond
BIMSX Fund  USD 11.17  0.02  0.18%   
The current 90-days correlation between Baird Intermediate Bond and Metropolitan West Total is 0.91 (i.e., Almost no diversification). 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 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 Intermediate Correlation With Market

Significant diversification

The correlation between Baird Intermediate Bond and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baird Intermediate Bond 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 Intermediate Bond. 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 main economic indicators.

Moving together with Baird Mutual Fund

  0.99BAGIX Baird Aggregate BondPairCorr
  0.99BAGSX Baird Aggregate BondPairCorr
  0.99BSBIX Baird Short TermPairCorr
  0.99BSBSX Baird Short TermPairCorr
  0.96BSNSX Baird Strategic MunicipalPairCorr
  0.96BSNIX Baird Strategic MunicipalPairCorr
  0.96BTMSX Baird Short TermPairCorr
  0.95BTMIX Baird Short TermPairCorr
  0.95BUBIX Baird Ultra ShortPairCorr
  0.99BCOSX Baird E PlusPairCorr
  0.99BCOIX Baird E PlusPairCorr
  0.96BUBSX Baird Ultra ShortPairCorr
  1.0BIMIX Baird Intermediate BondPairCorr
  0.96BMBSX Baird Quality IntermPairCorr
  0.96BMBIX Baird Quality IntermPairCorr
  0.95BMNSX Baird E IntermediatePairCorr
  0.95BMNIX Baird E IntermediatePairCorr
  0.88BMQSX Baird Municipal BondPairCorr
  0.87BMQIX Baird Municipal BondPairCorr
  0.76CCGIX Chautauqua Global GrowthPairCorr
  0.75CCGSX Chautauqua Global GrowthPairCorr
  0.98VBTLX Vanguard Total BondPairCorr
  0.98VBMFX Vanguard Total BondPairCorr
  0.98VBTIX Vanguard Total BondPairCorr
  0.98VTBSX Vanguard Total BondPairCorr
  0.98VTBIX Vanguard Total BondPairCorr
  0.98VTBNX Vanguard Total BondPairCorr
  0.98FBOFX American FundsPairCorr
  0.98FFBOX American FundsPairCorr
  0.97BFAFX Bond FundPairCorr
  0.97ABNDX Bond FundPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Baird Mutual Fund performing well and Baird Intermediate 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 Intermediate'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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