BAIRD AGGREGATE Downside Variance
| BAGIX Fund | | | USD 9.89 -0.03 -0.30% |
Technical inputs supporting the Downside Variance indicator for Baird Aggregate Bond are shown here. Values are derived from historical price and volume observations.
Trending Equities provides a view into diversified allocation design. Understanding allocation structure supports portfolio context. Diversification context is built from the relationships between portfolio holdings. This suggests a position in Baird Aggregate Bond. This appears in the portfolio view. Position weights are derived from the portfolio construction methodology. 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 gross domestic product.
Baird Aggregate Bond has current Downside Variance of 0.0474. Downside Variance (or DV) is measured by target semi-variance and is termed downside volatility. It is expressed in percentages and therefore allows for rankings in the same way as variance. One way to view downside volatility is the annualized variance of returns below the target.
Downside Variance | = | SUM(RET DEV)2N(ER) |
| = | 0.0474 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N(ER) | = | Number of points with returns less than expected return for the period |
Downside Variance Peers Comparison
Downside Variance Relative To Other Indicators
Baird Aggregate Bond is rated
below average in downside variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
17.04 of Maximum Drawdown per Downside Variance. At
17.04 , Baird Aggregate Bond's Maximum Drawdown-to-Downside Variance multiple reflects the spread between these metrics
Downside Variance is the probability-weighted squared below-target returns. The squaring of the below-target returns has the effect of penalizing failures at an exponential rate. This is consistent with observations made on the behavior of individual decision-making under.
Compare BAIRD AGGREGATE to Peers
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