Schwab Broad Market Etf Market Value
| SCHB Etf | USD 58.60 0.23 0.39% |
| Symbol | Schwab |
The market value of Schwab Broad Market is measured differently than its book value, which is the value of Schwab that is recorded on the company's balance sheet. Investors also form their own opinion of Schwab Broad's value that differs from its market value or its book value, called intrinsic value, which is Schwab Broad's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Schwab Broad's market value can be influenced by many factors that don't directly affect Schwab Broad's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Schwab Broad's value and its price as these two are different measures arrived at by different means. Investors typically determine if Schwab Broad is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Schwab Broad's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Schwab Broad '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 Schwab Broad's etf 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 Schwab Broad.
| 03/27/2024 |
| 04/26/2024 |
If you would invest 0.00 in Schwab Broad on March 27, 2024 and sell it all today you would earn a total of 0.00 from holding Schwab Broad Market or generate 0.0% return on investment in Schwab Broad over 30 days. Schwab Broad is related to or competes with Vanguard Mid, Vanguard Small, Vanguard Extended, Vanguard Small, and Vanguard Mid. To pursue its goal, the fund generally invests in stocks that are included in the index More
Schwab Broad 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 Schwab Broad's etf 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 Schwab Broad Market upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7428 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 3.52 | |||
| Value At Risk | (1.23) | |||
| Potential Upside | 1.06 |
Schwab Broad Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Schwab Broad's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Schwab Broad's standard deviation. In reality, there are many statistical measures that can use Schwab Broad historical prices to predict the future Schwab Broad's volatility.| Risk Adjusted Performance | 0.053 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0492 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Schwab Broad'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.
Schwab Broad Market Backtested Returns
We consider Schwab Broad very steady. Schwab Broad Market owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0577, which indicates the etf had a 0.0577% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Schwab Broad Market, which you can use to evaluate the volatility of the etf. Please validate Schwab Broad's Semi Deviation of 0.6508, coefficient of variation of 1216.21, and Risk Adjusted Performance of 0.053 to confirm if the risk estimate we provide is consistent with the expected return of 0.0437%. The entity has a beta of 1.05, which indicates a somewhat significant risk relative to the market. Schwab Broad returns are very sensitive to returns on the market. As the market goes up or down, Schwab Broad is expected to follow.
Auto-correlation | 0.57 |
Modest predictability
Schwab Broad Market has modest predictability. Overlapping area represents the amount of predictability between Schwab Broad time series from 27th of March 2024 to 11th of April 2024 and 11th of April 2024 to 26th 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 Schwab Broad Market price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Schwab Broad price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.49 |
Schwab Broad Market lagged returns against current returns
Autocorrelation, which is Schwab Broad etf'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 Schwab Broad's etf expected returns. We can calculate the autocorrelation of Schwab Broad returns to help us make a trade decision. For example, suppose you find that Schwab Broad has exhibited high autocorrelation historically, and you observe that the etf 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 |
Schwab Broad 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 Schwab Broad etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Schwab Broad etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Schwab Broad etf over time.
Current vs Lagged Prices |
| Timeline |
Schwab Broad Lagged Returns
When evaluating Schwab Broad's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Schwab Broad etf have on its future price. Schwab Broad 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, Schwab Broad autocorrelation shows the relationship between Schwab Broad etf current value and its past values and can show if there is a momentum factor associated with investing in Schwab Broad Market.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Schwab Broad Market offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Schwab Broad's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Schwab Broad Market Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Schwab Broad Market Etf:Check out Schwab Broad Correlation, Schwab Broad Volatility and Schwab Broad Alpha and Beta module to complement your research on Schwab Broad. Note that the Schwab Broad Market information on this page should be used as a complementary analysis to other Schwab Broad's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Schwab Broad technical etf 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, etf market cycles, or different charting patterns.