Schwab E Equity Fund Market Value
| SWANX Fund | USD 21.28 0.17 0.81% |
| Symbol | Schwab |
Schwab Core '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 Core'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 Schwab Core.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Schwab Core on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Schwab E Equity or generate 0.0% return on investment in Schwab Core over 30 days. Schwab Core is related to or competes with Schwab Dividend, Schwab Large-cap, Ssga International, and Schwab Health. To pursue its investment objective, the fund invests primarily in U.S More
Schwab Core 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 Core'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 Schwab E Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7818 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.34 | |||
| Value At Risk | (1.34) | |||
| Potential Upside | 1.28 |
Schwab Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Schwab Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Schwab Core's standard deviation. In reality, there are many statistical measures that can use Schwab Core historical prices to predict the future Schwab Core's volatility.| Risk Adjusted Performance | 0.0636 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0702 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Schwab Core'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 E Equity Backtested Returns
We consider Schwab Core very steady. Schwab E Equity owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0662, which indicates the fund had a 0.0662% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Schwab E Equity, which you can use to evaluate the volatility of the fund. Please validate Schwab Core's Risk Adjusted Performance of 0.0636, coefficient of variation of 998.06, and Semi Deviation of 0.6884 to confirm if the risk estimate we provide is consistent with the expected return of 0.0506%. The entity has a beta of 0.94, which indicates possible diversification benefits within a given portfolio. Schwab Core returns are very sensitive to returns on the market. As the market goes up or down, Schwab Core is expected to follow.
Auto-correlation | 0.37 |
Below average predictability
Schwab E Equity has below average predictability. Overlapping area represents the amount of predictability between Schwab Core time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 E Equity price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Schwab Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Schwab E Equity lagged returns against current returns
Autocorrelation, which is Schwab Core 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 Schwab Core's mutual fund expected returns. We can calculate the autocorrelation of Schwab Core returns to help us make a trade decision. For example, suppose you find that Schwab Core 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 |
Schwab Core 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 Core mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Schwab Core mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Schwab Core mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Schwab Core Lagged Returns
When evaluating Schwab Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Schwab Core mutual fund have on its future price. Schwab Core 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 Core autocorrelation shows the relationship between Schwab Core mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Schwab E Equity.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Schwab Core Correlation, Schwab Core Volatility and Schwab Core Alpha and Beta module to complement your research on Schwab Core. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Schwab Core technical mutual fund 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, fund market cycles, or different charting patterns.