Schwab California Correlations
| SCAXX Fund | 1.00 0.00 0.00% |
The correlation of Schwab California 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.
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Risk-Adjusted Indicators
There is a big difference between Schwab Money Market Fund performing well and Schwab California Money Market 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 Schwab California'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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VTSAX | 0.64 | 0.04 | (0.02) | 0.19 | 0.87 | 1.30 | 5.93 | |||
| VFIAX | 0.61 | 0.03 | (0.03) | 0.18 | 0.85 | 1.23 | 5.48 | |||
| VTSMX | 0.64 | 0.04 | (0.02) | 0.19 | 0.87 | 1.29 | 5.95 | |||
| VITSX | 0.64 | 0.04 | (0.02) | 0.19 | 0.87 | 1.30 | 5.95 | |||
| VSTSX | 0.64 | 0.04 | (0.02) | 0.19 | 0.87 | 1.29 | 5.94 | |||
| VSMPX | 0.64 | 0.04 | (0.02) | 0.19 | 0.87 | 1.29 | 5.94 | |||
| VFINX | 0.61 | 0.03 | (0.03) | 0.18 | 0.85 | 1.23 | 5.48 | |||
| VFFSX | 0.61 | 0.03 | (0.02) | 0.18 | 0.85 | 1.23 | 5.47 | |||
| VGTSX | 0.53 | (0.04) | (0.13) | (0.03) | 0.74 | 1.13 | 3.44 | |||
| VTIAX | 0.53 | (0.04) | (0.13) | (0.03) | 0.75 | 1.12 | 3.47 |