Schwab Intermediate Term Treasury Etf Market Value
| SCHR Etf | USD 24.43 0.01 0.04% |
| Symbol | Schwab |
The market value of Schwab Intermediate 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 Intermediate's value that differs from its market value or its book value, called intrinsic value, which is Schwab Intermediate'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 Intermediate's market value can be influenced by many factors that don't directly affect Schwab Intermediate'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 Intermediate's value and its price as these two are different measures arrived at by different means. Investors typically determine if Schwab Intermediate is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Schwab Intermediate'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 Intermediate '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 Intermediate'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 Intermediate.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Schwab Intermediate on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Schwab Intermediate Term Treasury or generate 0.0% return on investment in Schwab Intermediate over 30 days. Schwab Intermediate is related to or competes with SPDR Barclays, SPDR Barclays, SPDR Portfolio, SPDR Barclays, and SPDR Portfolio. The fund will invest at least 90 percent of its net assets in securities included in the index More
Schwab Intermediate 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 Intermediate'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 Intermediate Term Treasury upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.45) | |||
| Maximum Drawdown | 1.32 | |||
| Value At Risk | (0.37) | |||
| Potential Upside | 0.4418 |
Schwab Intermediate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Schwab Intermediate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Schwab Intermediate's standard deviation. In reality, there are many statistical measures that can use Schwab Intermediate historical prices to predict the future Schwab Intermediate's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | 0.3867 |
Schwab Intermediate Backtested Returns
Schwab Intermediate owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the etf had a -0.11% return per unit of risk over the last 3 months. Schwab Intermediate Term Treasury exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Schwab Intermediate's Variance of 0.07, coefficient of variation of (1,119), and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The entity has a beta of -0.087, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Schwab Intermediate are expected to decrease at a much lower rate. During the bear market, Schwab Intermediate is likely to outperform the market.
Auto-correlation | 0.33 |
Below average predictability
Schwab Intermediate Term Treasury has below average predictability. Overlapping area represents the amount of predictability between Schwab Intermediate time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 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 Intermediate price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Schwab Intermediate price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Schwab Intermediate lagged returns against current returns
Autocorrelation, which is Schwab Intermediate 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 Intermediate's etf expected returns. We can calculate the autocorrelation of Schwab Intermediate returns to help us make a trade decision. For example, suppose you find that Schwab Intermediate 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 Intermediate 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 Intermediate etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Schwab Intermediate etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Schwab Intermediate etf over time.
Current vs Lagged Prices |
| Timeline |
Schwab Intermediate Lagged Returns
When evaluating Schwab Intermediate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Schwab Intermediate etf have on its future price. Schwab Intermediate 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 Intermediate autocorrelation shows the relationship between Schwab Intermediate etf current value and its past values and can show if there is a momentum factor associated with investing in Schwab Intermediate Term Treasury.
Regressed Prices |
| Timeline |
Pair Trading with Schwab Intermediate
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Schwab Intermediate position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Schwab Intermediate will appreciate offsetting losses from the drop in the long position's value.Moving together with Schwab Etf
| 0.99 | GOVT | iShares Treasury Bond Sell-off Trend | PairCorr |
| 0.98 | MBB | iShares MBS ETF | PairCorr |
| 1.0 | IEI | iShares 3 7 Sell-off Trend | PairCorr |
| 1.0 | SPTI | SPDR Portfolio Inter Sell-off Trend | PairCorr |
| 0.98 | SPMB | SPDR Portfolio Mortgage | PairCorr |
Moving against Schwab Etf
| 0.8 | IGV | iShares Expanded Tech | PairCorr |
| 0.72 | GRI | GRI Bio | PairCorr |
| 0.72 | MDY | SPDR SP MIDCAP | PairCorr |
| 0.72 | SPY | SPDR SP 500 | PairCorr |
| 0.72 | IVV | iShares Core SP | PairCorr |
The ability to find closely correlated positions to Schwab Intermediate could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Schwab Intermediate when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Schwab Intermediate - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Schwab Intermediate Term Treasury to buy it.
The correlation of Schwab 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Schwab Intermediate moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Schwab Intermediate moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Schwab Intermediate can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Schwab Intermediate Correlation, Schwab Intermediate Volatility and Schwab Intermediate Alpha and Beta module to complement your research on Schwab Intermediate. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Schwab Intermediate 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.