Schwab Municipal Bond Etf Market Value
| SCMB Etf | USD 25.90 0.01 0.04% |
| Symbol | Schwab |
The market value of Schwab Municipal Bond 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 Municipal's value that differs from its market value or its book value, called intrinsic value, which is Schwab Municipal'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 Municipal's market value can be influenced by many factors that don't directly affect Schwab Municipal'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 Municipal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Schwab Municipal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Schwab Municipal'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 Municipal '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 Municipal'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 Municipal.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Schwab Municipal on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Schwab Municipal Bond or generate 0.0% return on investment in Schwab Municipal over 30 days. Schwab Municipal is related to or competes with Vanguard Tax, Vanguard Short, PIMCO Intermediate, Schwab Long, and IShares Short. The index measures the performance of U.S More
Schwab Municipal 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 Municipal'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 Municipal Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3705 | |||
| Information Ratio | (0.39) | |||
| Maximum Drawdown | 1.82 | |||
| Value At Risk | (0.42) | |||
| Potential Upside | 0.4607 |
Schwab Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Schwab Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Schwab Municipal's standard deviation. In reality, there are many statistical measures that can use Schwab Municipal historical prices to predict the future Schwab Municipal's volatility.| Risk Adjusted Performance | 0.0265 | |||
| Jensen Alpha | 0.0226 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.31) | |||
| Treynor Ratio | (0.05) |
Schwab Municipal Bond Backtested Returns
At this point, Schwab Municipal is very steady. Schwab Municipal Bond owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0342, which indicates the etf had a 0.0342% return per unit of risk over the last 3 months. We have found thirty technical indicators for Schwab Municipal Bond, which you can use to evaluate the volatility of the etf. Please validate Schwab Municipal's Semi Deviation of 0.2809, risk adjusted performance of 0.0265, and Coefficient Of Variation of 1799.44 to confirm if the risk estimate we provide is consistent with the expected return of 0.01%. The entity has a beta of -0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Schwab Municipal are expected to decrease at a much lower rate. During the bear market, Schwab Municipal is likely to outperform the market.
Auto-correlation | 0.27 |
Poor predictability
Schwab Municipal Bond has poor predictability. Overlapping area represents the amount of predictability between Schwab Municipal time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Municipal Bond price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Schwab Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Schwab Municipal Bond lagged returns against current returns
Autocorrelation, which is Schwab Municipal 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 Municipal's etf expected returns. We can calculate the autocorrelation of Schwab Municipal returns to help us make a trade decision. For example, suppose you find that Schwab Municipal 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 Municipal 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 Municipal etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Schwab Municipal etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Schwab Municipal etf over time.
Current vs Lagged Prices |
| Timeline |
Schwab Municipal Lagged Returns
When evaluating Schwab Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Schwab Municipal etf have on its future price. Schwab Municipal 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 Municipal autocorrelation shows the relationship between Schwab Municipal etf current value and its past values and can show if there is a momentum factor associated with investing in Schwab Municipal Bond.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Schwab Municipal Bond offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Schwab Municipal'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 Municipal Bond Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Schwab Municipal Bond Etf:Check out Schwab Municipal Correlation, Schwab Municipal Volatility and Schwab Municipal Alpha and Beta module to complement your research on Schwab Municipal. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Schwab Municipal 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.