Schwab Markettrack Balanced Fund Market Value
| SWBGX Fund | USD 21.01 0.02 0.1% |
| Symbol | Schwab |
Schwab Markettrack '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 Markettrack'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 Markettrack.
| 08/05/2023 |
| 11/27/2024 |
If you would invest 0.00 in Schwab Markettrack on August 5, 2023 and sell it all today you would earn a total of 0.00 from holding Schwab Markettrack Balanced or generate 0.0% return on investment in Schwab Markettrack over 480 days. Schwab Markettrack is related to or competes with American Balanced, American Balanced, HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, and High-yield Municipal. To pursue its goal, the fund maintains a defined asset allocation More
Schwab Markettrack 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 Markettrack'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 Markettrack Balanced upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4191 | |||
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 1.98 | |||
| Value At Risk | (0.67) | |||
| Potential Upside | 0.7775 |
Schwab Markettrack Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Schwab Markettrack's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Schwab Markettrack's standard deviation. In reality, there are many statistical measures that can use Schwab Markettrack historical prices to predict the future Schwab Markettrack's volatility.| Risk Adjusted Performance | 0.0447 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.24) | |||
| Treynor Ratio | 0.0543 |
Schwab Markettrack Backtested Returns
At this stage we consider Schwab Mutual Fund to be very steady. Schwab Markettrack owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0808, which indicates the fund had a 0.0808% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Schwab Markettrack Balanced, which you can use to evaluate the volatility of the fund. Please validate Schwab Markettrack's Coefficient Of Variation of 1430.22, semi deviation of 0.299, and Risk Adjusted Performance of 0.0447 to confirm if the risk estimate we provide is consistent with the expected return of 0.0332%. The entity has a beta of 0.34, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Schwab Markettrack's returns are expected to increase less than the market. However, during the bear market, the loss of holding Schwab Markettrack is expected to be smaller as well.
Auto-correlation | 0.78 |
Good predictability
Schwab Markettrack Balanced has good predictability. Overlapping area represents the amount of predictability between Schwab Markettrack time series from 5th of August 2023 to 1st of April 2024 and 1st of April 2024 to 27th 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 Markettrack price movement. The serial correlation of 0.78 indicates that around 78.0% of current Schwab Markettrack price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.41 |
Schwab Markettrack lagged returns against current returns
Autocorrelation, which is Schwab Markettrack 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 Markettrack's mutual fund expected returns. We can calculate the autocorrelation of Schwab Markettrack returns to help us make a trade decision. For example, suppose you find that Schwab Markettrack 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 Markettrack 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 Markettrack mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Schwab Markettrack 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 Markettrack mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Schwab Markettrack Lagged Returns
When evaluating Schwab Markettrack's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Schwab Markettrack mutual fund have on its future price. Schwab Markettrack 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 Markettrack autocorrelation shows the relationship between Schwab Markettrack mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Schwab Markettrack Balanced.
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.Other Information on Investing in Schwab Mutual Fund
Schwab Markettrack financial ratios help investors to determine whether Schwab Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Schwab with respect to the benefits of owning Schwab Markettrack security.
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