Schwab Mid Cap Index Fund Market Value
| SWMCX Fund | USD 73.32 0.74 1.02% |
| Symbol | Schwab |
Schwab Us '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 Us' 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 Us.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Schwab Us on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Schwab Mid Cap Index or generate 0.0% return on investment in Schwab Us over 180 days. Schwab Us is related to or competes with Laudus Us, Schwab Target, Schwab California, Schwab Markettrack, Schwab Core, Schwab Us, and Schwab Global. To pursue its goal, the fund generally invests in securities that are included in the Russell Midcap Index More
Schwab Us 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 Us' 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 Mid Cap Index upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6899 | |||
| Information Ratio | 0.0742 | |||
| Maximum Drawdown | 3.76 | |||
| Value At Risk | (0.93) | |||
| Potential Upside | 1.33 |
Schwab Us Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Schwab Us' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Schwab Us' standard deviation. In reality, there are many statistical measures that can use Schwab Us historical prices to predict the future Schwab Us' volatility.| Risk Adjusted Performance | 0.1823 | |||
| Jensen Alpha | 0.0678 | |||
| Total Risk Alpha | 0.0551 | |||
| Sortino Ratio | 0.0844 | |||
| Treynor Ratio | 0.1923 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Schwab Us' 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 Mid Cap Backtested Returns
At this stage we consider Schwab Mutual Fund to be very steady. Schwab Mid Cap owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.23, which indicates the fund had a 0.23% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Schwab Mid Cap Index, which you can use to evaluate the volatility of the fund. Please validate Schwab Us' Risk Adjusted Performance of 0.1823, semi deviation of 0.4559, and Coefficient Of Variation of 419.75 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%. The entity has a beta of 0.92, which indicates possible diversification benefits within a given portfolio. Schwab Us returns are very sensitive to returns on the market. As the market goes up or down, Schwab Us is expected to follow.
Auto-correlation | 0.73 |
Good predictability
Schwab Mid Cap Index has good predictability. Overlapping area represents the amount of predictability between Schwab Us time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Mid Cap price movement. The serial correlation of 0.73 indicates that around 73.0% of current Schwab Us price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 4.56 |
Schwab Mid Cap lagged returns against current returns
Autocorrelation, which is Schwab Us 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 Us' mutual fund expected returns. We can calculate the autocorrelation of Schwab Us returns to help us make a trade decision. For example, suppose you find that Schwab Us 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 Us 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 Us mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Schwab Us 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 Us mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Schwab Us Lagged Returns
When evaluating Schwab Us' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Schwab Us mutual fund have on its future price. Schwab Us 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 Us autocorrelation shows the relationship between Schwab Us mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Schwab Mid Cap Index.
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 Us 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 Us security.
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