Schwab Small Cap Equity Fund Market Value
| SWSCX Fund | USD 23.79 0.40 1.71% |
| Symbol | SCHWAB |
Schwab Small-cap '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 Small-cap'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 Small-cap.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Schwab Small-cap on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Schwab Small Cap Equity or generate 0.0% return on investment in Schwab Small-cap over 720 days. Schwab Small-cap is related to or competes with Calvert High, Pace High, Needham Aggressive, Metropolitan West, Morningstar Aggressive, Siit High, and Ab Global. The fund invests at least 80 percent of its net assets in small-cap equity securities More
Schwab Small-cap 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 Small-cap'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 Small Cap Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.08 | |||
| Information Ratio | 0.0083 | |||
| Maximum Drawdown | 7.34 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 2.1 |
Schwab Small-cap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Schwab Small-cap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Schwab Small-cap's standard deviation. In reality, there are many statistical measures that can use Schwab Small-cap historical prices to predict the future Schwab Small-cap's volatility.| Risk Adjusted Performance | 0.0859 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0102 | |||
| Treynor Ratio | 0.0859 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Schwab Small-cap's 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 Small Cap Backtested Returns
At this stage we consider SCHWAB Mutual Fund to be very steady. Schwab Small Cap owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0756, which indicates the fund had a 0.0756% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Schwab Small Cap Equity, which you can use to evaluate the volatility of the fund. Please validate Schwab Small-cap's Risk Adjusted Performance of 0.0859, coefficient of variation of 938.61, and Semi Deviation of 0.9143 to confirm if the risk estimate we provide is consistent with the expected return of 0.0973%. The entity has a beta of 1.53, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Schwab Small-cap will likely underperform.
Auto-correlation | 0.08 |
Virtually no predictability
Schwab Small Cap Equity has virtually no predictability. Overlapping area represents the amount of predictability between Schwab Small-cap time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Small Cap price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Schwab Small-cap price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 1.53 |
Schwab Small Cap lagged returns against current returns
Autocorrelation, which is Schwab Small-cap 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 Small-cap's mutual fund expected returns. We can calculate the autocorrelation of Schwab Small-cap returns to help us make a trade decision. For example, suppose you find that Schwab Small-cap 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 Small-cap 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 Small-cap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Schwab Small-cap 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 Small-cap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Schwab Small-cap Lagged Returns
When evaluating Schwab Small-cap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Schwab Small-cap mutual fund have on its future price. Schwab Small-cap 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 Small-cap autocorrelation shows the relationship between Schwab Small-cap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Schwab Small Cap Equity.
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 Small-cap 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 Small-cap security.
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