Schwab Global Real Fund Market Value
| SWASX Fund | USD 5.78 0.01 0.17% |
| Symbol | Schwab |
Schwab Global '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 Global'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 Global.
| 05/24/2023 |
| 04/18/2024 |
If you would invest 0.00 in Schwab Global on May 24, 2023 and sell it all today you would earn a total of 0.00 from holding Schwab Global Real or generate 0.0% return on investment in Schwab Global over 330 days. Schwab Global is related to or competes with Guidemark Large, T Rowe, Lord Abbett, Smead Value, Ab Large, Fidelity Series, and Dana Large. The fund invests at least 80 percent of its net assets in securities of real estate companies and companies related to t... More
Schwab Global 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 Global'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 Global Real upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 5.85 | |||
| Value At Risk | (1.51) | |||
| Potential Upside | 1.17 |
Schwab Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Schwab Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Schwab Global's standard deviation. In reality, there are many statistical measures that can use Schwab Global historical prices to predict the future Schwab Global's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.11) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Schwab Global'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 Global Real Backtested Returns
Schwab Global Real owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0858, which indicates the fund had a -0.0858% return per unit of risk over the last 3 months. Schwab Global Real exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Schwab Global's Risk Adjusted Performance of (0.08), coefficient of variation of (781.18), and Variance of 0.8994 to confirm the risk estimate we provide. The entity has a beta of 1.18, 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 Global will likely underperform.
Auto-correlation | 0.22 |
Weak predictability
Schwab Global Real has weak predictability. Overlapping area represents the amount of predictability between Schwab Global time series from 24th of May 2023 to 5th of November 2023 and 5th of November 2023 to 18th of April 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 Global Real price movement. The serial correlation of 0.22 indicates that over 22.0% of current Schwab Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Schwab Global Real lagged returns against current returns
Autocorrelation, which is Schwab Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Schwab Global returns to help us make a trade decision. For example, suppose you find that Schwab Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Schwab Global 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 Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Schwab Global Lagged Returns
When evaluating Schwab Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Schwab Global mutual fund have on its future price. Schwab Global 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 Global autocorrelation shows the relationship between Schwab Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Schwab Global Real.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Schwab Global Correlation, Schwab Global Volatility and Schwab Global Alpha and Beta module to complement your research on Schwab Global. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Schwab Global technical mutual fund 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, fund market cycles, or different charting patterns.