Schwab Intermediate Term Treasury Etf Market Value
| SCHR Etf | USD 48.38 0.02 0.04% |
| Symbol | Schwab |
The market value of Schwab Intermediate 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 Intermediate's value that differs from its market value or its book value, called intrinsic value, which is Schwab Intermediate'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 Intermediate's market value can be influenced by many factors that don't directly affect Schwab Intermediate'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 Intermediate's value and its price as these two are different measures arrived at by different means. Investors typically determine if Schwab Intermediate is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Schwab Intermediate'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 Intermediate '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 Intermediate'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 Intermediate.
| 03/28/2024 |
| 05/27/2024 |
If you would invest 0.00 in Schwab Intermediate on March 28, 2024 and sell it all today you would earn a total of 0.00 from holding Schwab Intermediate Term Treasury or generate 0.0% return on investment in Schwab Intermediate over 60 days. Schwab Intermediate is related to or competes with SPDR Portfolio, IShares 5, SPDR Barclays, and SPDR Barclays. The fund will invest at least 90 percent of its net assets in securities included in the index More
Schwab Intermediate 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 Intermediate'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 Intermediate Term Treasury upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3235 | |||
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 1.45 | |||
| Value At Risk | (0.45) | |||
| Potential Upside | 0.395 |
Schwab Intermediate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Schwab Intermediate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Schwab Intermediate's standard deviation. In reality, there are many statistical measures that can use Schwab Intermediate historical prices to predict the future Schwab Intermediate's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Schwab Intermediate'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 Intermediate Backtested Returns
We consider Schwab Intermediate very steady. Schwab Intermediate owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0117, which indicates the etf had a 0.0117% return per unit of risk over the last 3 months. We have found thirty technical indicators for Schwab Intermediate Term Treasury, which you can use to evaluate the volatility of the etf. Please validate Schwab Intermediate's Coefficient Of Variation of 6781.61, risk adjusted performance of (0), and Semi Deviation of 0.311 to confirm if the risk estimate we provide is consistent with the expected return of 0.0033%. The entity has a beta of 0.2, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Schwab Intermediate's returns are expected to increase less than the market. However, during the bear market, the loss of holding Schwab Intermediate is expected to be smaller as well.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
Schwab Intermediate Term Treasury has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Schwab Intermediate time series from 28th of March 2024 to 27th of April 2024 and 27th of April 2024 to 27th of May 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 Intermediate price movement. The serial correlation of -0.77 indicates that around 77.0% of current Schwab Intermediate price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Schwab Intermediate lagged returns against current returns
Autocorrelation, which is Schwab Intermediate 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 Intermediate's etf expected returns. We can calculate the autocorrelation of Schwab Intermediate returns to help us make a trade decision. For example, suppose you find that Schwab Intermediate 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 Intermediate 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 Intermediate etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Schwab Intermediate etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Schwab Intermediate etf over time.
Current vs Lagged Prices |
| Timeline |
Schwab Intermediate Lagged Returns
When evaluating Schwab Intermediate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Schwab Intermediate etf have on its future price. Schwab Intermediate 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 Intermediate autocorrelation shows the relationship between Schwab Intermediate etf current value and its past values and can show if there is a momentum factor associated with investing in Schwab Intermediate Term Treasury.
Regressed Prices |
| Timeline |
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Schwab Intermediate 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.