Schwab California Tax Free Fund Manager Performance Evaluation
| SWCAX Fund | USD 11.22 0.01 0.09% |
The entity has a beta of -0.0817, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Schwab California are expected to decrease at a much lower rate. During the bear market, Schwab California is likely to outperform the market.
Risk-Adjusted Performance
4 of 100
Weak | Strong |
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Schwab California Tax Free are ranked lower than 4 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong basic indicators, Schwab California is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio Date | 19th of December 2022 | |
| Expense Ratio | 0.3800 |
Schwab |
Schwab California Relative Risk vs. Return Landscape
If you would invest 1,114 in Schwab California Tax Free on September 5, 2024 and sell it today you would earn a total of 8.00 from holding Schwab California Tax Free or generate 0.72% return on investment over 90 days. Schwab California Tax Free is currently producing 0.0114% returns and takes up 0.1915% volatility of returns over 90 trading days. Put another way, 1% of traded mutual funds are less volatile than Schwab, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Schwab California Current Valuation
Overvalued
Today
Please note that Schwab California's price fluctuation is very steady at this time. At this time, the fund appears to be overvalued. Schwab California Tax has a current Real Value of $10.92 per share. The regular price of the fund is $11.22. We determine the value of Schwab California Tax from inspecting fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will draw towards each other.
Since Schwab California is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Schwab Mutual Fund. However, Schwab California's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 11.22 | Real 10.92 | Hype 11.22 | Naive 11.21 |
The intrinsic value of Schwab California's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Schwab California's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Schwab California Tax Free helps investors to forecast how Schwab mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Schwab California more accurately as focusing exclusively on Schwab California's fundamentals will not take into account other important factors: Schwab California Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Schwab California's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Schwab California Tax Free, and traders can use it to determine the average amount a Schwab California's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0593
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| Negative Returns | SWCAX |
Estimated Market Risk
| 0.19 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Schwab California is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Schwab California by adding it to a well-diversified portfolio.
Schwab California Fundamentals Growth
Schwab Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Schwab California, and Schwab California fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Schwab Mutual Fund performance.
About Schwab California Performance
Evaluating Schwab California's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Schwab California has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Schwab California has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
To pursue its goal, the fund primarily invests in investment-grade municipal securities - those in the four highest credit rating categories from California issuers. The fund normally invests at least 80 percent of its net assets in municipal securities the interest from which is exempt from federal and California personal income tax and federal alternative minimum tax.Things to note about Schwab California Tax performance evaluation
Checking the ongoing alerts about Schwab California for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Schwab California Tax help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund maintains about 99.82% of its assets in bonds |
- Analyzing Schwab California's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Schwab California's stock is overvalued or undervalued compared to its peers.
- Examining Schwab California's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Schwab California's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Schwab California's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Schwab California's mutual fund. These opinions can provide insight into Schwab California's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Schwab Mutual Fund
Schwab California 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 California security.
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