Schwab Small Cap Etf Market Value
| SCHA Etf | USD 28.20 0.08 0.28% |
| Symbol | Schwab |
The market value of Schwab Small Cap 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 Small's value that differs from its market value or its book value, called intrinsic value, which is Schwab Small'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 Small's market value can be influenced by many factors that don't directly affect Schwab Small'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 Small's value and its price as these two are different measures arrived at by different means. Investors typically determine if Schwab Small is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Schwab Small'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 Small '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'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 Small.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Schwab Small on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Schwab Small Cap ETF or generate 0.0% return on investment in Schwab Small over 720 days. Schwab Small is related to or competes with Schwab Large, Schwab International, Schwab Emerging, Schwab Mid, and Schwab Broad. To pursue its goal, the fund generally invests in stocks that are included in the index More
Schwab Small 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'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 Small Cap ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.07 | |||
| Information Ratio | 0.0375 | |||
| Maximum Drawdown | 6.77 | |||
| Value At Risk | (1.58) | |||
| Potential Upside | 1.89 |
Schwab Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Schwab Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Schwab Small's standard deviation. In reality, there are many statistical measures that can use Schwab Small historical prices to predict the future Schwab Small's volatility.| Risk Adjusted Performance | 0.1203 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0417 | |||
| Treynor Ratio | 0.1242 |
Schwab Small Cap Backtested Returns
Schwab Small appears to be very steady, given 3 months investment horizon. Schwab Small Cap owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the etf had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Schwab Small Cap ETF, which you can use to evaluate the volatility of the etf. Please review Schwab Small's Coefficient Of Variation of 654.78, semi deviation of 0.8659, and Risk Adjusted Performance of 0.1203 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 1.39, 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 will likely underperform.
Auto-correlation | -0.05 |
Very weak reverse predictability
Schwab Small Cap ETF has very weak reverse predictability. Overlapping area represents the amount of predictability between Schwab Small time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 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 -0.05 indicates that only as little as 5.0% of current Schwab Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 2.02 |
Schwab Small Cap lagged returns against current returns
Autocorrelation, which is Schwab Small 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 Small's etf expected returns. We can calculate the autocorrelation of Schwab Small returns to help us make a trade decision. For example, suppose you find that Schwab Small 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 Small 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 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Schwab Small etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Schwab Small etf over time.
Current vs Lagged Prices |
| Timeline |
Schwab Small Lagged Returns
When evaluating Schwab Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Schwab Small etf have on its future price. Schwab Small 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 autocorrelation shows the relationship between Schwab Small etf current value and its past values and can show if there is a momentum factor associated with investing in Schwab Small Cap ETF.
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.When determining whether Schwab Small Cap offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Schwab Small's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Schwab Small Cap Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Schwab Small Cap Etf:Check out Schwab Small Correlation, Schwab Small Volatility and Schwab Small Alpha and Beta module to complement your research on Schwab Small. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Schwab Small 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.