Schwab Strategic Trust Etf Market Value
| STCE Etf | USD 52.20 0.17 0.32% |
| Symbol | Schwab |
The market value of Schwab Strategic Trust 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 Strategic's value that differs from its market value or its book value, called intrinsic value, which is Schwab Strategic'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 Strategic's market value can be influenced by many factors that don't directly affect Schwab Strategic'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 Strategic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Schwab Strategic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Schwab Strategic'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 Strategic '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 Strategic'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 Strategic.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Schwab Strategic on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Schwab Strategic Trust or generate 0.0% return on investment in Schwab Strategic over 30 days. Schwab Strategic is related to or competes with ProShares Bitcoin, Amplify Transformational, First Trust, and Grayscale Bitcoin. The fund will not invest in cryptocurrency or digital assets directly More
Schwab Strategic 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 Strategic'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 Strategic Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.23 | |||
| Information Ratio | 0.1585 | |||
| Maximum Drawdown | 21.93 | |||
| Value At Risk | (5.41) | |||
| Potential Upside | 7.62 |
Schwab Strategic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Schwab Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Schwab Strategic's standard deviation. In reality, there are many statistical measures that can use Schwab Strategic historical prices to predict the future Schwab Strategic's volatility.| Risk Adjusted Performance | 0.1501 | |||
| Jensen Alpha | 0.4502 | |||
| Total Risk Alpha | 0.1984 | |||
| Sortino Ratio | 0.2022 | |||
| Treynor Ratio | 0.255 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Schwab Strategic'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 Strategic Trust Backtested Returns
Schwab Strategic appears to be very steady, given 3 months investment horizon. Schwab Strategic Trust owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.22, which indicates the etf had a 0.22% return per unit of risk over the last 3 months. By inspecting Schwab Strategic's technical indicators, you can evaluate if the expected return of 0.9% is justified by implied risk. Please review Schwab Strategic's Risk Adjusted Performance of 0.1501, coefficient of variation of 537.68, and Semi Deviation of 2.85 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 2.97, 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 Strategic will likely underperform.
Auto-correlation | -0.08 |
Very weak reverse predictability
Schwab Strategic Trust has very weak reverse predictability. Overlapping area represents the amount of predictability between Schwab Strategic time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Strategic Trust price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Schwab Strategic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 1.84 |
Schwab Strategic Trust lagged returns against current returns
Autocorrelation, which is Schwab Strategic 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 Strategic's etf expected returns. We can calculate the autocorrelation of Schwab Strategic returns to help us make a trade decision. For example, suppose you find that Schwab Strategic 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 Strategic 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 Strategic etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Schwab Strategic etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Schwab Strategic etf over time.
Current vs Lagged Prices |
| Timeline |
Schwab Strategic Lagged Returns
When evaluating Schwab Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Schwab Strategic etf have on its future price. Schwab Strategic 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 Strategic autocorrelation shows the relationship between Schwab Strategic etf current value and its past values and can show if there is a momentum factor associated with investing in Schwab Strategic Trust.
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 Strategic Trust is a strong investment it is important to analyze Schwab Strategic's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Schwab Strategic's future performance. For an informed investment choice regarding Schwab Etf, refer to the following important reports:Check out Schwab Strategic Correlation, Schwab Strategic Volatility and Schwab Strategic Alpha and Beta module to complement your research on Schwab Strategic. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Schwab Strategic 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.