Schwab Opportunistic Municipal Fund Market Value
| SWHYX Fund | USD 9.16 0.02 0.22% |
| Symbol | Schwab |
Schwab Opportunistic '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 Opportunistic'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 Opportunistic.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Schwab Opportunistic on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Schwab Opportunistic Municipal or generate 0.0% return on investment in Schwab Opportunistic over 30 days. Schwab Opportunistic is related to or competes with William Blair, T Rowe, Nationwide Global, Old Westbury, Touchstone Large, and Qs Us. Under normal market conditions, the fund invests at least 80 percent of its net assets in municipal securities that pay ... More
Schwab Opportunistic 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 Opportunistic'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 Opportunistic Municipal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5105 | |||
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 1.88 | |||
| Value At Risk | (0.44) | |||
| Potential Upside | 0.441 |
Schwab Opportunistic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Schwab Opportunistic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Schwab Opportunistic's standard deviation. In reality, there are many statistical measures that can use Schwab Opportunistic historical prices to predict the future Schwab Opportunistic's volatility.| Risk Adjusted Performance | 0.0371 | |||
| Jensen Alpha | 0.0019 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.18) | |||
| Treynor Ratio | 0.1259 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Schwab Opportunistic'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 Opportunistic Backtested Returns
At this stage we consider Schwab Mutual Fund to be very steady. Schwab Opportunistic owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0537, which indicates the fund had a 0.0537% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Schwab Opportunistic Municipal, which you can use to evaluate the volatility of the fund. Please validate Schwab Opportunistic's Semi Deviation of 0.2611, coefficient of variation of 1438.52, and Risk Adjusted Performance of 0.0371 to confirm if the risk estimate we provide is consistent with the expected return of 0.0161%. The entity has a beta of 0.0827, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Schwab Opportunistic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Schwab Opportunistic is expected to be smaller as well.
Auto-correlation | 0.67 |
Good predictability
Schwab Opportunistic Municipal has good predictability. Overlapping area represents the amount of predictability between Schwab Opportunistic 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 Opportunistic price movement. The serial correlation of 0.67 indicates that around 67.0% of current Schwab Opportunistic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Schwab Opportunistic lagged returns against current returns
Autocorrelation, which is Schwab Opportunistic 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 Opportunistic's mutual fund expected returns. We can calculate the autocorrelation of Schwab Opportunistic returns to help us make a trade decision. For example, suppose you find that Schwab Opportunistic 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 Opportunistic 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 Opportunistic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Schwab Opportunistic 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 Opportunistic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Schwab Opportunistic Lagged Returns
When evaluating Schwab Opportunistic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Schwab Opportunistic mutual fund have on its future price. Schwab Opportunistic 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 Opportunistic autocorrelation shows the relationship between Schwab Opportunistic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Schwab Opportunistic Municipal.
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.Other Information on Investing in Schwab Mutual Fund
Schwab Opportunistic 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 Opportunistic security.
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