Schwab International Index Fund Market Value
| SWISX Fund | USD 24.40 0.01 0.04% |
| Symbol | Schwab |
Schwab International '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 International'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 International.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Schwab International on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Schwab International Index or generate 0.0% return on investment in Schwab International over 480 days. Schwab International is related to or competes with SCOR PK, Morningstar Unconstrained, Via Renewables, Bondbloxx ETF, Spring Valley, 70082LAB3, and Bondbloxx ETF. The fund generally invests at least 80 percent of its net assets in these stocks typically, the actual percentage is con... More
Schwab International 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 International'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 International Index upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8174 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 4.29 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 1.35 |
Schwab International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Schwab International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Schwab International's standard deviation. In reality, there are many statistical measures that can use Schwab International historical prices to predict the future Schwab International's volatility.| Risk Adjusted Performance | 0.0095 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | (0.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Schwab International'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 International Backtested Returns
Schwab International owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0281, which indicates the fund had a -0.0281% return per unit of risk over the last 3 months. Schwab International Index exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Schwab International's Risk Adjusted Performance of 0.0095, coefficient of variation of 8569.78, and Semi Deviation of 0.798 to confirm the risk estimate we provide. The entity has a beta of 0.0115, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Schwab International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Schwab International is expected to be smaller as well.
Auto-correlation | 0.27 |
Poor predictability
Schwab International Index has poor predictability. Overlapping area represents the amount of predictability between Schwab International time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th 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 International price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Schwab International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.4 |
Schwab International lagged returns against current returns
Autocorrelation, which is Schwab International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Schwab International returns to help us make a trade decision. For example, suppose you find that Schwab International 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Schwab International 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 International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Schwab International Lagged Returns
When evaluating Schwab International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Schwab International mutual fund have on its future price. Schwab International 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 International autocorrelation shows the relationship between Schwab International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Schwab International Index.
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 International 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 International security.
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