Schwab California Correlations
| SCAXX Fund | 1.00 0.00 0.00% |
The correlation of Schwab California is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
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Risk-Adjusted Indicators
There is a big difference between Schwab Money Market Fund performing well and Schwab California Money Market Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Schwab California's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AFDVX | 0.79 | (0.02) | 0.03 | 0.10 | 0.60 | 1.68 | 6.80 | |||
| QRSAX | 0.73 | 0.16 | 0.09 | 1.03 | 0.45 | 1.87 | 6.37 | |||
| PCSVX | 0.74 | 0.02 | 0.07 | 0.13 | 0.47 | 1.83 | 5.70 | |||
| QRSVX | 0.73 | 0.03 | 0.08 | 0.14 | 0.46 | 1.89 | 6.35 | |||
| BOSVX | 0.92 | (0.01) | 0.06 | 0.11 | 0.69 | 2.11 | 8.98 | |||
| HRVIX | 0.77 | 0.14 | 0.06 | 0.87 | 0.57 | 1.63 | 7.46 | |||
| MAVKX | 0.81 | 0.15 | 0.08 | 0.80 | 0.57 | 1.97 | 7.83 |