Schneider National Correlations
| SNDR Stock | USD 21.05 0.22 1.03% |
The correlation of Schneider National 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Schneider National moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Schneider National moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Very weak diversification
The correlation between Schneider National and NYA is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Schneider National and NYA in the same portfolio, assuming nothing else is changed.
Schneider |
The ability to find closely correlated positions to Schneider National could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Schneider National when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Schneider National - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Schneider National to buy it.
Moving together with Schneider Stock
| 0.82 | HA | Hawaiian Holdings Earnings Call Today | PairCorr |
| 0.92 | WERN | Werner Enterprises Earnings Call This Week | PairCorr |
| 0.86 | KNX | Knight Transportation Earnings Call Tomorrow | PairCorr |
| 0.69 | RXO | RXO Inc Financial Report 1st of May 2024 | PairCorr |
| 0.93 | HTLD | Heartland Express Earnings Call This Week | PairCorr |
Moving against Schneider Stock
| 0.87 | DAL | Delta Air Lines Financial Report 11th of July 2024 | PairCorr |
| 0.75 | ALK | Alaska Air Group Financial Report 23rd of July 2024 | PairCorr |
| 0.63 | CP | Canadian Pacific Railway Earnings Call Tomorrow | PairCorr |
| 0.63 | UAL | United Airlines Holdings Trending | PairCorr |
| 0.63 | ULH | Universal Logistics Earnings Call This Week | PairCorr |
| 0.6 | CPA | Copa Holdings SA Financial Report 8th of May 2024 | PairCorr |
| 0.58 | CNI | Canadian National Railway Earnings Call Today | PairCorr |
| 0.84 | SKYW | SkyWest Earnings Call This Week | PairCorr |
| 0.71 | JBLU | JetBlue Airways Corp Earnings Call Today | PairCorr |
| 0.67 | XPO | XPO Logistics Financial Report 2nd of May 2024 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Schneider Stock performing well and Schneider National Company 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 Schneider National'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MRTN | 1.24 | (0.33) | 0.00 | (0.17) | 0.00 | 2.55 | 9.30 | |||
| HTLD | 1.30 | (0.43) | 0.00 | (0.23) | 0.00 | 2.37 | 8.40 | |||
| ULH | 1.74 | 0.12 | 0.07 | 0.15 | 2.03 | 3.26 | 12.05 | |||
| CVLG | 1.50 | (0.13) | 0.00 | (0.01) | 0.00 | 3.04 | 8.10 | |||
| WERN | 1.31 | (0.23) | 0.00 | (0.10) | 0.00 | 2.26 | 8.81 | |||
| PTSI | 2.06 | (0.74) | 0.00 | (0.24) | 0.00 | 5.61 | 13.98 | |||
| SAIA | 1.76 | 0.21 | 0.13 | 0.26 | 1.42 | 3.73 | 17.93 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Schneider National without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Schneider National Corporate Directors
Schneider National corporate directors refer to members of a Schneider National board of directors. The board of directors generally takes responsibility for the Schneider National's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Schneider National's board members must vote for the resolution. The Schneider National board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Scott Trumbull | Director | Profile | |
| James Welch | Independent Director | Profile | |
| John Swainson | Independent Director | Profile | |
| Robert Grubbs | Independent Director | Profile |
Already Invested in Schneider National?
The danger of trading Schneider National is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Schneider National is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Schneider National. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Schneider National is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Schneider National is a strong investment it is important to analyze Schneider National'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 Schneider National's future performance. For an informed investment choice regarding Schneider Stock, refer to the following important reports: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Schneider National. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. To learn how to invest in Schneider Stock, please use our How to Invest in Schneider National guide.Note that the Schneider National information on this page should be used as a complementary analysis to other Schneider National's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary Tools for Schneider Stock analysis
When running Schneider National's price analysis, check to measure Schneider National's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Schneider National is operating at the current time. Most of Schneider National's value examination focuses on studying past and present price action to predict the probability of Schneider National's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Schneider National's price. Additionally, you may evaluate how the addition of Schneider National to your portfolios can decrease your overall portfolio volatility.
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Is Schneider National's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Schneider National. If investors know Schneider will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Schneider National listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.75) | Dividend Share 0.36 | Earnings Share 1.34 | Revenue Per Share 31.015 | Quarterly Revenue Growth (0.12) |
The market value of Schneider National is measured differently than its book value, which is the value of Schneider that is recorded on the company's balance sheet. Investors also form their own opinion of Schneider National's value that differs from its market value or its book value, called intrinsic value, which is Schneider National'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 Schneider National's market value can be influenced by many factors that don't directly affect Schneider National'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 Schneider National's value and its price as these two are different measures arrived at by different means. Investors typically determine if Schneider National is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Schneider National'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.