Schneider National Correlations

SNDR Stock

USD 27.01 0.26 0.95%

The current 90-days correlation between Schneider National and Exponent is 0.32 (i.e., Weak diversification). 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 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.

Schneider National Correlation With Market

Weak diversification

The correlation between Schneider National and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Schneider National and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Schneider Stock

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 closely tied with the direction of predictive economic indicators such as signals in consumer price index.

To learn how to invest in Schneider Stock, please use our How to Invest in Schneider National guide.

Moving together with Schneider Stock

0.76	KNX	Knight Transportation	Pair Corr
0.69	MRTN	Marten Transport	Pair Corr

Moving against Schneider Stock

0.32	PTAIF	PT Astra International	Pair Corr
0.35	NNFSF	Nongfu Spring	Pair Corr

Related Correlations Analysis

	EXPO	VSEC	ATMU	CXT	WSC	RXO	CAAP	MYRG	HAYW	BRC
EXPO		0.45	0.78	-0.59	-0.19	-0.35	0.73	0.4	0.46	0.46	EXPO
VSEC	0.45		0.41	-0.19	-0.09	-0.09	0.48	0.49	0.68	0.35	VSEC
ATMU	0.78	0.41		-0.68	-0.29	-0.51	0.91	0.52	0.57	0.37	ATMU
CXT	-0.59	-0.19	-0.68		0.49	0.66	-0.69	-0.1	-0.2	-0.47	CXT
WSC	-0.19	-0.09	-0.29	0.49		0.91	-0.45	-0.49	-0.04	0.27	WSC
RXO	-0.35	-0.09	-0.51	0.66	0.91		-0.58	-0.41	-0.08	0.05	RXO
CAAP	0.73	0.48	0.91	-0.69	-0.45	-0.58		0.66	0.63	0.19	CAAP
MYRG	0.4	0.49	0.52	-0.1	-0.49	-0.41	0.66		0.54	-0.32	MYRG
HAYW	0.46	0.68	0.57	-0.2	-0.04	-0.08	0.63	0.54		0.1	HAYW
BRC	0.46	0.35	0.37	-0.47	0.27	0.05	0.19	-0.32	0.1		BRC
	EXPO	VSEC	ATMU	CXT	WSC	RXO	CAAP	MYRG	HAYW	BRC

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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

CAAP	+ 0.91	ATMU
RXO	+ 0.91	WSC
ATMU	+ 0.78	EXPO
CAAP	+ 0.73	EXPO
HAYW	+ 0.68	VSEC
RXO	+ 0.66	CXT

High negative correlations

CAAP	- 0.69	CXT
CXT	- 0.68	ATMU
CXT	- 0.59	EXPO
CAAP	- 0.58	RXO
RXO	- 0.51	ATMU
MYRG	- 0.49	WSC

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
EXPO	1.14	0.03	0.00	0.13	1.32	(1.18)	2.73	(1.97)	9.28
VSEC	1.95	(0.06)	(0.01)	0.05	2.16	(2.23)	4.17	(3.30)	10.96
ATMU	1.35	0.12	0.10	0.19	1.31	(1.59)	2.99	(2.41)	8.53
CXT	1.69	(0.24)	0.00	(0.12)	0.00	0.00	2.74	(3.62)	19.12
WSC	2.29	(0.28)	0.00	(0.03)	0.00	0.00	5.05	(5.25)	13.93
RXO	3.52	(0.33)	(0.01)	0.00	6.28	(3.16)	6.09	(7.77)	30.62
CAAP	1.68	0.31	0.22	0.35	1.17	(2.21)	4.77	(2.20)	19.45
MYRG	2.22	0.26	0.11	0.28	2.44	(2.40)	5.02	(4.84)	11.62
HAYW	1.38	(0.08)	(0.03)	0.03	1.47	(1.67)	2.80	(2.82)	14.48
BRC	1.09	(0.02)	(0.04)	0.07	1.26	(1.18)	1.97	(2.19)	5.11

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