Schneider National Correlations

SNDR Stock

USD 32.85 0.43 1.29%

The current 90-days correlation between Schneider National and Werner Enterprises is 0.78 (i.e., Poor 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

Very weak diversification

The correlation between Schneider National and DJI is 0.55 (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 DJI in the same portfolio, assuming nothing else is changed.

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 unemployment.

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

Moving together with Schneider Stock

0.83	VLRS	Volaris	Pair Corr
0.83	AAL	American Airlines Aggressive Push	Pair Corr
0.87	ALK	Alaska Air Group Fiscal Year End 23rd of January 2025	Pair Corr
0.87	DAL	Delta Air Lines Fiscal Year End 10th of January 2025	Pair Corr
0.78	LUV	Southwest Airlines Fiscal Year End 23rd of January 2025	Pair Corr
0.82	NSC	Norfolk Southern Fiscal Year End 24th of January 2025	Pair Corr
0.87	UAL	United Airlines Holdings Sell-off Trend	Pair Corr
0.68	ATCOL	Atlas Corp	Pair Corr
0.94	ODFL	Old Dominion Freight	Pair Corr
0.84	ALGT	Allegiant Travel	Pair Corr
0.93	SAIA	Saia Inc	Pair Corr
0.9	ATSG	Air Transport Services	Pair Corr
0.9	SKYW	SkyWest	Pair Corr
0.81	SNCY	Sun Country Airlines	Pair Corr
0.62	SRFM	Surf Air Mobility Trending	Pair Corr
0.87	G	Genpact Limited	Pair Corr
0.93	R	Ryder System	Pair Corr
0.91	AL	Air Lease	Pair Corr
0.84	AZ	A2Z Smart Technologies	Pair Corr
0.77	BE	Bloom Energy Corp	Pair Corr
0.81	BR	Broadridge Financial	Pair Corr
0.65	BV	BrightView Holdings	Pair Corr
0.92	CR	Crane Company	Pair Corr
0.77	CW	Curtiss Wright	Pair Corr

Moving against Schneider Stock

0.7	CP	Canadian Pacific Railway	Pair Corr
0.62	FLYX	flyExclusive,	Pair Corr
0.62	MESA	Mesa Air Group Fiscal Year End 24th of January 2025	Pair Corr
0.73	MG	Mistras Group	Pair Corr
0.65	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.62	HY	Hyster Yale Materials	Pair Corr
0.61	RR	Richtech Robotics Class	Pair Corr
0.58	OP	Oceanpal	Pair Corr
0.57	FC	Franklin Covey	Pair Corr
0.46	GP	GreenPower Motor	Pair Corr
0.36	FA	First Advantage Corp	Pair Corr

Related Correlations Analysis

	MRTN	HTLD	ULH	CVLG	WERN	PTSI	SAIA
MRTN		0.78	0.44	0.39	0.37	-0.13	0.16	MRTN
HTLD	0.78		0.45	0.65	0.48	0.01	0.22	HTLD
ULH	0.44	0.45		0.8	0.86	-0.11	0.85	ULH
CVLG	0.39	0.65	0.8		0.83	-0.21	0.73	CVLG
WERN	0.37	0.48	0.86	0.83		-0.24	0.86	WERN
PTSI	-0.13	0.01	-0.11	-0.21	-0.24		-0.09	PTSI
SAIA	0.16	0.22	0.85	0.73	0.86	-0.09		SAIA
	MRTN	HTLD	ULH	CVLG	WERN	PTSI	SAIA

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

WERN	+ 0.86	ULH
SAIA	+ 0.86	WERN
SAIA	+ 0.85	ULH
WERN	+ 0.83	CVLG
CVLG	+ 0.8	ULH
HTLD	+ 0.78	MRTN

High negative correlations

PTSI	- 0.24	WERN
PTSI	- 0.21	CVLG
PTSI	- 0.13	MRTN
PTSI	- 0.11	ULH
SAIA	- 0.09	PTSI

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	1.28	(0.16)	(0.06)	0.01	1.54	(1.40)	2.42	(2.57)	11.37
HTLD	1.26	(0.10)	(0.03)	0.05	1.50	(1.42)	2.38	(2.46)	10.96
ULH	2.11	0.11	0.10	0.16	2.49	(2.36)	4.21	(2.97)	17.47
CVLG	1.37	0.17	0.04	3.54	1.31	(1.51)	2.96	(2.30)	12.53
WERN	1.32	0.00	0.03	0.11	1.31	(1.44)	2.80	(2.37)	10.67
PTSI	2.79	0.48	0.11	(1.30)	2.76	(2.99)	5.94	(4.50)	17.32
SAIA	2.20	0.43	0.24	0.33	1.91	(2.66)	5.11	(3.95)	17.45

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC