Schrodinger Capital Surpluse vs Total Current Liabilities Analysis

SDGR Stock  USD 22.23  0.28  1.28%   
Schrodinger financial indicator trend analysis is much more than just breaking down Schrodinger prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Schrodinger is a good investment. Please check the relationship between Schrodinger Capital Surpluse and its Total Current Liabilities accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Schrodinger. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
To learn how to invest in Schrodinger Stock, please use our How to Invest in Schrodinger guide.

Capital Surpluse vs Total Current Liabilities

Capital Surpluse vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Schrodinger Capital Surpluse account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Schrodinger's Capital Surpluse and Total Current Liabilities is 0.93. Overlapping area represents the amount of variation of Capital Surpluse that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Schrodinger, assuming nothing else is changed. The correlation between historical values of Schrodinger's Capital Surpluse and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Surpluse of Schrodinger are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Capital Surpluse i.e., Schrodinger's Capital Surpluse and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.93
Relationship DirectionPositive 
Relationship StrengthVery Strong

Capital Surpluse

Total Current Liabilities

Total Current Liabilities is an item on Schrodinger balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Schrodinger are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Schrodinger's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Schrodinger current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Schrodinger. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
To learn how to invest in Schrodinger Stock, please use our How to Invest in Schrodinger guide.As of 12/04/2024, Tax Provision is likely to grow to about 2.3 M, while Selling General Administrative is likely to drop slightly above 55.9 M.
 2020 2021 2023 2024 (projected)
Interest Income2.3M1.1M1.2M1.3M
Net Interest Income2.3M1.1M1.2M1.3M

Schrodinger fundamental ratios Correlations

0.710.950.990.970.980.790.98-0.39-0.860.840.920.830.740.850.980.880.960.910.970.030.960.840.980.660.99
0.710.790.650.580.610.920.73-0.03-0.820.950.620.950.840.780.620.780.820.780.60.160.820.770.670.70.65
0.950.790.90.860.890.890.98-0.17-0.940.890.820.90.870.950.880.980.930.950.870.220.930.960.940.80.9
0.990.650.90.991.00.730.94-0.45-0.790.790.920.770.670.760.990.820.950.820.98-0.130.950.760.990.521.0
0.970.580.860.990.990.650.91-0.56-0.730.760.950.710.620.710.990.780.920.80.97-0.140.920.710.960.490.99
0.980.610.891.00.990.70.93-0.46-0.770.760.920.730.640.740.990.80.930.810.98-0.140.930.750.980.51.0
0.790.920.890.730.650.70.850.1-0.970.940.620.990.830.890.690.90.890.860.70.20.890.90.790.770.73
0.980.730.980.940.910.930.85-0.26-0.920.850.860.860.760.90.940.920.950.960.940.190.950.90.960.770.94
-0.39-0.03-0.17-0.45-0.56-0.460.1-0.26-0.04-0.19-0.69-0.03-0.04-0.07-0.52-0.07-0.31-0.18-0.430.24-0.30.05-0.310.04-0.45
-0.86-0.82-0.94-0.79-0.73-0.77-0.97-0.92-0.04-0.9-0.68-0.95-0.82-0.92-0.77-0.94-0.91-0.91-0.78-0.25-0.91-0.95-0.86-0.81-0.79
0.840.950.890.790.760.760.940.85-0.19-0.90.780.980.850.850.770.880.930.860.750.10.930.840.810.710.79
0.920.620.820.920.950.920.620.86-0.69-0.680.780.70.670.740.940.750.880.790.89-0.010.870.670.870.550.92
0.830.950.90.770.710.730.990.86-0.03-0.950.980.70.850.880.740.890.920.870.730.150.920.880.810.750.77
0.740.840.870.670.620.640.830.76-0.04-0.820.850.670.850.930.610.930.740.790.570.290.740.890.720.760.67
0.850.780.950.760.710.740.890.9-0.07-0.920.850.740.880.930.740.970.830.910.720.40.830.960.820.880.76
0.980.620.880.990.990.990.690.94-0.52-0.770.770.940.740.610.740.780.940.850.99-0.050.940.730.960.560.99
0.880.780.980.820.780.80.90.92-0.07-0.940.880.750.890.930.970.780.870.910.770.270.870.990.880.820.82
0.960.820.930.950.920.930.890.95-0.31-0.910.930.880.920.740.830.940.870.890.93-0.031.00.830.950.640.95
0.910.780.950.820.80.810.860.96-0.18-0.910.860.790.870.790.910.850.910.890.840.410.890.920.850.90.82
0.970.60.870.980.970.980.70.94-0.43-0.780.750.890.730.570.720.990.770.930.84-0.070.930.730.960.540.98
0.030.160.22-0.13-0.14-0.140.20.190.24-0.250.1-0.010.150.290.4-0.050.27-0.030.41-0.07-0.030.36-0.080.74-0.13
0.960.820.930.950.920.930.890.95-0.3-0.910.930.870.920.740.830.940.871.00.890.93-0.030.840.950.640.95
0.840.770.960.760.710.750.90.90.05-0.950.840.670.880.890.960.730.990.830.920.730.360.840.840.860.76
0.980.670.940.990.960.980.790.96-0.31-0.860.810.870.810.720.820.960.880.950.850.96-0.080.950.840.570.99
0.660.70.80.520.490.50.770.770.04-0.810.710.550.750.760.880.560.820.640.90.540.740.640.860.570.52
0.990.650.91.00.991.00.730.94-0.45-0.790.790.920.770.670.760.990.820.950.820.98-0.130.950.760.990.52
Click cells to compare fundamentals

Schrodinger Account Relationship Matchups

Schrodinger fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets155.3M746.3M756.5M688.6M803.0M523.0M
Other Current Liab10.9M8.6M25.7M13.9M43.8M45.9M
Total Current Liabilities45.0M73.2M91.2M108.8M133.7M78.1M
Total Stockholder Equity(93.4M)624.0M557.1M447.9M548.6M309.1M
Other Liab3.1M41.8M30.4M26.4M30.4M19.9M
Net Tangible Assets(93.4M)624.0M557.1M442.5M508.9M259.1M
Property Plant And Equipment Net19.0M15.3M85.4M120.2M141.1M148.2M
Current Deferred Revenue25.1M45.4M55.4M57.9M56.2M42.2M
Net Debt(11.5M)(190.5M)(40.4M)26.0M(27.4M)(28.8M)
Retained Earnings(105.1M)(129.6M)(230.0M)(379.1M)(338.4M)(321.5M)
Accounts Payable3.5M8.4M8.1M9.5M16.8M17.7M
Cash26.0M202.3M120.3M90.5M155.3M107.2M
Non Current Assets Total36.7M63.3M131.4M154.6M235.2M246.9M
Non Currrent Assets Other2.3M2.4M2.9M3.3M6.0M3.4M
Other Assets2.3M2.4M2.9M3.3M3.8M2.8M
Cash And Short Term Investments85.8M642.7M576.5M451.1M463.0M367.6M
Net Receivables25.7M35.4M40.6M69.1M89.1M45.2M
Common Stock Total Equity59K61K699K710K816.5K857.3K
Common Stock Shares Outstanding63.3M60.0M70.6M71.2M75.0M67.4M
Short Term Investments59.8M440.4M456.2M360.6M307.7M260.5M
Liabilities And Stockholders Equity155.3M746.3M756.5M688.6M803.0M523.0M
Non Current Liabilities Total203.6M49.0M108.2M131.9M120.7M98.8M
Capital Surpluse8.9M11.7M752.6M787.0M905.0M950.3M
Other Current Assets6.5M4.9M8.0M13.8M15.7M8.4M
Other Stockholder Equity(179.9M)752.6M787.0M828.7M886.0M447.2M
Total Liab248.6M122.2M199.4M240.7M254.4M213.9M
Net Invested Capital(93.4M)624.0M557.1M447.9M548.6M309.1M
Long Term Investments15.4M45.7M43.2M25.7M83.3M87.4M
Property Plant And Equipment Gross19.0M15.3M85.4M134.3M159.3M167.2M
Total Current Assets118.5M683.0M625.1M534.0M567.8M421.3M
Accumulated Other Comprehensive Income16K317K(651K)(2.4M)281K295.1K
Net Working Capital73.5M609.8M533.8M425.2M434.1M343.3M
Common Stock61K699K710K714K722K474.6K
Property Plant Equipment19.0M5.1M10.0M120.2M138.3M145.2M
Capital Stock61K699K710K714K722K543.6K

Pair Trading with Schrodinger

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Schrodinger position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Schrodinger will appreciate offsetting losses from the drop in the long position's value.

Moving against Schrodinger Stock

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The ability to find closely correlated positions to Schrodinger could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Schrodinger 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 Schrodinger - 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 Schrodinger to buy it.
The correlation of Schrodinger 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 Schrodinger moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Schrodinger 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.
Correlation analysis and pair trading evaluation for Schrodinger can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Schrodinger Stock Analysis

When running Schrodinger's price analysis, check to measure Schrodinger'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 Schrodinger is operating at the current time. Most of Schrodinger's value examination focuses on studying past and present price action to predict the probability of Schrodinger's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Schrodinger's price. Additionally, you may evaluate how the addition of Schrodinger to your portfolios can decrease your overall portfolio volatility.