| SNDR Stock | | | USD 28.94 0.44 1.50% |
Schneider National financial indicator trend analysis is much more than just breaking down Schneider National prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Schneider National is a good investment. Please check the relationship between Schneider National Free Cash Flow and its Ev To Free Cash Flow accounts. 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.
Free Cash Flow vs Ev To Free Cash Flow
Free Cash Flow vs Ev To Free Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Schneider National Free Cash Flow account and
Ev To Free Cash Flow. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Schneider National's Free Cash Flow and Ev To Free Cash Flow is 0.47. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Ev To Free Cash Flow in the same time period over historical financial statements of Schneider National, assuming nothing else is changed. The correlation between historical values of Schneider National's Free Cash Flow and Ev To Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Schneider National are associated (or correlated) with its Ev To Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Free Cash Flow has no effect on the direction of Free Cash Flow i.e., Schneider National's Free Cash Flow and Ev To Free Cash Flow go up and down completely randomly.
Correlation Coefficient | 0.47 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.
Ev To Free Cash Flow
A valuation metric comparing the company's enterprise value to its free cash flow, used to evaluate whether a company is undervalued or overvalued.
Most indicators from Schneider National's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Schneider National 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 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.At this time, Schneider National's
Sales General And Administrative To Revenue is relatively stable compared to the past year. As of 12/23/2024,
Enterprise Value Over EBITDA is likely to grow to 7.27, while
Tax Provision is likely to drop slightly above 82.9
M.
Schneider National fundamental ratios Correlations
Click cells to compare fundamentals
Schneider National Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Schneider National fundamental ratios Accounts
Pair Trading with Schneider National
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 Schneider National 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 Schneider National will appreciate offsetting losses from the drop in the long position's value.
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.
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.
Correlation analysis and pair trading evaluation for Schneider National 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.
Additional 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.