Schneider National Correlations

SNDR Stock

USD 31.41 0.25 0.80%

The current 90-days correlation between Schneider National and Knife River is 0.4 (i.e., Very 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

Very weak diversification

The correlation between Schneider National and DJI is 0.56 (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

0.92	WERN	Werner Enterprises	Pair Corr
0.81	AAL	American Airlines Fiscal Year End 23rd of January 2025	Pair Corr
0.68	CPA	Copa Holdings SA	Pair Corr
0.89	KNX	Knight Transportation Fiscal Year End 22nd of January 2025	Pair Corr
0.73	LUV	Southwest Airlines Fiscal Year End 23rd of January 2025	Pair Corr
0.86	UAL	United Airlines Holdings Sell-off Trend	Pair Corr
0.86	ULH	Universal Logistics	Pair Corr
0.86	XPO	XPO Logistics	Pair Corr
0.9	ODFL	Old Dominion Freight	Pair Corr
0.93	SAIA	Saia Inc	Pair Corr
0.66	ARCB	ArcBest Corp	Pair Corr
0.89	SKYW	SkyWest	Pair Corr
0.85	SNCY	Sun Country Airlines	Pair Corr
0.86	G	Genpact Limited	Pair Corr
0.61	J	Jacobs Solutions	Pair Corr
0.9	R	Ryder System	Pair Corr
0.87	DIST	Distoken Acquisition	Pair Corr
0.82	AL	Air Lease	Pair Corr
0.82	AZ	A2Z Smart Technologies	Pair Corr
0.77	BR	Broadridge Financial	Pair Corr
0.67	BV	BrightView Holdings	Pair Corr
0.9	CR	Crane Company	Pair Corr
0.79	CW	Curtiss Wright	Pair Corr

Moving against Schneider Stock

0.71	MESA	Mesa Air Group Fiscal Year End 24th of January 2025	Pair Corr
0.66	FLYX	flyExclusive,	Pair Corr
0.6	CP	Canadian Pacific Railway	Pair Corr
0.73	MG	Mistras Group	Pair Corr
0.71	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.57	HY	Hyster Yale Materials	Pair Corr
0.43	FA	First Advantage Corp	Pair Corr
0.37	FC	Franklin Covey	Pair Corr

Related Correlations Analysis

	SCRYX	MSTSX	MURIX	EPASX	SVII	VLSMX	KNF	AMYZF	FPCG	SLDBX
SCRYX		0.58	0.27	0.25	0.61	0.73	0.73	-0.63	0.0	-0.02	SCRYX
MSTSX	0.58		0.16	0.8	0.56	0.87	0.74	-0.66	0.0	0.33	MSTSX
MURIX	0.27	0.16		0.02	-0.21	0.44	-0.03	0.3	0.0	0.4	MURIX
EPASX	0.25	0.8	0.02		0.39	0.53	0.43	-0.47	0.0	0.34	EPASX
SVII	0.61	0.56	-0.21	0.39		0.5	0.73	-0.76	0.0	0.0	SVII
VLSMX	0.73	0.87	0.44	0.53	0.5		0.72	-0.53	0.0	0.36	VLSMX
KNF	0.73	0.74	-0.03	0.43	0.73	0.72		-0.86	0.0	0.21	KNF
AMYZF	-0.63	-0.66	0.3	-0.47	-0.76	-0.53	-0.86		0.0	-0.04	AMYZF
FPCG	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	FPCG
SLDBX	-0.02	0.33	0.4	0.34	0.0	0.36	0.21	-0.04	0.0		SLDBX
	SCRYX	MSTSX	MURIX	EPASX	SVII	VLSMX	KNF	AMYZF	FPCG	SLDBX

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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

VLSMX	+ 0.87	MSTSX
EPASX	+ 0.8	MSTSX
KNF	+ 0.74	MSTSX
VLSMX	+ 0.73	SCRYX
KNF	+ 0.73	SCRYX
KNF	+ 0.73	SVII

High negative correlations

AMYZF	- 0.86	KNF
AMYZF	- 0.76	SVII
AMYZF	- 0.66	MSTSX
AMYZF	- 0.63	SCRYX
AMYZF	- 0.53	VLSMX
AMYZF	- 0.47	EPASX

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
SCRYX	0.97	0.09	0.01	0.99	0.96	(1.10)	2.39	(1.69)	7.88
MSTSX	0.49	(0.03)	(0.09)	0.05	0.52	(0.59)	1.21	(1.02)	2.80
MURIX	0.39	(0.01)	0.00	0.21	0.00	0.00	0.80	(0.93)	3.44
EPASX	0.77	0.01	(0.08)	0.04	1.02	(0.83)	1.54	(1.67)	6.54
SVII	0.20	(0.02)	(0.11)	0.00	0.39	(0.32)	0.44	(0.53)	4.77
VLSMX	0.36	(0.03)	(0.14)	0.03	0.44	(0.38)	0.77	(0.76)	2.22
KNF	1.58	0.26	0.15	0.22	1.88	(1.66)	4.01	(2.46)	12.96
AMYZF	3.86	(0.16)	0.00	1.86	0.00	0.00	7.41	(8.75)	21.04
FPCG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SLDBX	0.11	0.00	(0.58)	(0.19)	0.00	(0.16)	0.21	(0.21)	0.73

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