Schrodinger Net Invested Capital vs Common Stock Shares Outstanding Analysis

SDGR Stock

USD 22.57 0.56 2.54%

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 Net Invested Capital and its Common Stock Shares Outstanding 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.

Net Invested Capital vs Common Stock Shares Outstanding

Net Invested Capital vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Schrodinger Net Invested Capital account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Schrodinger's Net Invested Capital and Common Stock Shares Outstanding is 0.82. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Schrodinger, assuming nothing else is changed. The correlation between historical values of Schrodinger's Net Invested Capital and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Schrodinger are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Net Invested Capital i.e., Schrodinger's Net Invested Capital and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.82

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

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 11/29/2024, 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 Income	2.3M	1.1M	1.2M	1.3M
Net Interest Income	2.3M	1.1M	1.2M	1.3M

Interest Income Net Interest Income

Schrodinger fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Capital Surpluse	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital
Total Assets		0.71	0.95	0.99	0.97	0.98	0.79	0.98	-0.39	-0.86	0.84	0.92	0.83	0.74	0.85	0.98	0.88	0.96	0.91	0.97	0.03	0.96	0.84	0.98	0.66	0.99
Other Current Liab	0.71		0.79	0.65	0.58	0.61	0.92	0.73	-0.03	-0.82	0.95	0.62	0.95	0.84	0.78	0.62	0.78	0.82	0.78	0.6	0.16	0.82	0.77	0.67	0.7	0.65
Total Current Liabilities	0.95	0.79		0.9	0.86	0.89	0.89	0.98	-0.17	-0.94	0.89	0.82	0.9	0.87	0.95	0.88	0.98	0.93	0.95	0.87	0.22	0.93	0.96	0.94	0.8	0.9
Total Stockholder Equity	0.99	0.65	0.9		0.99	1.0	0.73	0.94	-0.45	-0.79	0.79	0.92	0.77	0.67	0.76	0.99	0.82	0.95	0.82	0.98	-0.13	0.95	0.76	0.99	0.52	1.0
Other Liab	0.97	0.58	0.86	0.99		0.99	0.65	0.91	-0.56	-0.73	0.76	0.95	0.71	0.62	0.71	0.99	0.78	0.92	0.8	0.97	-0.14	0.92	0.71	0.96	0.49	0.99
Net Tangible Assets	0.98	0.61	0.89	1.0	0.99		0.7	0.93	-0.46	-0.77	0.76	0.92	0.73	0.64	0.74	0.99	0.8	0.93	0.81	0.98	-0.14	0.93	0.75	0.98	0.5	1.0
Property Plant And Equipment Net	0.79	0.92	0.89	0.73	0.65	0.7		0.85	0.1	-0.97	0.94	0.62	0.99	0.83	0.89	0.69	0.9	0.89	0.86	0.7	0.2	0.89	0.9	0.79	0.77	0.73
Current Deferred Revenue	0.98	0.73	0.98	0.94	0.91	0.93	0.85		-0.26	-0.92	0.85	0.86	0.86	0.76	0.9	0.94	0.92	0.95	0.96	0.94	0.19	0.95	0.9	0.96	0.77	0.94
Net Debt	-0.39	-0.03	-0.17	-0.45	-0.56	-0.46	0.1	-0.26		-0.04	-0.19	-0.69	-0.03	-0.04	-0.07	-0.52	-0.07	-0.31	-0.18	-0.43	0.24	-0.3	0.05	-0.31	0.04	-0.45
Retained Earnings	-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
Accounts Payable	0.84	0.95	0.89	0.79	0.76	0.76	0.94	0.85	-0.19	-0.9		0.78	0.98	0.85	0.85	0.77	0.88	0.93	0.86	0.75	0.1	0.93	0.84	0.81	0.71	0.79
Cash	0.92	0.62	0.82	0.92	0.95	0.92	0.62	0.86	-0.69	-0.68	0.78		0.7	0.67	0.74	0.94	0.75	0.88	0.79	0.89	-0.01	0.87	0.67	0.87	0.55	0.92
Non Current Assets Total	0.83	0.95	0.9	0.77	0.71	0.73	0.99	0.86	-0.03	-0.95	0.98	0.7		0.85	0.88	0.74	0.89	0.92	0.87	0.73	0.15	0.92	0.88	0.81	0.75	0.77
Non Currrent Assets Other	0.74	0.84	0.87	0.67	0.62	0.64	0.83	0.76	-0.04	-0.82	0.85	0.67	0.85		0.93	0.61	0.93	0.74	0.79	0.57	0.29	0.74	0.89	0.72	0.76	0.67
Other Assets	0.85	0.78	0.95	0.76	0.71	0.74	0.89	0.9	-0.07	-0.92	0.85	0.74	0.88	0.93		0.74	0.97	0.83	0.91	0.72	0.4	0.83	0.96	0.82	0.88	0.76
Cash And Short Term Investments	0.98	0.62	0.88	0.99	0.99	0.99	0.69	0.94	-0.52	-0.77	0.77	0.94	0.74	0.61	0.74		0.78	0.94	0.85	0.99	-0.05	0.94	0.73	0.96	0.56	0.99
Net Receivables	0.88	0.78	0.98	0.82	0.78	0.8	0.9	0.92	-0.07	-0.94	0.88	0.75	0.89	0.93	0.97	0.78		0.87	0.91	0.77	0.27	0.87	0.99	0.88	0.82	0.82
Common Stock Total Equity	0.96	0.82	0.93	0.95	0.92	0.93	0.89	0.95	-0.31	-0.91	0.93	0.88	0.92	0.74	0.83	0.94	0.87		0.89	0.93	-0.03	1.0	0.83	0.95	0.64	0.95
Common Stock Shares Outstanding	0.91	0.78	0.95	0.82	0.8	0.81	0.86	0.96	-0.18	-0.91	0.86	0.79	0.87	0.79	0.91	0.85	0.91	0.89		0.84	0.41	0.89	0.92	0.85	0.9	0.82
Short Term Investments	0.97	0.6	0.87	0.98	0.97	0.98	0.7	0.94	-0.43	-0.78	0.75	0.89	0.73	0.57	0.72	0.99	0.77	0.93	0.84		-0.07	0.93	0.73	0.96	0.54	0.98
Non Current Liabilities Total	0.03	0.16	0.22	-0.13	-0.14	-0.14	0.2	0.19	0.24	-0.25	0.1	-0.01	0.15	0.29	0.4	-0.05	0.27	-0.03	0.41	-0.07		-0.03	0.36	-0.08	0.74	-0.13
Capital Surpluse	0.96	0.82	0.93	0.95	0.92	0.93	0.89	0.95	-0.3	-0.91	0.93	0.87	0.92	0.74	0.83	0.94	0.87	1.0	0.89	0.93	-0.03		0.84	0.95	0.64	0.95
Other Current Assets	0.84	0.77	0.96	0.76	0.71	0.75	0.9	0.9	0.05	-0.95	0.84	0.67	0.88	0.89	0.96	0.73	0.99	0.83	0.92	0.73	0.36	0.84		0.84	0.86	0.76
Other Stockholder Equity	0.98	0.67	0.94	0.99	0.96	0.98	0.79	0.96	-0.31	-0.86	0.81	0.87	0.81	0.72	0.82	0.96	0.88	0.95	0.85	0.96	-0.08	0.95	0.84		0.57	0.99
Total Liab	0.66	0.7	0.8	0.52	0.49	0.5	0.77	0.77	0.04	-0.81	0.71	0.55	0.75	0.76	0.88	0.56	0.82	0.64	0.9	0.54	0.74	0.64	0.86	0.57		0.52
Net Invested Capital	0.99	0.65	0.9	1.0	0.99	1.0	0.73	0.94	-0.45	-0.79	0.79	0.92	0.77	0.67	0.76	0.99	0.82	0.95	0.82	0.98	-0.13	0.95	0.76	0.99	0.52

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Schrodinger Account Relationship Matchups

Schrodinger fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	155.3M	746.3M	756.5M	688.6M	803.0M	523.0M
Other Current Liab	10.9M	8.6M	25.7M	13.9M	43.8M	45.9M
Total Current Liabilities	45.0M	73.2M	91.2M	108.8M	133.7M	78.1M
Total Stockholder Equity	(93.4M)	624.0M	557.1M	447.9M	548.6M	309.1M
Other Liab	3.1M	41.8M	30.4M	26.4M	30.4M	19.9M
Net Tangible Assets	(93.4M)	624.0M	557.1M	442.5M	508.9M	259.1M
Property Plant And Equipment Net	19.0M	15.3M	85.4M	120.2M	141.1M	148.2M
Current Deferred Revenue	25.1M	45.4M	55.4M	57.9M	56.2M	42.2M
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 Payable	3.5M	8.4M	8.1M	9.5M	16.8M	17.7M
Cash	26.0M	202.3M	120.3M	90.5M	155.3M	107.2M
Non Current Assets Total	36.7M	63.3M	131.4M	154.6M	235.2M	246.9M
Non Currrent Assets Other	2.3M	2.4M	2.9M	3.3M	6.0M	3.4M
Other Assets	2.3M	2.4M	2.9M	3.3M	3.8M	2.8M
Cash And Short Term Investments	85.8M	642.7M	576.5M	451.1M	463.0M	367.6M
Net Receivables	25.7M	35.4M	40.6M	69.1M	89.1M	45.2M
Common Stock Total Equity	59K	61K	699K	710K	816.5K	857.3K
Common Stock Shares Outstanding	63.3M	60.0M	70.6M	71.2M	75.0M	67.4M
Short Term Investments	59.8M	440.4M	456.2M	360.6M	307.7M	260.5M
Liabilities And Stockholders Equity	155.3M	746.3M	756.5M	688.6M	803.0M	523.0M
Non Current Liabilities Total	203.6M	49.0M	108.2M	131.9M	120.7M	98.8M
Capital Surpluse	8.9M	11.7M	752.6M	787.0M	905.0M	950.3M
Other Current Assets	6.5M	4.9M	8.0M	13.8M	15.7M	8.4M
Other Stockholder Equity	(179.9M)	752.6M	787.0M	828.7M	886.0M	447.2M
Total Liab	248.6M	122.2M	199.4M	240.7M	254.4M	213.9M
Net Invested Capital	(93.4M)	624.0M	557.1M	447.9M	548.6M	309.1M
Long Term Investments	15.4M	45.7M	43.2M	25.7M	83.3M	87.4M
Property Plant And Equipment Gross	19.0M	15.3M	85.4M	134.3M	159.3M	167.2M
Total Current Assets	118.5M	683.0M	625.1M	534.0M	567.8M	421.3M
Accumulated Other Comprehensive Income	16K	317K	(651K)	(2.4M)	281K	295.1K
Net Working Capital	73.5M	609.8M	533.8M	425.2M	434.1M	343.3M
Common Stock	61K	699K	710K	714K	722K	474.6K
Property Plant Equipment	19.0M	5.1M	10.0M	120.2M	138.3M	145.2M
Capital Stock	61K	699K	710K	714K	722K	543.6K

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 together with Schrodinger Stock

0.74

Guardant Health

Pair Corr

Moving against Schrodinger Stock

0.73

DRIO

DarioHealth Corp

Pair Corr

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 Correlation Correlation 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.

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