Schrodinger Correlations

SDGR Stock

USD 18.68 0.76 4.24%

The current 90-days correlation between Schrodinger and Doximity is 0.02 (i.e., Significant diversification). 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 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.

Schrodinger Correlation With Market

Very weak diversification

The correlation between Schrodinger and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Schrodinger 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 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.

Moving together with Schrodinger Stock

0.69	VREX	Varex Imaging Corp Fiscal Year End 12th of November 2024	Pair Corr
0.64	EDAP	EDAP TMS SA	Pair Corr
0.7	EMBC	Embecta Corp Fiscal Year End 19th of November 2024	Pair Corr
0.91	ENOV	Enovis Corp	Pair Corr
0.61	FLGT	Fulgent Genetics	Pair Corr
0.68	AGL	agilon health	Pair Corr
0.74	AMN	AMN Healthcare Services	Pair Corr
0.79	XAIR	Beyond Air	Pair Corr
0.83	BKD	Brookdale Senior Living	Pair Corr
0.81	FONR	Fonar	Pair Corr
0.73	FORA	Forian Inc	Pair Corr

Moving against Schrodinger Stock

0.7	DOCS	Doximity	Pair Corr
0.67	ECOR	Electrocore LLC Upward Rally	Pair Corr
0.73	CHE	Chemed Corp Earnings Call This Week	Pair Corr
0.64	BVS	Bioventus	Pair Corr
0.51	CAH	Cardinal Health Sell-off Trend	Pair Corr
0.49	CVS	CVS Health Corp	Pair Corr
0.46	COO	Cooper Companies, Fiscal Year End 5th of December 2024	Pair Corr
0.32	BDX	Becton Dickinson Fiscal Year End 14th of November 2024	Pair Corr
0.31	ALC	Alcon AG	Pair Corr

Related Correlations Analysis

	VEEV	DOCS	AMWL	GEHC	TDOC	TXG	PGNY	CERT	HQY
VEEV		0.72	0.22	0.67	0.18	0.06	-0.43	-0.75	0.6	VEEV
DOCS	0.72		0.44	0.91	0.26	-0.06	-0.84	-0.85	0.62	DOCS
AMWL	0.22	0.44		0.57	0.63	-0.43	-0.44	-0.21	0.51	AMWL
GEHC	0.67	0.91	0.57		0.42	-0.09	-0.83	-0.76	0.65	GEHC
TDOC	0.18	0.26	0.63	0.42		-0.52	-0.16	0.08	0.73	TDOC
TXG	0.06	-0.06	-0.43	-0.09	-0.52		0.22	-0.11	-0.43	TXG
PGNY	-0.43	-0.84	-0.44	-0.83	-0.16	0.22		0.75	-0.45	PGNY
CERT	-0.75	-0.85	-0.21	-0.76	0.08	-0.11	0.75		-0.33	CERT
HQY	0.6	0.62	0.51	0.65	0.73	-0.43	-0.45	-0.33		HQY
	VEEV	DOCS	AMWL	GEHC	TDOC	TXG	PGNY	CERT	HQY

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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

GEHC	+ 0.91	DOCS
CERT	+ 0.75	PGNY
HQY	+ 0.73	TDOC
DOCS	+ 0.72	VEEV
GEHC	+ 0.67	VEEV
HQY	+ 0.65	GEHC

High negative correlations

CERT	- 0.85	DOCS
PGNY	- 0.84	DOCS
PGNY	- 0.83	GEHC
CERT	- 0.76	GEHC
CERT	- 0.75	VEEV
TXG	- 0.52	TDOC

Risk-Adjusted Indicators

There is a big difference between Schrodinger Stock performing well and Schrodinger 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 Schrodinger'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
VEEV	1.22	0.16	0.15	0.25	0.86	(1.63)	3.15	(1.77)	10.65
DOCS	1.88	0.60	0.30	0.73	1.32	(2.20)	2.88	(3.12)	42.30
AMWL	3.75	0.30	0.06	0.32	4.74	(4.17)	7.24	(7.20)	53.68
GEHC	1.05	0.06	0.05	0.15	1.09	(1.13)	2.36	(2.30)	6.28
TDOC	2.84	(0.12)	(0.02)	0.01	3.66	(2.72)	5.86	(4.68)	17.13
TXG	3.46	(0.41)	0.00	(0.05)	0.00	0.00	6.34	(6.91)	39.27
PGNY	2.66	(0.73)	0.00	(0.71)	0.00	0.00	3.71	(5.09)	38.70
CERT	2.12	(0.68)	0.00	(0.36)	0.00	0.00	3.48	(4.58)	15.46
HQY	1.72	0.08	0.06	0.13	2.17	(1.76)	3.41	(3.83)	12.74

Schrodinger Corporate Executives

Elected by the shareholders, the Schrodinger's board of directors comprises two types of representatives: Schrodinger inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Schrodinger. The board's role is to monitor Schrodinger's management team and ensure that shareholders' interests are well served. Schrodinger's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Schrodinger's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Geoffrey MBBS	Executive CFO	Profile
	Kenneth Lorton	Executive CTO	Profile

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