Schrodinger Correlations

SDGR Stock

USD 22.49 0.54 2.34%

The current 90-days correlation between Schrodinger and Teladoc is 0.36 (i.e., Weak 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

Modest diversification

The correlation between Schrodinger and DJI is 0.25 (i.e., Modest 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.

Build AI portfolio with Schrodinger Stock

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

0.8	EKSO	Ekso Bionics Holdings Earnings Call This Week	Pair Corr
0.72	TFX	Teleflex Incorporated Earnings Call This Week	Pair Corr
0.82	GCTK	GlucoTrack Trending	Pair Corr

Moving against Schrodinger Stock

0.65	DH	Definitive Healthcare	Pair Corr
0.65	VNRX	Volitionrx	Pair Corr
0.64	OM	Outset Medical	Pair Corr
0.6	LH	Laboratory	Pair Corr
0.59	DXCM	DexCom Inc	Pair Corr
0.57	VEEV	Veeva Systems Class	Pair Corr
0.42	EW	Edwards Lifesciences Corp	Pair Corr
0.38	VVOS	Vivos Therapeutics	Pair Corr
0.84	CAH	Cardinal Health	Pair Corr
0.68	ENSG	Ensign Group	Pair Corr
0.6	XTNT	Xtant Medical Holdings Earnings Call This Week	Pair Corr
0.59	FIGS	Figs Inc	Pair Corr
0.56	SYK	Stryker Earnings Call This Week	Pair Corr

Related Correlations Analysis

	TDOC	VEEV	TXG	GEHC	PGNY	BEAM	TWST	NTLA	CRSP
TDOC		0.56	0.85	0.75	0.39	0.49	0.47	0.79	0.85	TDOC
VEEV	0.56		0.81	0.75	-0.03	0.03	0.08	0.44	0.61	VEEV
TXG	0.85	0.81		0.84	0.2	0.38	0.36	0.8	0.88	TXG
GEHC	0.75	0.75	0.84		0.17	0.27	0.06	0.66	0.67	GEHC
PGNY	0.39	-0.03	0.2	0.17		0.68	0.52	0.38	0.37	PGNY
BEAM	0.49	0.03	0.38	0.27	0.68		0.58	0.64	0.6	BEAM
TWST	0.47	0.08	0.36	0.06	0.52	0.58		0.37	0.45	TWST
NTLA	0.79	0.44	0.8	0.66	0.38	0.64	0.37		0.93	NTLA
CRSP	0.85	0.61	0.88	0.67	0.37	0.6	0.45	0.93		CRSP
	TDOC	VEEV	TXG	GEHC	PGNY	BEAM	TWST	NTLA	CRSP

Click cells to compare fundamentals

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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

CRSP	+ 0.93	NTLA
CRSP	+ 0.88	TXG
TXG	+ 0.85	TDOC
CRSP	+ 0.85	TDOC
GEHC	+ 0.84	TXG
TXG	+ 0.81	VEEV

High negative correlations

PGNY

- 0.03

VEEV

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
TDOC	2.57	(0.08)	0.06	0.17	2.65	(2.88)	5.45	(5.04)	19.91
VEEV	1.43	0.26	0.19	0.48	0.93	(1.76)	2.60	(2.13)	21.21
TXG	3.01	0.59	0.20	0.52	3.18	(3.41)	7.11	(5.49)	16.59
GEHC	1.48	0.02	0.08	0.22	1.30	(1.74)	3.38	(3.03)	9.23
PGNY	1.75	(0.02)	(0.02)	0.18	2.55	(1.77)	3.21	(3.59)	17.54
BEAM	2.83	0.43	0.06	2.46	4.24	(2.90)	6.28	(4.15)	26.62
TWST	2.97	(0.50)	(0.04)	0.01	3.89	(3.20)	6.04	(7.89)	15.74
NTLA	4.15	0.90	0.15	0.85	5.45	(4.49)	8.60	(5.29)	36.46
CRSP	2.82	0.65	0.22	0.62	2.77	(3.32)	7.09	(4.35)	17.92

Schrodinger Corporate Management

Yvonne Esq	Chief Secretary	Profile
Jenny Herman	Senior Controller	Profile
Matt Repasky	Senior Products	Profile
Shane Brauner	Executive Officer	Profile

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