| SNDR Stock | | | USD 33.28 1.26 3.94% |
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 Net Working Capital and its Long Term Debt 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.
Net Working Capital vs Long Term Debt
Net Working Capital vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Schneider National Net Working Capital account and
Long Term Debt. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Schneider National's Net Working Capital and Long Term Debt is -0.02. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Long Term Debt 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 Net Working Capital and Long Term Debt 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 Working Capital of Schneider National are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Net Working Capital i.e., Schneider National's Net Working Capital and Long Term Debt go up and down completely randomly.
Correlation Coefficient | -0.02 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Net Working Capital
Long Term Debt
Long-term debt is a debt that Schneider National has held for over one year. Long-term debt appears on Schneider National balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Schneider National balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
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 11/26/2024,
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.