Schrodinger Correlations

SDGR Stock

USD 22.67 0.23 1.00%

The current 90-days correlation between Schrodinger and Doximity is 0.24 (i.e., Modest 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

Good diversification

The correlation between Schrodinger and DJI is -0.01 (i.e., Good 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

0.7	VEEV	Veeva Systems Class	Pair Corr
0.61	VSEE	VSee Health, Symbol Change	Pair Corr
0.71	NUTX	Nutex Health Earnings Call This Week	Pair Corr
0.66	HQY	HealthEquity	Pair Corr
0.69	PHR	Phreesia	Pair Corr
0.73	SLP	Simulations Plus	Pair Corr
0.66	GDRX	Goodrx Holdings Buyout Trend	Pair Corr
0.63	GEHC	GE HealthCare Techno	Pair Corr
0.69	PGNY	Progyny	Pair Corr

Moving against Schrodinger Stock

0.32	EVH	Evolent Health	Pair Corr
0.4	ZCMD	Zhongchao	Pair Corr

Related Correlations Analysis

	VEEV	DOCS	AMWL	GEHC	TDOC	TXG	PGNY	CERT	HQY
VEEV		0.48	0.4	0.43	0.31	-0.44	0.53	0.48	0.3	VEEV
DOCS	0.48		0.62	0.57	0.69	-0.66	0.48	0.48	0.51	DOCS
AMWL	0.4	0.62		0.86	0.77	-0.07	0.75	0.9	0.74	AMWL
GEHC	0.43	0.57	0.86		0.69	-0.17	0.82	0.81	0.78	GEHC
TDOC	0.31	0.69	0.77	0.69		-0.02	0.44	0.77	0.78	TDOC
TXG	-0.44	-0.66	-0.07	-0.17	-0.02		-0.32	0.07	0.05	TXG
PGNY	0.53	0.48	0.75	0.82	0.44	-0.32		0.74	0.66	PGNY
CERT	0.48	0.48	0.9	0.81	0.77	0.07	0.74		0.88	CERT
HQY	0.3	0.51	0.74	0.78	0.78	0.05	0.66	0.88		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

CERT	+ 0.9	AMWL
HQY	+ 0.88	CERT
GEHC	+ 0.86	AMWL
PGNY	+ 0.82	GEHC
CERT	+ 0.81	GEHC
HQY	+ 0.78	GEHC

High negative correlations

TXG	- 0.66	DOCS
TXG	- 0.44	VEEV
PGNY	- 0.32	TXG
TXG	- 0.17	GEHC
TXG	- 0.07	AMWL
TXG	- 0.02	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	1.37	0.12	0.10	0.42	1.55	(1.42)	2.87	(2.75)	10.69
DOCS	2.70	0.21	0.09	(0.46)	3.28	(2.79)	4.24	(5.44)	45.86
AMWL	3.62	0.00	0.00	(0.07)	0.00	0.00	7.67	(6.98)	30.99
GEHC	1.13	0.08	0.12	1.71	1.18	(1.29)	2.73	(2.10)	11.62
TDOC	3.19	(0.05)	0.00	(0.15)	0.00	0.00	7.03	(7.84)	22.38
TXG	2.93	(0.44)	0.00	16.07	0.00	0.00	4.94	(8.64)	25.31
PGNY	2.00	0.68	0.39	(1.30)	1.42	(2.34)	4.11	(2.95)	19.60
CERT	2.03	0.04	0.04	0.12	2.28	(2.38)	4.70	(3.72)	16.63
HQY	1.68	(0.08)	0.00	(0.15)	0.00	0.00	2.58	(2.85)	20.73

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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