SLP vs. FWRD
SLP (Simulations Plus, Inc.) and FWRD (Forward Air Corporation) are both stocks. SLP operates in Health Information Services (Healthcare), while FWRD operates in Integrated Freight & Logistics (Industrials). Over the past 10 years, SLP returned 9.36%/yr vs -10.39%/yr for FWRD. Their 0.09 correlation means their historical movements had little consistent relationship.
Performance
SLP vs. FWRD - Performance Comparison
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Returns By Period
Over the past 10 years, SLP has outperformed FWRD with an annualized return of 9.36%, while FWRD has yielded a comparatively lower -10.39% annualized return.
SLP
- 1D
- -0.38%
- 1M
- -0.87%
- 6M
- 7.93%
- YTD
- 0.00%
- 1Y
- 42.42%
- 3Y*
- -28.74%
- 5Y*
- -17.04%
- 10Y*
- 9.36%
- ALL TIME*
- 10.22%
FWRD
- 1D
- -0.99%
- 1M
- 4.46%
- 6M
- -49.61%
- YTD
- -43.80%
- 1Y
- -51.87%
- 3Y*
- -50.75%
- 5Y*
- -30.43%
- 10Y*
- -10.39%
- ALL TIME*
- 6.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $13.52M | $10.52M | $17.25M | |
| $10.86M | $8.86M | $8.44M |
SLP vs. FWRD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SLP Simulations Plus, Inc. | 0.00% | -34.64% | -37.40% | 23.09% | -22.28% | -33.93% | 148.64% | 47.45% | 25.26% | 69.51% |
FWRD Forward Air Corporation | -43.80% | -22.48% | -48.70% | -39.34% | -12.56% | 59.42% | 11.27% | 29.00% | -3.49% | 22.67% |
Correlation
The correlation between SLP and FWRD is 0.15, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.15 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.26 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 1997 | 0.09 |
The correlation between SLP and FWRD shifts across timeframes, from 0.09 (all time) to 0.26 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
SLP:
$368.70M
FWRD:
$444.33M
SLP:
$0.40
FWRD:
-$4.43
SLP:
4.49
FWRD:
0.12
SLP:
$82.06M
FWRD:
$2.46B
SLP:
$52.01M
FWRD:
$568.61M
SLP:
$13.91M
FWRD:
$107.29M
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Return for Risk
SLP vs. FWRD — Risk / Return Rank
SLP
FWRD
SLP vs. FWRD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simulations Plus, Inc. (SLP) and Forward Air Corporation (FWRD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SLP | FWRD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.46 | ||
| Sortino ratioReturn per unit of downside risk | +2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.91 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | -0.73 | +1.61 |
| Martin ratioReturn relative to average drawdown | 1.82 | -1.41 | +3.23 |
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Drawdowns
SLP vs. FWRD - Drawdown Comparison
The maximum SLP drawdown since its inception was -90.32%, roughly equal to the maximum FWRD drawdown of -93.19%. Use the drawdown chart below to compare losses from any high point for SLP and FWRD.
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Drawdown Indicators
| SLP | FWRD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.32% | -93.19% | +2.87% |
Max Drawdown (1Y)Largest decline over 1 year | -45.49% | -73.84% | +28.35% |
Max Drawdown (3Y)Largest decline over 3 years | -77.81% | -92.46% | +14.65% |
Max Drawdown (5Y)Largest decline over 5 years | -82.81% | -93.19% | +10.38% |
Max Drawdown (10Y)Largest decline over 10 years | -87.06% | -93.19% | +6.13% |
Current DrawdownCurrent decline from peak | -79.24% | -88.48% | +9.24% |
Average DrawdownAverage peak-to-trough decline | -46.33% | -27.12% | -19.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.01% | 38.25% | -16.24% |
Volatility
SLP vs. FWRD - Volatility Comparison
The current volatility for Simulations Plus, Inc. (SLP) is 1.11%, while Forward Air Corporation (FWRD) has a volatility of 26.85%. This indicates that SLP experiences smaller price fluctuations and is considered to be less risky than FWRD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLP | FWRD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 26.85% | -25.74% |
Volatility (6M)Calculated over the trailing 6-month period | 35.00% | 83.05% | -48.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.49% | 83.13% | -33.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.66% | 64.11% | -13.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.32% | 50.17% | -1.85% |
Dividends
SLP vs. FWRD - Dividend Comparison
Neither SLP nor FWRD has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FWRD Forward Air Corporation | 0.00% | 0.00% | 0.00% | 1.53% | 0.92% | 0.87% | 0.98% | 1.03% | 1.15% | 1.04% | 1.08% | 1.12% |
SLP Simulations Plus, Inc. | 0.00% | 0.00% | 0.65% | 0.54% | 0.66% | 0.51% | 0.33% | 0.83% | 1.21% | 1.30% | 2.07% | 2.02% |
Financials
SLP vs. FWRD - Financials Comparison
This section allows you to compare key financial metrics between Simulations Plus, Inc. and Forward Air Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
SLP vs. FWRD - Profitability Comparison
SLP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Simulations Plus, Inc. reported a gross profit of 15.13M and revenue of 21.89M. Therefore, the gross margin over that period was 69.1%.
FWRD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Forward Air Corporation reported a gross profit of 132.98M and revenue of 582.05M. Therefore, the gross margin over that period was 22.9%.
SLP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Simulations Plus, Inc. reported an operating income of 4.50M and revenue of 21.89M, resulting in an operating margin of 20.6%.
FWRD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Forward Air Corporation reported an operating income of 20.44M and revenue of 582.05M, resulting in an operating margin of 3.5%.
SLP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Simulations Plus, Inc. reported a net income of 3.58M and revenue of 21.89M, resulting in a net margin of 16.3%.
FWRD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Forward Air Corporation reported a net income of -34.32M and revenue of 582.05M, resulting in a net margin of -5.9%.
Frequently Asked Questions
SLP and FWRD have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FWRD has higher volatility (26.85%) compared to SLP (1.11%). In terms of maximum drawdown, SLP dropped -90.32% vs FWRD's -93.19%.
SLP currently has the higher Sharpe Ratio (0.81 vs -0.65), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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