Stone Ridge Correlations

LFAU Etf

17.11 0.02 0.12%

The current 90-days correlation between Stone Ridge 2058 and Vanguard Total Stock is -0.12 (i.e., Good diversification). The correlation of Stone Ridge 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.

Stone Ridge Correlation With Market

Good diversification

The correlation between Stone Ridge 2058 and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stone Ridge 2058 and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Stone Ridge 2058. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Stone Etf

0.88	BND	Vanguard Total Bond	Pair Corr
0.81	VEA	Vanguard FTSE Developed	Pair Corr
0.8	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.79	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.64	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.61	VZ	Verizon Communications Aggressive Push	Pair Corr

Moving against Stone Etf

0.71	RSPY	Tuttle Capital Management	Pair Corr
0.69	DSJA	DSJA	Pair Corr
0.69	MEME	Roundhill Investments	Pair Corr
0.54	VUG	Vanguard Growth Index	Pair Corr
0.49	VTI	Vanguard Total Stock	Pair Corr
0.48	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.48	IVV	iShares Core SP	Pair Corr
0.48	VO	Vanguard Mid Cap	Pair Corr
0.48	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.46	VB	Vanguard Small Cap	Pair Corr
0.36	VTV	Vanguard Value Index	Pair Corr
0.74	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.61	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.59	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.48	WMT	Walmart Aggressive Push	Pair Corr
0.44	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.36	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.34	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr

Related Correlations Analysis

	VTI	SPY	BND	VTV	VUG	VO	VEA	VB	VWO
VTI		1.0	-0.72	0.96	0.99	0.99	-0.53	0.97	0.33	VTI
SPY	1.0		-0.72	0.96	0.99	0.98	-0.49	0.95	0.37	SPY
BND	-0.72	-0.72		-0.6	-0.76	-0.7	0.73	-0.66	-0.18	BND
VTV	0.96	0.96	-0.6		0.91	0.97	-0.4	0.95	0.37	VTV
VUG	0.99	0.99	-0.76	0.91		0.96	-0.56	0.94	0.33	VUG
VO	0.99	0.98	-0.7	0.97	0.96		-0.56	0.98	0.29	VO
VEA	-0.53	-0.49	0.73	-0.4	-0.56	-0.56		-0.56	0.37	VEA
VB	0.97	0.95	-0.66	0.95	0.94	0.98	-0.56		0.19	VB
VWO	0.33	0.37	-0.18	0.37	0.33	0.29	0.37	0.19		VWO
	VTI	SPY	BND	VTV	VUG	VO	VEA	VB	VWO

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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

SPY	+ 1.0	VTI
VUG	+ 0.99	VTI
VO	+ 0.99	VTI
VUG	+ 0.99	SPY
VO	+ 0.98	SPY
VB	+ 0.98	VO

High negative correlations

VUG	- 0.76	BND
BND	- 0.72	SPY
BND	- 0.72	VTI
VO	- 0.7	BND
VB	- 0.66	BND
VTV	- 0.6	BND

Stone Ridge Constituents Risk-Adjusted Indicators

There is a big difference between Stone Etf performing well and Stone Ridge ETF 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 Stone Ridge'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
VTI	0.56	0.01	0.00	0.14	0.64	(0.61)	1.07	(1.27)	4.07
SPY	0.54	0.01	(0.02)	0.14	0.64	(0.54)	1.12	(1.28)	3.77
BND	0.23	(0.01)	0.00	0.29	0.00	0.00	0.42	(0.60)	1.35
VTV	0.51	(0.01)	(0.06)	0.12	0.39	(0.60)	1.06	(0.78)	3.47
VUG	0.70	0.03	0.01	0.16	0.96	(0.67)	1.66	(2.03)	5.33
VO	0.56	0.06	0.07	0.20	0.38	(0.67)	1.33	(0.93)	3.56
VEA	0.63	(0.11)	0.00	(0.12)	0.00	0.00	1.21	(1.42)	3.86
VB	0.74	0.03	0.06	0.15	0.70	(0.79)	1.68	(1.21)	5.31
VWO	0.79	(0.01)	(0.09)	0.11	0.96	(0.86)	2.10	(1.70)	6.41

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