Stone Ridge Correlations

LIAE Etf

173.10 0.62 0.36%

The current 90-days correlation between Stone Ridge 2050 and Vanguard Short Term Inflation Protected is 0.77 (i.e., Poor 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.

Stone Ridge Correlation With Market

Modest diversification

The correlation between Stone Ridge 2050 and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stone Ridge 2050 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 2050. 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

0.83	BABX	GraniteShares 175x Long	Pair Corr
0.83	XPP	ProShares Ultra FTSE	Pair Corr
0.67	JNUG	Direxion Daily Junior	Pair Corr
0.68	GDXU	MicroSectors Gold Miners	Pair Corr
0.77	SHNY	Microsectors Gold	Pair Corr
0.76	DWLD	Davis Select Worldwide	Pair Corr
0.86	JOJO	Tidal ETF Trust	Pair Corr
0.71	XB	BondBloxx ETF Trust	Pair Corr
0.8	AGQI	First Trust Exchange	Pair Corr
0.67	MSFD	Direxion Daily MSFT	Pair Corr
0.87	JUCY	ETF Series Solutions	Pair Corr
0.76	GLTR	abrdn Physical Precious	Pair Corr
0.82	VEU	Vanguard FTSE All	Pair Corr
0.86	LFAL	Stone Ridge 2053	Pair Corr
0.87	IYK	iShares Consumer Staples	Pair Corr
0.93	CGSM	Capital Group Fixed	Pair Corr
0.9	EMHC	SPDR Bloomberg Barclays	Pair Corr
0.86	MYMH	SPDR SSGA My2028	Pair Corr
0.85	VGIT	Vanguard Intermediate	Pair Corr
0.71	PSLV	Sprott Physical Silver Earnings Call This Week	Pair Corr
0.89	VEMGF	Vanguard Funds Public	Pair Corr
0.88	PCRB	Putnam ETF Trust	Pair Corr
0.98	UTWY	US Treasury 20	Pair Corr
0.7	CRSH	Tidal Trust II	Pair Corr
0.89	IROC	IROC Symbol Change	Pair Corr
0.71	AAXJ	iShares MSCI All	Pair Corr
0.9	AGIH	iShares ETF Trust	Pair Corr
0.69	DFSE	Dimensional Emerging	Pair Corr
0.65	LDER	Stone Ridge Trust	Pair Corr
0.63	BKCI	BNY Mellon ETF	Pair Corr
0.81	IBIC	iShares Trust	Pair Corr

Moving against Stone Etf

0.57

GUSH

Direxion Daily SP

Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.04	0.59	-0.54	0.32	0.42	0.26	0.9	-0.75	-0.01	META
MSFT	-0.04		-0.62	0.09	-0.79	0.69	0.89	0.1	0.44	-0.52	MSFT
UBER	0.59	-0.62		-0.35	0.8	-0.25	-0.53	0.53	-0.85	0.54	UBER
F	-0.54	0.09	-0.35		-0.05	-0.04	-0.08	-0.39	0.56	0.31	F
T	0.32	-0.79	0.8	-0.05		-0.57	-0.71	0.17	-0.65	0.58	T
A	0.42	0.69	-0.25	-0.04	-0.57		0.79	0.62	0.1	-0.3	A
CRM	0.26	0.89	-0.53	-0.08	-0.71	0.79		0.33	0.24	-0.58	CRM
JPM	0.9	0.1	0.53	-0.39	0.17	0.62	0.33		-0.63	0.07	JPM
MRK	-0.75	0.44	-0.85	0.56	-0.65	0.1	0.24	-0.63		-0.31	MRK
XOM	-0.01	-0.52	0.54	0.31	0.58	-0.3	-0.58	0.07	-0.31		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

JPM	+ 0.9	META
CRM	+ 0.89	MSFT
T	+ 0.8	UBER
CRM	+ 0.79	A
A	+ 0.69	MSFT
JPM	+ 0.62	A

High negative correlations

MRK	- 0.85	UBER
T	- 0.79	MSFT
MRK	- 0.75	META
CRM	- 0.71	T
MRK	- 0.65	T
MRK	- 0.63	JPM

Stone Ridge Competition 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
META	1.59	0.02	0.00	(0.05)	0.00	0.00	2.57	(3.73)	8.90
MSFT	1.12	(0.15)	0.00	(0.28)	0.00	0.00	2.58	(2.14)	10.31
UBER	1.88	0.41	0.19	0.74	2.06	(2.04)	4.72	(3.13)	12.75
F	1.47	0.07	0.03	0.00	2.22	(1.39)	2.71	(2.89)	10.14
T	1.04	0.26	0.16	0.40	1.61	(1.11)	1.90	(1.75)	11.66
A	1.15	(0.15)	0.00	(0.23)	0.00	0.00	2.92	(2.59)	9.03
CRM	1.38	(0.27)	0.00	(0.31)	0.00	0.00	2.72	(3.81)	8.88
JPM	1.10	0.09	0.05	0.02	1.74	(1.04)	1.99	(3.35)	6.85
MRK	1.17	(0.11)	0.00	1.52	0.00	0.00	2.07	(1.80)	11.58
XOM	1.06	0.11	0.10	0.17	1.39	(1.08)	2.55	(2.36)	5.89

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