Stone Ridge Competition

SHRMX Fund

USD 9.03 0.01 0.11%

Stone Ridge High competes with Stone Ridge, Stone Ridge, Stone Ridge, and Tiaa-cref Lifecycle; as well as few others. The fund is listed under Miscellaneous Fixed Income category and is part of STONE RIDGE family. Analyzing Stone Ridge competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Stone Ridge to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Stone Ridge Correlation with its peers.

Stone Ridge vs Janus Short-term Correlation

Almost no diversification

The correlation between Stone Ridge High and JASBX is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stone Ridge High and JASBX in the same portfolio, assuming nothing else is changed.

Moving together with Stone Mutual Fund

1.0	SHRIX	Stone Ridge High	Pair Corr
0.8	MISHX	Ab Municipal Income	Pair Corr

Moving against Stone Mutual Fund

0.69	SRDBX	Stone Ridge Diversified	Pair Corr
0.4	SRDAX	Stone Ridge Diversified	Pair Corr

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Hype

Prediction

Low	Estimated	High
8.97	9.03	9.09

Details

Intrinsic

Valuation

Low	Real	High
8.13	9.63	9.69

Details

Stone Ridge Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Stone Ridge and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Stone and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Stone Ridge High does not affect the price movement of the other competitor.

	SHRIX	SHRMX	SRDAX	SRDBX	TTFRX	SOAAX	SOAEX	TSDFX	MMSCX	JASBX
SHRIX		1.0	-0.41	-0.69	0.9	0.25	0.26	0.94	0.69	0.91	SHRIX
SHRMX	1.0		-0.4	-0.69	0.9	0.25	0.26	0.94	0.69	0.91	SHRMX
SRDAX	-0.41	-0.4		0.64	-0.46	-0.37	-0.46	-0.4	-0.34	-0.35	SRDAX
SRDBX	-0.69	-0.69	0.64		-0.64	-0.49	-0.57	-0.68	-0.63	-0.6	SRDBX
TTFRX	0.9	0.9	-0.46	-0.64		0.27	0.14	0.82	0.79	0.84	TTFRX
SOAAX	0.25	0.25	-0.37	-0.49	0.27		0.73	0.37	0.55	0.3	SOAAX
SOAEX	0.26	0.26	-0.46	-0.57	0.14	0.73		0.37	0.18	0.22	SOAEX
TSDFX	0.94	0.94	-0.4	-0.68	0.82	0.37	0.37		0.65	0.95	TSDFX
MMSCX	0.69	0.69	-0.34	-0.63	0.79	0.55	0.18	0.65		0.69	MMSCX
JASBX	0.91	0.91	-0.35	-0.6	0.84	0.3	0.22	0.95	0.69		JASBX
	SHRIX	SHRMX	SRDAX	SRDBX	TTFRX	SOAAX	SOAEX	TSDFX	MMSCX	JASBX

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High positive correlations

SHRMX	+ 1.0	SHRIX
JASBX	+ 0.95	TSDFX
TSDFX	+ 0.94	SHRIX
TSDFX	+ 0.94	SHRMX
JASBX	+ 0.91	SHRIX
JASBX	+ 0.91	SHRMX

High negative correlations

SRDBX	- 0.69	SHRMX
SRDBX	- 0.69	SHRIX
TSDFX	- 0.68	SRDBX
TTFRX	- 0.64	SRDBX
MMSCX	- 0.63	SRDBX
JASBX	- 0.6	SRDBX

Risk-Adjusted Indicators

There is a big difference between Stone Mutual Fund performing well and Stone Ridge Mutual Fund 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
SHRIX	0.06	0.03	0.00	(3.40)	0.00	0.00	0.11	(0.11)	0.23
SHRMX	0.06	0.00	0.00	0.00	0.00	0.00	0.11	0.00	0.23
SRDAX	0.46	0.01	(0.04)	0.01	1.32	(0.55)	0.41	(0.41)	16.73
SRDBX	0.19	(0.01)	0.00	0.26	0.00	0.00	0.41	(0.41)	1.23
TTFRX	0.60	0.10	0.12	0.21	0.44	(0.73)	1.00	(1.14)	8.66
SOAAX	0.53	0.14	0.10	(1.78)	0.45	(0.56)	1.35	(0.97)	2.94
SOAEX	0.90	0.08	0.03	0.37	1.22	(0.93)	1.87	(1.53)	6.83
TSDFX	0.07	0.01	(0.46)	(1.91)	0.00	(0.14)	0.21	(0.10)	0.41
MMSCX	0.92	0.37	0.33	(1.17)	0.28	(1.21)	2.07	(1.26)	11.04
JASBX	0.09	0.01	(0.14)	0.87	0.00	(0.35)	0.35	(0.34)	0.69

Stone Ridge Competitive Analysis

The better you understand Stone Ridge competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Stone Ridge's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Stone Ridge's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	SHRMX	SHRIX	SRDAX	SRDBX	TTFRX	SOAAX	SOAEX	TSDFX	MMSCX	JASBX
	0.11 9.03 Stone	0.22 9.01 Stone	0.31 9.81 Stone	0.21 9.75 Stone	0.19 15.70 Tiaa-cref	1.15 8.76 Spirit	1.94 12.61 Spirit	0.10 9.79 Tiaa-cref	1.27 11.20 Praxis	0.00 2.91 Janus
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Not too volatile	Very steady	Very steady	Very steady	Very steady	Very steady	Not too volatile	Very steady
Market Performance (90 Days Performance)	Prime	Prime	Weakest	Weakest	Good	Solid	Fair	Solid	Solid	Fair
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Under Valued	Fairly Valued	Over Valued	Over Valued	Under Valued	Fairly Valued	Fairly Valued	Over Valued	Under Valued	Over Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Buy	Cautious Hold	Strong Sell	Sell	Strong Buy	Cautious Hold	Hold	Strong Sell	Hold	Strong Sell
Net Asset	926.95 M	767.29 M	1.02 B	1.02 B	3 B	92.49 M	590.39 M	28.57 M	209.61 M	734.16 M
Minimum Initial Investment	10 M	N/A	500 K	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Price To Book	N/A	N/A	N/A	N/A	2.17	2.24	N/A	N/A	2.81	N/A
Five Year Return	9.55	9.65	N/A	N/A	8.54	3.99	21.15	2.42	4.21	2.16
One Year Return	15.08	15.25	N/A	N/A	16.67	4.38	17.02	6.01	11.1	5.69
Last Dividend Paid	0.05	0.05	0.26	N/A	0.32	0.43	0.25	0.01	N/A	N/A
Price To Earning	N/A	N/A	N/A	N/A	18.63	28.7	N/A	N/A	25.49	N/A
Price To Sales	N/A	N/A	N/A	N/A	1.41	5.14	N/A	N/A	1.81	N/A
Cash Position Weight	4.78	3.91	46.54	19.06	2.43	0.13	0.59	7.6	0.76	3.94
Equity Positions Weight	2.92	4.45	8.02	-10.21	83.68	97.51	99.41	N/A	98.31	N/A
Three Year Return	16.04	16.17	N/A	N/A	15.67	4.58	16.94	5.25	9.02	5.34
Annual Yield	0.0037	0.0042	0.0872	0.0838	0.0155	0.1	0.13	0.0416	0.0041	0.0449
Year To Date Return	1.12	1.12	N/A	N/A	3.02	7.26	16.98	0.76	7.9	0.49
Bond Positions Weight	87.8	56.23	27.36	N/A	1.69	N/A	N/A	16.98	N/A	7.12
Ten Year Return	N/A	N/A	N/A	N/A	9.32	7.32	N/A	N/A	6.38	1.76
Daily Balance Of Power	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	0.0
Day Typical Price	9.03	9.01	9.81	9.75	15.7	8.76	12.61	9.79	11.2	2.91
Period Momentum Indicator	0.01	0.02	0.03	0.02	0.03	0.1	0.24	0.01	0.14	N/A
Rate Of Daily Change	1.0	1.0	1.0	1.0	1.0	1.01	1.02	1.0	1.01	1.0
Day Median Price	9.03	9.01	9.81	9.75	15.7	8.76	12.61	9.79	11.2	2.91
Price Action Indicator	0.005	0.01	0.015	0.01	0.015	0.05	0.12	0.005	0.07	N/A
Coefficient Of Variation	155.01	177.83	15943.82	(5,721)	686.93	475.13	1143.26	464.29	411.39	1045.22
Mean Deviation	0.0554	0.0612	0.457	0.1948	0.5954	0.5288	0.9028	0.0669	0.9239	0.0902
Total Risk Alpha	0.0246	0.024	(0.11)	(0.03)	0.0668	0.085	0.0061	0.0033	0.2441	(0.01)
Jensen Alpha	N/A	0.0297	0.0057	(0.01)	0.1041	0.1415	0.0812	0.0106	0.3741	0.0054
Sortino Ratio	N/A	N/A	(0.04)	N/A	0.12	0.1021	0.0273	(0.46)	0.3262	(0.14)
Downside Variance	N/A	N/A	2.5	N/A	0.523	0.5672	1.82	0.0116	0.823	0.1433
Standard Deviation	0.0606	0.0697	1.49	0.2488	1.08	0.6978	1.22	0.0943	1.51	0.1655
Kurtosis	(0.84)	(0.24)	30.77	0.0332	25.93	(0.1)	4.09	2.31	18.7	1.58
Potential Upside	0.1133	0.1136	0.4137	0.4149	1.0	1.35	1.87	0.206	2.07	0.3472
Maximum Drawdown	0.2262	0.2273	16.73	1.23	8.66	2.94	6.83	0.4134	11.04	0.6945
Treynor Ratio	N/A	(3.40)	0.0061	0.2628	0.2063	(1.78)	0.3737	(1.91)	(1.17)	0.8712
Variance	0.0037	0.0049	2.23	0.0619	1.16	0.4869	1.49	0.0089	2.27	0.0274
Market Risk Adjusted Performance	N/A	(3.39)	0.0161	0.2728	0.2163	(1.77)	0.3837	(1.90)	(1.16)	0.8812
Risk Adjusted Performance	0.3975	0.348	0.0097	(0.04)	0.12	0.1683	0.074	0.0982	0.2008	0.0385
Skewness	0.0384	(0.01)	0.8833	(0.21)	4.03	(0.01)	(1.06)	1.21	3.38	0.1469
Semi Deviation	N/A	N/A	1.32	N/A	0.4416	0.4477	1.22	0.0	0.285	0.0
Information Ratio	(0.51)	(0.44)	(0.04)	(0.30)	0.0806	0.1102	0.0302	(0.53)	0.1966	(0.33)
Value At Risk	N/A	(0.11)	(0.41)	(0.41)	(1.14)	(0.97)	(1.53)	(0.10)	(1.26)	(0.34)
Expected Short fall	N/A	N/A	(0.55)	N/A	(0.73)	(0.56)	(0.93)	(0.14)	(1.21)	(0.35)
Downside Deviation	N/A	N/A	1.58	N/A	0.7232	0.7531	1.35	0.1075	0.9072	0.3786
Semi Variance	N/A	N/A	1.75	N/A	0.195	0.2004	1.48	(0.02)	0.0812	(0)

Stone Ridge Competition Performance Charts

Five steps to successful analysis of Stone Ridge Competition

Stone Ridge's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Stone Ridge High in relation to its competition. Stone Ridge's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Stone Ridge in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Stone Ridge's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Stone Ridge High, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Stone Ridge position

In addition to having Stone Ridge in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Toys

Companies producing and distributing toys and different gaming products for kids. The Toys theme has 38 constituents at this time.

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Other Information on Investing in Stone Mutual Fund

Stone Ridge financial ratios help investors to determine whether Stone Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Stone with respect to the benefits of owning Stone Ridge security.

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