Stone Ridge Correlations
| LFAN Etf | 140.89 0.00 0.00% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Stone Ridge moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Stone Ridge moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Check out Correlation Analysis to better understand how to build diversified portfolios. 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. Related Correlations Analysis
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
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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 | 1.37 | (0.25) | 0.00 | (0.19) | 0.00 | 2.30 | 13.52 | |||
| MSFT | 0.89 | (0.11) | 0.00 | (0.10) | 0.00 | 1.78 | 5.08 | |||
| UBER | 1.47 | (0.34) | 0.00 | (0.25) | 0.00 | 2.60 | 10.51 | |||
| F | 1.51 | 0.13 | 0.08 | 0.16 | 1.68 | 3.38 | 16.30 | |||
| T | 0.96 | (0.21) | 0.00 | (0.71) | 0.00 | 1.61 | 5.75 | |||
| A | 1.20 | 0.11 | 0.09 | 0.18 | 1.20 | 2.34 | 11.03 | |||
| CRM | 1.51 | 0.09 | 0.04 | 0.16 | 1.93 | 3.66 | 9.91 | |||
| JPM | 1.07 | (0.04) | (0.01) | 0.04 | 1.41 | 2.00 | 7.02 | |||
| MRK | 1.41 | 0.44 | 0.32 | 0.61 | 0.96 | 4.85 | 11.45 | |||
| XOM | 0.94 | 0.06 | 0.00 | 0.31 | 0.98 | 1.96 | 4.99 |
Stone Ridge Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Stone Ridge etf to make a market-neutral strategy. Peer analysis of Stone Ridge could also be used in its relative valuation, which is a method of valuing Stone Ridge by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |