Stone Ridge Correlations

LFDR Etf

191.57 0.43 0.22%

The current 90-days correlation between Stone Ridge Durable and Invesco SP SmallCap is 0.14 (i.e., Average 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

Significant diversification

The correlation between Stone Ridge Durable and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stone Ridge Durable and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Stone Etf

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

Moving together with Stone Etf

0.8	BND	Vanguard Total Bond Sell-off Trend	Pair Corr
0.69	AMPD	Tidal ETF Services	Pair Corr
0.76	IGEB	iShares Edge Investment	Pair Corr
0.7	ERET	iShares Environmentally	Pair Corr
0.9	LQIG	SPDR MarketAxess Inv	Pair Corr

Moving against Stone Etf

0.56	VUG	Vanguard Growth Index	Pair Corr
0.37	MPAY	Exchange Traded Concepts	Pair Corr

Related Correlations Analysis

	GSC	QLV	SMIZ	PY	EVUS	UJUN	XJUN	PSCI
GSC		0.81	0.92	0.67	0.91	0.83	0.88	0.94	GSC
QLV	0.81		0.77	0.72	0.87	0.76	0.81	0.84	QLV
SMIZ	0.92	0.77		0.72	0.93	0.87	0.82	0.95	SMIZ
PY	0.67	0.72	0.72		0.83	0.76	0.72	0.8	PY
EVUS	0.91	0.87	0.93	0.83		0.93	0.91	0.97	EVUS
UJUN	0.83	0.76	0.87	0.76	0.93		0.95	0.86	UJUN
XJUN	0.88	0.81	0.82	0.72	0.91	0.95		0.86	XJUN
PSCI	0.94	0.84	0.95	0.8	0.97	0.86	0.86		PSCI
	GSC	QLV	SMIZ	PY	EVUS	UJUN	XJUN	PSCI

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
GSC	0.80	0.09	0.05	(1.56)	0.91	(0.87)	1.80	(1.83)	5.42
QLV	0.31	0.05	0.03	(0.34)	0.33	(0.33)	0.60	(0.68)	2.23
SMIZ	0.76	0.01	0.02	0.05	0.87	(0.87)	1.46	(1.69)	5.18
PY	0.48	0.03	0.02	0.07	0.57	(0.52)	1.03	(0.92)	3.16
EVUS	0.51	0.05	0.07	0.11	0.55	(0.53)	0.93	(1.07)	2.80
UJUN	0.14	0.01	(0.08)	0.09	0.00	(0.16)	0.29	(0.29)	1.12
XJUN	0.11	0.02	(0.12)	(0.96)	0.00	(0.13)	0.25	(0.21)	0.81
PSCI	0.88	0.13	0.14	0.13	0.83	(1.00)	2.26	(1.81)	5.49

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