Stone Ridge Correlations

LIAE Etf

211.61 0.52 0.25%

The current 90-days correlation between Stone Ridge 2050 and iShares Trust is 0.58 (i.e., Very weak 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

Excellent diversification

The correlation between Stone Ridge 2050 and DJI is -0.52 (i.e., Excellent 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.

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 2050. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Stone Etf

0.74	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.61	T	ATT Inc Earnings Call This Week	Pair Corr
0.66	HPQ	HP Inc	Pair Corr
0.73	PG	Procter Gamble	Pair Corr

Moving against Stone Etf

0.81	IBDQ	IShares	Pair Corr
0.79	BSCP	Invesco	Pair Corr
0.79	BSCQ	Invesco BulletShares 2026	Pair Corr
0.75	IBDR	iShares iBonds Dec	Pair Corr
0.67	IBDS	iShares iBonds Dec	Pair Corr
0.62	GDMN	WisdomTree Efficient Gold Low Volatility	Pair Corr
0.62	SLVR	Sprott Silver Miners	Pair Corr
0.62	WMT	Walmart Common Stock Sell-off Trend	Pair Corr
0.61	JNUG	Direxion Daily Junior Trending	Pair Corr
0.61	NUGT	Direxion Daily Gold	Pair Corr
0.58	GDXU	MicroSectors Gold Miners Trending	Pair Corr
0.57	AGQ	ProShares Ultra Silver Upward Rally	Pair Corr
0.5	SHNY	Microsectors Gold	Pair Corr
0.49	MUU	Direxion Daily MU Trending	Pair Corr
0.49	MULL	GraniteShares 2x Long Trending	Pair Corr
0.33	KORU	Direxion Daily South	Pair Corr
0.8	DD	Dupont De Nemours	Pair Corr
0.68	CSCO	Cisco Systems	Pair Corr
0.66	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.66	MRK	Merck Company	Pair Corr
0.55	JPM	JPMorgan Chase	Pair Corr
0.54	PFE	Pfizer Inc Sell-off Trend	Pair Corr
0.52	TRV	The Travelers Companies	Pair Corr
0.5	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.5	AXP	American Express Earnings Call This Week	Pair Corr
0.37	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.56	0.27	-0.24	0.15	-0.12	0.53	-0.07	-0.28	-0.32	META
MSFT	0.56		0.78	-0.55	0.52	0.25	0.35	-0.25	-0.84	-0.74	MSFT
UBER	0.27	0.78		-0.47	0.42	0.45	0.01	-0.39	-0.8	-0.51	UBER
F	-0.24	-0.55	-0.47		-0.64	-0.13	0.07	0.59	0.68	0.62	F
T	0.15	0.52	0.42	-0.64		0.55	-0.19	-0.41	-0.49	-0.64	T
A	-0.12	0.25	0.45	-0.13	0.55		-0.32	-0.22	-0.25	-0.37	A
CRM	0.53	0.35	0.01	0.07	-0.19	-0.32		0.54	-0.09	-0.33	CRM
JPM	-0.07	-0.25	-0.39	0.59	-0.41	-0.22	0.54		0.48	0.17	JPM
MRK	-0.28	-0.84	-0.8	0.68	-0.49	-0.25	-0.09	0.48		0.74	MRK
XOM	-0.32	-0.74	-0.51	0.62	-0.64	-0.37	-0.33	0.17	0.74		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

UBER	+ 0.78	MSFT
XOM	+ 0.74	MRK
MRK	+ 0.68	F
XOM	+ 0.62	F
JPM	+ 0.59	F
MSFT	+ 0.56	META

High negative correlations

MRK	- 0.84	MSFT
MRK	- 0.8	UBER
XOM	- 0.74	MSFT
XOM	- 0.64	T
T	- 0.64	F
F	- 0.55	MSFT

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	1.42	(0.21)	0.00	(0.14)	0.00	0.00	3.16	(2.67)	13.02
MSFT	1.04	(0.18)	0.00	(0.50)	0.00	0.00	1.78	(2.50)	4.90
UBER	1.45	(0.24)	0.00	(0.24)	0.00	0.00	2.60	(3.82)	10.23
F	1.50	0.11	0.10	0.14	1.32	(1.86)	3.69	(2.35)	16.30
T	0.87	(0.16)	0.00	(0.39)	0.00	0.00	1.53	(1.85)	4.30
A	1.21	(0.17)	0.00	(0.06)	0.00	0.00	2.90	(2.58)	7.85
CRM	1.51	(0.23)	0.00	(0.13)	0.00	0.00	3.22	(3.10)	12.37
JPM	1.13	(0.11)	0.00	(0.01)	0.00	0.00	2.00	(3.11)	7.38
MRK	1.24	0.31	0.21	0.48	1.09	(1.53)	3.59	(1.98)	8.09
XOM	1.07	0.28	0.18	4.20	0.95	(1.22)	2.38	(1.51)	5.82

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