Stone Ridge Correlations

Etfs . USA . 
Etf . Stone Ridge
LIAG Etf   190.45  0.00  0.00%   
The current 90-days correlation between Stone Ridge and Stone Ridge is 0.72 (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

Poor diversification

The correlation between Stone Ridge and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stone Ridge 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. 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

  0.76CPST Calamos ETF TrustPairCorr
  0.77ITDD iShares TrustPairCorr
  0.89AADR AdvisorShares DorseyPairCorr
  0.79FTSM First Trust EnhancedPairCorr
  0.73BALI Blackrock Advantage LargePairCorr
  0.8NBSD Neuberger Berman ETFPairCorr
  0.75IBDT iShares iBonds DecPairCorr
  0.61MYCJ SPDR SSGA My2030PairCorr
  0.72MSFD Direxion Daily MSFTPairCorr
  0.9GDMN WisdomTree Efficient GoldPairCorr
  0.88FJP First Trust JapanPairCorr
  0.62BSV Vanguard Short TermPairCorr
  0.78VWO Vanguard FTSE EmergingPairCorr
  0.79QWLD SPDR MSCI WorldPairCorr
  0.83SPEU SPDR Portfolio EuropePairCorr
  0.67PNOV Innovator SP 500PairCorr
  0.93BOTT Themes Robotics AutoPairCorr
  0.75MYCH SPDR SSGA My2028PairCorr
  0.71OCTM FT Vest EquityPairCorr
  0.74LCR Managed Portfolio SeriesPairCorr
  0.75SDCP Virtus ETF TrustPairCorr
  0.67VIG Vanguard Dividend Sell-off TrendPairCorr
  0.76VBK Vanguard Small CapPairCorr
  0.83IJS iShares SP SmallPairCorr
  0.66XHB SPDR SP HomebuildersPairCorr
  0.9MYMI SPDR SSGA My2029PairCorr
  0.78RWX SPDR Dow JonesPairCorr
  0.71HISF First Trust HighPairCorr
  0.8EIPI First Trust ExchangePairCorr
  0.8SPTU SPDR Series TrustPairCorr
  0.65MILK Pacer Cash CowsPairCorr
  0.79SHLD Global X DefensePairCorr
  0.82IWDL ETRACS 2x LeveragedPairCorr
  0.8YMAR First Trust ExchangePairCorr

Moving against Stone Etf

  0.62MPAY Exchange Traded ConceptsPairCorr

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

UBER
+ 0.74
MSFT
JPM
+ 0.69
CRM
XOM
+ 0.68
MRK
MRK
+ 0.63
F
XOM
+ 0.62
F
A
+ 0.57
UBER
  

High negative correlations

MRK
- 0.8
UBER
MRK
- 0.8
MSFT
XOM
- 0.72
MSFT
XOM
- 0.54
A
XOM
- 0.53
UBER
XOM
- 0.5
CRM

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.60  0.02  0.00 (0.36) 2.40 
(1.68)
 3.43 
(2.67)
 13.02 
MSFT  1.23 (0.32) 0.00 (1.41) 0.00 
 0.00 
 1.85 
(2.70)
 13.28 
UBER  1.46 (0.30) 0.00 (0.36) 0.00 
 0.00 
 2.46 
(3.82)
 10.23 
F  1.28  0.03  0.00  0.26  1.46 
(1.46)
 3.38 
(2.35)
 7.16 
T  0.96  0.05  0.02  0.23  1.04 
(1.03)
 1.85 
(1.85)
 3.77 
A  1.19 (0.17) 0.00 (0.37) 0.00 
 0.00 
 2.90 
(2.58)
 7.85 
CRM  1.54 (0.30) 0.00 (0.25) 0.00 
 0.00 
 2.94 
(4.26)
 12.37 
JPM  1.09 (0.03)(0.01) 0.01  1.67 
(1.09)
 1.88 
(3.11)
 7.38 
MRK  1.28  0.33  0.24  0.50  1.13 
(1.56)
 3.59 
(1.98)
 8.09 
XOM  1.08  0.31  0.23  3.83  0.95 
(1.26)
 2.38 
(1.51)
 5.82 

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
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