Stone Ridge Correlations

LIAK Etf

200.68 0.00 0.00%

The current 90-days correlation between Stone Ridge and Stone Ridge is 0.83 (i.e., Very poor diversification). 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.

Stone Ridge Correlation With Market

Poor diversification

The correlation between Stone Ridge and DJI is 0.77 (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

0.82	CPST	Calamos ETF Trust	Pair Corr
0.81	ITDD	iShares Trust	Pair Corr
0.89	AADR	AdvisorShares Dorsey	Pair Corr
0.85	FTSM	First Trust Enhanced	Pair Corr
0.75	BALI	Blackrock Advantage Large	Pair Corr
0.84	NBSD	Neuberger Berman ETF	Pair Corr
0.79	IBDT	iShares iBonds Dec	Pair Corr
0.65	MYCJ	SPDR SSGA My2030	Pair Corr
0.76	MSFD	Direxion Daily MSFT	Pair Corr
0.88	GDMN	WisdomTree Efficient Gold	Pair Corr
0.91	FJP	First Trust Japan	Pair Corr
0.68	BSV	Vanguard Short Term	Pair Corr
0.75	VWO	Vanguard FTSE Emerging	Pair Corr
0.83	QWLD	SPDR MSCI World	Pair Corr
0.86	SPEU	SPDR Portfolio Europe	Pair Corr
0.73	PNOV	Innovator SP 500	Pair Corr
0.88	BOTT	Themes Robotics Auto	Pair Corr
0.79	MYCH	SPDR SSGA My2028	Pair Corr
0.78	OCTM	FT Vest Equity	Pair Corr
0.8	LCR	Managed Portfolio Series	Pair Corr
0.8	SDCP	Virtus ETF Trust	Pair Corr
0.75	VIG	Vanguard Dividend Sell-off Trend	Pair Corr
0.82	VBK	Vanguard Small Cap	Pair Corr
0.88	IJS	iShares SP Small	Pair Corr
0.7	XHB	SPDR SP Homebuilders	Pair Corr
0.92	MYMI	SPDR SSGA My2029	Pair Corr
0.77	RWX	SPDR Dow Jones	Pair Corr
0.75	HISF	First Trust High	Pair Corr
0.73	EIPI	First Trust Exchange	Pair Corr
0.86	SPTU	SPDR Series Trust	Pair Corr
0.62	MILK	Pacer Cash Cows	Pair Corr
0.67	VTI	Vanguard Total Stock	Pair Corr
0.81	SHLD	Global X Defense	Pair Corr
0.87	IWDL	ETRACS 2x Leveraged	Pair Corr
0.85	YMAR	First Trust Exchange	Pair Corr

Moving against Stone Etf

0.73

MPAY

Exchange Traded Concepts

Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.32	0.12	0.19	0.01	-0.27	0.36	0.17	-0.09	0.03	META
MSFT	0.32		0.74	-0.47	0.28	0.38	0.44	-0.02	-0.8	-0.72	MSFT
UBER	0.12	0.74		-0.44	0.33	0.57	0.1	-0.2	-0.8	-0.53	UBER
F	0.19	-0.47	-0.44		-0.48	-0.24	-0.01	0.3	0.63	0.62	F
T	0.01	0.28	0.33	-0.48		0.44	-0.25	-0.27	-0.37	-0.38	T
A	-0.27	0.38	0.57	-0.24	0.44		-0.1	-0.13	-0.33	-0.54	A
CRM	0.36	0.44	0.1	-0.01	-0.25	-0.1		0.69	-0.15	-0.5	CRM
JPM	0.17	-0.02	-0.2	0.3	-0.27	-0.13	0.69		0.29	-0.13	JPM
MRK	-0.09	-0.8	-0.8	0.63	-0.37	-0.33	-0.15	0.29		0.68	MRK
XOM	0.03	-0.72	-0.53	0.62	-0.38	-0.54	-0.5	-0.13	0.68		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	+ 0.74	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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum 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.

Stone Ridge Trust Stone Ridge Stone Ridge Stone Ridge Stone Ridge Stone Ridge Stone Ridge Stone Ridge Stone Ridge American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne

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