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 0.72 (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

0.61	ITWO	Proshares Russell 2000	Pair Corr
0.77	AMPD	Tidal ETF Services	Pair Corr
0.68	ELON	Battleshares TSLA	Pair Corr
0.71	CPST	Calamos ETF Trust	Pair Corr
0.88	FSZ	First Trust Switzerland	Pair Corr
0.86	VIGI	Vanguard International	Pair Corr
0.87	IBTF	IShares	Pair Corr
0.91	DURA	VanEck Morningstar	Pair Corr
0.92	MMIN	IQ MacKay Municipal	Pair Corr
0.84	PRN	Invesco DWA Industrials	Pair Corr
0.89	SCHF	Schwab International	Pair Corr
0.83	WSML	iShares MSCI World	Pair Corr
0.64	SNPE	Xtrackers SP 500	Pair Corr
0.91	SCHD	Schwab Dividend Equity	Pair Corr
0.87	FXN	First Trust Energy	Pair Corr
0.64	FMAY	First Trust Exchange	Pair Corr
0.93	FMB	First Trust Managed	Pair Corr
0.8	BWX	SPDR Bloomberg Inter	Pair Corr
0.88	NOBL	ProShares SP 500	Pair Corr
0.88	PID	Invesco International	Pair Corr
0.9	TPHD	Timothy Plan High	Pair Corr
0.75	PAPR	Innovator SP 500	Pair Corr
0.9	MEMS	Matthews Emerging Markets	Pair Corr
0.81	VIG	Vanguard Dividend	Pair Corr
0.68	ECH	iShares MSCI Chile	Pair Corr
0.68	GJUN	First Trust Exchange	Pair Corr
0.89	FLSW	Franklin FTSE Switzerland	Pair Corr
0.86	EMLP	First Trust North	Pair Corr
0.75	SNAV	Collaborative Investment	Pair Corr
0.7	ITA	iShares Aerospace Defense	Pair Corr
0.92	STOT	SPDR DoubleLine Short	Pair Corr
0.64	TXUG	Thornburg International	Pair Corr
0.8	EWI	iShares MSCI Italy	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		-0.24	-0.29	0.37	0.12	-0.39	-0.04	0.35	0.3	0.32	META
MSFT	-0.24		0.83	-0.59	-0.8	0.77	0.89	0.15	-0.88	-0.93	MSFT
UBER	-0.29	0.83		-0.54	-0.69	0.83	0.68	0.0	-0.8	-0.81	UBER
F	0.37	-0.59	-0.54		0.25	-0.5	-0.36	0.23	0.74	0.65	F
T	0.12	-0.8	-0.69	0.25		-0.58	-0.82	-0.2	0.63	0.7	T
A	-0.39	0.77	0.83	-0.5	-0.58		0.61	0.04	-0.7	-0.82	A
CRM	-0.04	0.89	0.68	-0.36	-0.82	0.61		0.46	-0.72	-0.86	CRM
JPM	0.35	0.15	0.0	0.23	-0.2	0.04	0.46		0.12	-0.15	JPM
MRK	0.3	-0.88	-0.8	0.74	0.63	-0.7	-0.72	0.12		0.89	MRK
XOM	0.32	-0.93	-0.81	0.65	0.7	-0.82	-0.86	-0.15	0.89		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

CRM	+ 0.89	MSFT
XOM	+ 0.89	MRK
UBER	+ 0.83	MSFT
A	+ 0.83	UBER
A	+ 0.77	MSFT
MRK	+ 0.74	F

High negative correlations

XOM	- 0.93	MSFT
MRK	- 0.88	MSFT
XOM	- 0.86	CRM
XOM	- 0.82	A
CRM	- 0.82	T
XOM	- 0.81	UBER

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	1.52	0.05	0.02	0.12	1.51	(1.78)	3.43	(2.81)	13.69
MSFT	1.34	(0.43)	0.00	(0.88)	0.00	0.00	1.90	(2.87)	13.28
UBER	1.61	(0.43)	0.00	(0.57)	0.00	0.00	2.46	(4.25)	11.09
F	1.23	0.05	0.03	0.12	1.22	(1.46)	3.34	(2.30)	7.16
T	1.02	0.20	0.11	(1.79)	0.92	(1.18)	3.87	(1.76)	7.44
A	1.26	(0.29)	0.00	(0.20)	0.00	0.00	2.90	(2.72)	7.85
CRM	1.71	(0.48)	0.00	(0.39)	0.00	0.00	2.94	(4.75)	12.37
JPM	1.24	(0.10)	(0.04)	0.00	1.80	(1.29)	2.34	(3.11)	7.38
MRK	1.28	0.41	0.28	0.75	0.98	(1.50)	2.93	(1.98)	8.74
XOM	1.30	0.38	0.22	3.43	1.12	(1.49)	2.90	(2.44)	6.83

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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