Stone Ridge Correlations

LIAK Etf

20.43 0.03 0.15%

The current 90-days correlation between Stone Ridge 2054 and Vanguard Short Term Inflation Protected is 0.55 (i.e., Very weak 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 2054 moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Stone Ridge 2054. 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

0.62	BSCQ	Invesco BulletShares 2026	Pair Corr
0.92	IBDS	iShares iBonds Dec	Pair Corr
0.76	BND	Vanguard Total Bond	Pair Corr
0.61	VEA	Vanguard FTSE Developed	Pair Corr
0.82	VZ	Verizon Communications Aggressive Push	Pair Corr
0.61	KO	Coca Cola Aggressive Push	Pair Corr
0.64	PFE	Pfizer Inc Aggressive Push	Pair Corr

Moving against Stone Etf

0.39	IBTD	IShares	Pair Corr
0.38	BSCN	Invesco	Pair Corr
0.33	VB	Vanguard Small Cap	Pair Corr
0.32	IBDO	IShares	Pair Corr
0.32	VUG	Vanguard Growth Index	Pair Corr
0.73	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.56	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.4	HPQ	HP Inc	Pair Corr
0.39	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.29	0.57	-0.02	0.6	0.02	0.68	0.28	-0.56	0.72	META
MSFT	0.29		0.24	0.12	0.2	-0.02	0.02	-0.17	0.11	-0.18	MSFT
UBER	0.57	0.24		-0.02	0.02	0.26	0.05	-0.1	0.04	0.36	UBER
F	-0.02	0.12	-0.02		0.0	-0.37	0.36	0.62	-0.24	0.29	F
T	0.6	0.2	0.02	0.0		-0.48	0.73	0.49	-0.76	0.39	T
A	0.02	-0.02	0.26	-0.37	-0.48		-0.48	-0.65	0.64	-0.01	A
CRM	0.68	0.02	0.05	0.36	0.73	-0.48		0.83	-0.92	0.68	CRM
JPM	0.28	-0.17	-0.1	0.62	0.49	-0.65	0.83		-0.83	0.51	JPM
MRK	-0.56	0.11	0.04	-0.24	-0.76	0.64	-0.92	-0.83		-0.57	MRK
XOM	0.72	-0.18	0.36	0.29	0.39	-0.01	0.68	0.51	-0.57		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

JPM	+ 0.83	CRM
CRM	+ 0.73	T
XOM	+ 0.72	META
CRM	+ 0.68	META
XOM	+ 0.68	CRM
MRK	+ 0.64	A

High negative correlations

MRK	- 0.92	CRM
MRK	- 0.83	JPM
MRK	- 0.76	T
JPM	- 0.65	A
XOM	- 0.57	MRK
MRK	- 0.56	META

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	1.05	0.00	(0.03)	0.12	1.40	(1.14)	2.62	(3.15)	8.02
MSFT	0.88	(0.08)	(0.07)	0.01	1.51	(0.82)	2.09	(1.85)	8.19
UBER	1.60	(0.14)	0.00	(0.02)	0.00	0.00	2.69	(2.44)	20.10
F	1.43	(0.12)	(0.02)	0.04	2.19	(1.43)	2.75	(2.90)	11.72
T	0.92	0.28	0.14	24.43	0.85	(1.04)	2.56	(1.72)	6.47
A	1.14	(0.13)	0.00	(0.12)	0.00	0.00	2.29	(2.42)	9.02
CRM	1.28	0.29	0.25	0.37	0.90	(1.52)	3.18	(1.91)	9.09
JPM	1.12	0.00	0.06	0.12	1.44	(1.17)	2.05	(2.00)	15.87
MRK	0.85	(0.26)	0.00	(1.12)	0.00	0.00	1.73	(2.13)	4.89
XOM	1.03	0.03	(0.01)	0.18	1.21	(1.11)	2.14	(2.09)	5.78

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Stone Ridge Correlations

Moving together with Stone Etf

Moving against Stone Etf

Related Correlations Analysis

Correlation Matchups

Stone Ridge Competition Risk-Adjusted Indicators

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