Stone Ridge Correlations

LIAU Etf

267.38 0.93 0.35%

The current 90-days correlation between Stone Ridge 2060 and iShares Trust is 0.01 (i.e., Significant 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Stone Ridge Correlation With Market

Excellent diversification

The correlation between Stone Ridge 2060 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 2060 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 2060. 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 against Stone Etf

0.69	BSCQ	Invesco BulletShares 2026	Pair Corr
0.69	IBDS	iShares iBonds Dec	Pair Corr
0.68	IBDR	iShares iBonds Dec	Pair Corr
0.67	IBDQ	IShares	Pair Corr
0.66	BSCP	Invesco	Pair Corr
0.61	MRK	Merck Company Earnings Call This Week	Pair Corr
0.58	BAC	Bank of America	Pair Corr
0.57	SLVR	Sprott Silver Miners	Pair Corr
0.55	JNUG	Direxion Daily Junior	Pair Corr
0.54	GDMN	WisdomTree Efficient Gold Low Volatility	Pair Corr
0.53	NUGT	Direxion Daily Gold	Pair Corr
0.5	GDXU	MicroSectors Gold Miners Trending	Pair Corr
0.48	AGQ	ProShares Ultra Silver Trending	Pair Corr
0.45	SHNY	Microsectors Gold Trending	Pair Corr
0.37	MULL	GraniteShares 2x Long Downward Rally	Pair Corr
0.36	MUU	Direxion Daily MU Downward Rally	Pair Corr
0.71	WMT	Walmart Common Stock Sell-off Trend	Pair Corr
0.62	JNJ	Johnson Johnson	Pair Corr
0.58	AA	Alcoa Corp Downward Rally	Pair Corr
0.53	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.5	AXP	American Express Earnings Call This Week	Pair Corr
0.49	JPM	JPMorgan Chase	Pair Corr
0.45	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.44	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.32	TRV	The Travelers Companies	Pair Corr
0.31	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.54	0.23	-0.16	0.16	-0.11	0.52	-0.05	-0.24	-0.25	META
MSFT	0.54		0.78	-0.54	0.54	0.28	0.35	-0.22	-0.84	-0.72	MSFT
UBER	0.23	0.78		-0.45	0.46	0.51	0.02	-0.36	-0.8	-0.5	UBER
F	-0.16	-0.54	-0.45		-0.69	-0.12	0.09	0.58	0.67	0.59	F
T	0.16	0.54	0.46	-0.69		0.55	-0.13	-0.4	-0.49	-0.66	T
A	-0.11	0.28	0.51	-0.12	0.55		-0.33	-0.24	-0.26	-0.38	A
CRM	0.52	0.35	0.02	0.09	-0.13	-0.33		0.56	-0.11	-0.36	CRM
JPM	-0.05	-0.22	-0.36	0.58	-0.4	-0.24	0.56		0.45	0.1	JPM
MRK	-0.24	-0.84	-0.8	0.67	-0.49	-0.26	-0.11	0.45		0.73	MRK
XOM	-0.25	-0.72	-0.5	0.59	-0.66	-0.38	-0.36	0.1	0.73		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	+ 0.73	MRK
MRK	+ 0.67	F
XOM	+ 0.59	F
JPM	+ 0.58	F
JPM	+ 0.56	CRM

High negative correlations

MRK	- 0.84	MSFT
MRK	- 0.8	UBER
XOM	- 0.72	MSFT
T	- 0.69	F
XOM	- 0.66	T
F	- 0.54	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	1.44	(0.19)	0.00	(0.11)	0.00	0.00	3.16	(2.67)	13.02
MSFT	1.05	(0.17)	0.00	(0.45)	0.00	0.00	1.78	(2.50)	4.90
UBER	1.45	(0.23)	0.00	(0.24)	0.00	0.00	2.60	(3.82)	10.23
F	1.42	0.03	0.04	0.09	1.38	(1.76)	3.38	(2.35)	16.30
T	0.87	(0.14)	0.00	(17.25)	0.00	0.00	1.53	(1.85)	4.30
A	1.21	(0.11)	0.00	(0.19)	0.00	0.00	2.90	(2.58)	7.85
CRM	1.47	(0.27)	0.00	(0.18)	0.00	0.00	2.94	(3.10)	12.37
JPM	1.12	(0.08)	(0.02)	0.02	1.70	(1.09)	2.00	(3.11)	7.38
MRK	1.24	0.27	0.19	0.45	1.11	(1.53)	3.59	(1.98)	8.09
XOM	1.07	0.28	0.18	4.39	0.95	(1.26)	2.38	(1.51)	5.82

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