Stone Ridge Correlations
| LIAX Etf | 27.13 0.14 0.51% |
The current 90-days correlation between Stone Ridge 2063 and Vanguard Short Term Inflation Protected is 0.02 (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
Significant diversification
The correlation between Stone Ridge 2063 and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stone Ridge 2063 and DJI in the same portfolio, assuming nothing else is changed.
Stone |
Moving together with Stone Etf
| 0.62 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.61 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.68 | VZ | Verizon Communications Aggressive Push | PairCorr |
Moving against Stone Etf
| 0.65 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.58 | MEME | Roundhill Investments | PairCorr |
| 0.55 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.54 | RSPY | Tuttle Capital Management | PairCorr |
| 0.41 | DSJA | DSJA | PairCorr |
| 0.4 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.37 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.35 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.34 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.32 | WMT | Walmart Aggressive Push | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Stone Ridge Constituents 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VTIP | 0.08 | 0.00 | (0.95) | 0.10 | 0.00 | 0.18 | 0.55 | |||
| TIP | 0.20 | (0.03) | 0.00 | (1.13) | 0.00 | 0.34 | 1.07 | |||
| PBTP | 0.09 | 0.00 | (0.89) | (0.01) | 0.05 | 0.20 | 0.59 | |||
| GTIP | 0.20 | (0.03) | 0.00 | (1.91) | 0.00 | 0.34 | 1.12 | |||
| IBIB | 0.04 | 0.01 | (1.93) | 1.08 | 0.00 | 0.12 | 0.24 | |||
| IBIC | 0.07 | 0.01 | (1.12) | 0.66 | 0.00 | 0.20 | 0.47 | |||
| IBIF | 0.14 | (0.02) | 0.00 | (0.52) | 0.00 | 0.27 | 1.00 | |||
| IBIG | 0.17 | (0.03) | 0.00 | (3.34) | 0.00 | 0.31 | 1.04 | |||
| IBID | 0.10 | 0.00 | (0.74) | 0.16 | 0.05 | 0.20 | 0.62 |