Stone Ridge Correlations

Mutual Funds . USA . 
Fund . Stone Ridge High
SHRIX Fund  USD 8.98  0.01  0.11%   
The current 90-days correlation between Stone Ridge High and Us Government Securities is 0.22 (i.e., Modest 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

Poor diversification

The correlation between Stone Ridge High and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stone Ridge High and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Stone Ridge High. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Stone Mutual Fund

  1.0SHRMX Stone Ridge HighPairCorr
  0.67MISHX Ab Municipal IncomePairCorr
  0.93LMSMX Western Asset SmashPairCorr
  0.93LMECX Western Asset SmashPairCorr
  0.93FXICX Fixed Income SharesPairCorr
  0.77NMTRX Municipal Total ReturnPairCorr
  0.95BATAX Blackrock AllocationPairCorr
  0.88BRAMX Bats Series MPairCorr
  0.97GAAKX Gmo Alternative AlloPairCorr
  0.97GAAGX Gmo Alternative AlloPairCorr
  0.74GPBFX Gmo E PlusPairCorr
  0.86GPMFX Guidepath Managed FuturesPairCorr
  0.9PQTAX Pimco Trends ManagedPairCorr
  0.9PQTNX Pimco Trends ManagedPairCorr
  0.9PQTIX Aa Pimco TrPairCorr
  0.75WARCX Wells Fargo AdvantagePairCorr
  0.87GAONX Jpmorgan Global AlloPairCorr
  0.81FAJTX American Funds 2055PairCorr
  0.9RNCCX American Funds IncomePairCorr
  0.75USSCX Science TechnologyPairCorr
  0.94VIOAX Vela Income OpportunitiesPairCorr
  0.89RPGAX T Rowe PricePairCorr
  0.86IPOAX Ivy Emerging MarketsPairCorr
  0.65HGOAX Hartford GrowthPairCorr
  0.85PRPAX Prudential Jennison MlpPairCorr
  0.9IENRX Ivy Energy FundPairCorr
  0.96HFCVX Hennessy Nerstone ValuePairCorr
  0.84MURMX Mutual Of AmericaPairCorr
  0.91VEIPX Vanguard Equity IncomePairCorr
  0.82TIOVX Tiaa Cref InternationalPairCorr
  0.92BBSGX Sterling Capital ShortPairCorr
  0.87SEQAX Guggenheim World EquityPairCorr
  0.94LSBDX Loomis Sayles BondPairCorr
  0.95FGUSX Federated GovernmentPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Stone Mutual Fund performing well and Stone Ridge Mutual Fund 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.

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