Stone Ridge Correlations

SHRMX Fund

USD 9.42 0.01 0.11%

The current 90-days correlation between Stone Ridge High and Lifex Inflation Protected Income is -0.01 (i.e., Good 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 High and DJI is 0.09 (i.e., Significant 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 population.

Moving together with Stone Mutual Fund

0.91	SHRIX	Stone Ridge High	Pair Corr
0.79	SRDAX	Stone Ridge Diversified	Pair Corr
0.79	SRDBX	Stone Ridge Diversified	Pair Corr
0.64	LSHEX	Kinetics Spin Off Downward Rally	Pair Corr
0.61	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.61	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.61	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.61	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.61	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr

Moving against Stone Mutual Fund

0.6	LIIMX	Lifex Inflation-protec	Pair Corr
0.48	TGLDX	Tocqueville Gold	Pair Corr
0.46	LMLCX	Western Asset Smash	Pair Corr
0.42	LMSMX	Western Asset Smash	Pair Corr
0.39	BRAMX	Bats Series M	Pair Corr
0.33	FXICX	Fixed Income Shares	Pair Corr
0.31	FXIMX	Fixed Income Shares	Pair Corr

Related Correlations Analysis

	LIADX	LIAFX	LIAKX	LIAIX	LIAOX	LIAMX	LIAQX	LIAWX	LIAUX	LIAZX
LIADX		1.0	1.0	1.0	0.72	1.0	1.0	1.0	1.0	0.74	LIADX
LIAFX	1.0		1.0	1.0	0.71	1.0	1.0	1.0	1.0	0.73	LIAFX
LIAKX	1.0	1.0		1.0	0.72	1.0	1.0	1.0	1.0	0.74	LIAKX
LIAIX	1.0	1.0	1.0		0.73	1.0	1.0	1.0	1.0	0.75	LIAIX
LIAOX	0.72	0.71	0.72	0.73		0.72	0.73	0.74	0.73	1.0	LIAOX
LIAMX	1.0	1.0	1.0	1.0	0.72		1.0	1.0	1.0	0.74	LIAMX
LIAQX	1.0	1.0	1.0	1.0	0.73	1.0		1.0	1.0	0.75	LIAQX
LIAWX	1.0	1.0	1.0	1.0	0.74	1.0	1.0		1.0	0.76	LIAWX
LIAUX	1.0	1.0	1.0	1.0	0.73	1.0	1.0	1.0		0.75	LIAUX
LIAZX	0.74	0.73	0.74	0.75	1.0	0.74	0.75	0.76	0.75		LIAZX
	LIADX	LIAFX	LIAKX	LIAIX	LIAOX	LIAMX	LIAQX	LIAWX	LIAUX	LIAZX

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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.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
LIADX	0.07	0.01	1.01	0.31	0.00	1.11
LIAFX	0.07	0.01	1.14	0.29	(0.06)	1.11
LIAKX	0.07	0.01	1.13	0.32	(0.05)	1.17
LIAIX	0.07	0.01	1.19	0.28	(0.06)	1.17
LIAOX	0.05	0.00	0.06	0.09	0.00	1.27
LIAMX	0.08	0.02	1.14	0.35	(0.05)	1.22
LIAQX	0.08	0.02	1.62	0.36	(0.05)	1.23
LIAWX	0.09	0.02	1.32	0.38	(0.04)	1.32
LIAUX	0.08	0.02	1.48	0.35	(0.04)	1.23
LIAZX	0.05	0.00	0.10	0.12	0.00	1.40

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