Stone Ridge Correlations

SHRMX Fund

USD 9.03 0.01 0.11%

The current 90-days correlation between Stone Ridge High and Calamos International Small is -0.14 (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

Very poor diversification

The correlation between Stone Ridge High and DJI is 0.86 (i.e., Very 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 state.

Moving together with Stone Mutual Fund

1.0	SHRIX	Stone Ridge High	Pair Corr
0.78	MISHX	Ab Municipal Income	Pair Corr
0.91	LMSMX	Western Asset Smash	Pair Corr
0.96	LMECX	Western Asset Smash	Pair Corr
0.64	FXIMX	Fixed Income Shares	Pair Corr
0.96	FXICX	Fixed Income Shares	Pair Corr
0.82	NMTRX	Municipal Total Return	Pair Corr
0.8	LMLCX	Western Asset Smash	Pair Corr
0.95	BATAX	Blackrock Allocation	Pair Corr
0.89	BRAMX	Bats Series M	Pair Corr
0.97	GAAKX	Gmo Alternative Allo	Pair Corr
0.97	GAAGX	Gmo Alternative Allo	Pair Corr
0.75	GPBFX	Gmo E Plus	Pair Corr
0.92	GPMFX	Guidepath Managed Futures	Pair Corr
0.93	PQTAX	Pimco Trends Managed	Pair Corr
0.93	PQTNX	Pimco Trends Managed	Pair Corr
0.93	PQTIX	Aa Pimco Tr	Pair Corr
0.88	WARCX	Wells Fargo Advantage	Pair Corr
0.69	BGLUX	Baron Global Advantage	Pair Corr
0.9	GAONX	Jpmorgan Global Allo	Pair Corr
0.88	FAJTX	American Funds 2055	Pair Corr
0.94	RNCCX	American Funds Income	Pair Corr
0.96	VIOAX	Vela Income Opportunities	Pair Corr
0.94	RPGAX	T Rowe Price	Pair Corr
0.94	IPOAX	Ivy Emerging Markets	Pair Corr
0.82	PRPAX	Prudential Jennison Mlp	Pair Corr
0.94	IENRX	Ivy Energy Fund	Pair Corr
0.97	HFCVX	Hennessy Nerstone Value	Pair Corr
0.91	MURMX	Mutual Of America	Pair Corr
0.93	VEIPX	Vanguard Equity Income	Pair Corr
0.9	TIOVX	Tiaa Cref International	Pair Corr
0.91	BBSGX	Sterling Capital Short	Pair Corr
0.92	SEQAX	Guggenheim World Equity	Pair Corr
0.96	LSBDX	Loomis Sayles Bond	Pair Corr
0.94	FGUSX	Federated Government	Pair Corr

Moving against Stone Mutual Fund

0.67	SRDBX	Stone Ridge Diversified	Pair Corr
0.38	SRDAX	Stone Ridge Diversified	Pair Corr

Related Correlations Analysis

	SHRMX	SRDAX	SRDBX	GEQZX	JSHNX	OAYWX	CGEOX	LRSVX	CISOX
SHRMX		-0.38	-0.67	0.74	0.88	0.91	0.8	0.96	0.84	SHRMX
SRDAX	-0.38		0.64	-0.33	-0.32	-0.37	-0.5	-0.35	-0.57	SRDAX
SRDBX	-0.67	0.64		-0.48	-0.58	-0.64	-0.71	-0.66	-0.86	SRDBX
GEQZX	0.74	-0.33	-0.48		0.74	0.86	0.88	0.83	0.67	GEQZX
JSHNX	0.88	-0.32	-0.58	0.74		0.82	0.75	0.88	0.75	JSHNX
OAYWX	0.91	-0.37	-0.64	0.86	0.82		0.88	0.94	0.81	OAYWX
CGEOX	0.8	-0.5	-0.71	0.88	0.75	0.88		0.87	0.91	CGEOX
LRSVX	0.96	-0.35	-0.66	0.83	0.88	0.94	0.87		0.86	LRSVX
CISOX	0.84	-0.57	-0.86	0.67	0.75	0.81	0.91	0.86		CISOX
	SHRMX	SRDAX	SRDBX	GEQZX	JSHNX	OAYWX	CGEOX	LRSVX	CISOX

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

LRSVX	+ 0.96	SHRMX
LRSVX	+ 0.94	OAYWX
OAYWX	+ 0.91	SHRMX
CISOX	+ 0.91	CGEOX
JSHNX	+ 0.88	SHRMX
CGEOX	+ 0.88	GEQZX

High negative correlations

CISOX	- 0.86	SRDBX
CGEOX	- 0.71	SRDBX
SRDBX	- 0.67	SHRMX
LRSVX	- 0.66	SRDBX
OAYWX	- 0.64	SRDBX
JSHNX	- 0.58	SRDBX

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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SHRMX	0.06	0.03	0.00	(29.61)	0.00	0.00	0.11	0.00	0.34
SRDAX	0.45	0.00	(0.05)	0.06	1.31	(0.56)	0.41	(0.41)	16.73
SRDBX	0.19	(0.02)	0.00	0.34	0.00	0.00	0.41	(0.41)	1.23
GEQZX	0.57	(0.03)	(0.06)	0.03	0.74	(0.60)	1.15	(1.52)	3.64
JSHNX	0.09	0.01	0.00	0.46	0.00	0.00	0.35	(0.35)	0.70
OAYWX	0.62	0.05	0.04	0.14	0.61	(0.67)	1.48	(1.19)	4.09
CGEOX	0.88	0.01	0.00	0.08	1.14	(0.91)	1.88	(2.19)	4.92
LRSVX	0.85	0.16	0.19	0.22	0.60	(1.08)	2.96	(1.39)	7.04
CISOX	0.83	0.13	0.10	0.26	0.84	(0.87)	1.45	(1.45)	4.36

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC