Stone Ridge Correlations

Mutual Funds . USA . 
Fund . Stone Ridge Diversified
SRDBX Fund  USD 9.77  0.01  0.10%   
The current 90-days correlation between Stone Ridge Diversified and Foundry Partners Fundamental is 0.04 (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 Diversified 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 Diversified 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 Diversified. 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 bureau of labor statistics.

Moving against Stone Mutual Fund

  0.89BXMDX Blackstone AlternativePairCorr
  0.79BXMIX Blackstone AlternativePairCorr
  0.78GARTX Goldman Sachs AbsolutePairCorr
  0.78GCRTX Goldman Sachs AbsolutePairCorr
  0.65BIMBX Blackrock AlternativePairCorr
  0.64BAMBX Blackrock AlternativePairCorr
  0.63BXMYX Blackstone AlternativePairCorr
  0.58SHRMX Stone Ridge HighPairCorr
  0.57SHRIX Stone Ridge HighPairCorr
  0.53VFINX Vanguard 500 IndexPairCorr
  0.46NHS Neuberger Berman HighPairCorr
  0.34GOFIX Gmo Resources Steady GrowthPairCorr
  0.76PSBPX Smallcap Fund FkaPairCorr
  0.75FRGOX Franklin Gold PreciousPairCorr
  0.73SSEAX Siit Screened WorldPairCorr
  0.71MADVX Blackrock Equity DividendPairCorr
  0.65FRBNX Fidelity Advisor FreedomPairCorr
  0.65TMPIX Touchstone Mid CapPairCorr
  0.64VSTCX Vanguard StrategicPairCorr
  0.55CBUZX Columbia Income BuilderPairCorr
  0.53VFIAX Vanguard 500 IndexPairCorr
  0.53OAFIX Optimum Fixed IncomePairCorr
  0.53PLFRX Pacific Funds FloatingPairCorr
  0.52JGMCX Janus TritonPairCorr
  0.52FCISX Franklin IncomePairCorr
  0.51JGICX Janus Growth AndPairCorr
  0.45FVATX Nuveen Flagship VirginiaPairCorr
  0.45LTBYX Opnhmr RchstrPairCorr
  0.86RWIEX Capital World GrowthPairCorr
  0.74MSYPX High Yield PortfolioPairCorr
  0.71USMIX Extended Market IndexPairCorr
  0.69KCIIX Kngt Clb EqyPairCorr
  0.66STARX Astor Star FundPairCorr
  0.62PODAX Pacific Funds PortfolioPairCorr

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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