Stone Ridge Correlations

LIAO Etf

210.33 1.31 0.62%

The current 90-days correlation between Stone Ridge 2056 and ProShares Ultra Euro is 0.09 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Stone Ridge moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Stone Ridge 2056 moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Stone Ridge Correlation With Market

Very good diversification

The correlation between Stone Ridge 2056 and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stone Ridge 2056 and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Stone Etf

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Stone Ridge 2056. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Stone Etf

0.81	PMBS	PIMCO Mortgage Backed	Pair Corr
0.69	XTEN	Bondbloxx ETF Trust	Pair Corr
0.89	RTRE	Rareview Total Return	Pair Corr
0.74	VCIT	Vanguard Intermediate Sell-off Trend	Pair Corr
0.79	LQD	iShares iBoxx Investment Sell-off Trend	Pair Corr
0.78	CGCP	Capital Group Core Sell-off Trend	Pair Corr
0.61	SCHP	Schwab TIPS ETF	Pair Corr
0.8	AGGS	Harbor ETF Trust	Pair Corr

Moving against Stone Etf

0.36	RING	iShares MSCI Global	Pair Corr
0.35	VBIL	Vanguard 0 3	Pair Corr
0.33	PLTY	Tidal Trust II	Pair Corr
0.33	VGUS	Vanguard Ultra Short	Pair Corr
0.31	SILJ	Amplify ETF Trust	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.77	0.19	-0.33	-0.66	0.94	0.95	0.86	0.49	0.17	META
MSFT	0.77		0.36	0.0	-0.5	0.72	0.82	0.76	0.34	0.02	MSFT
UBER	0.19	0.36		0.08	0.34	-0.04	0.05	0.35	-0.24	0.16	UBER
F	-0.33	0.0	0.08		0.43	-0.25	-0.24	-0.3	0.27	0.48	F
T	-0.66	-0.5	0.34	0.43		-0.76	-0.77	-0.49	-0.35	0.29	T
A	0.94	0.72	-0.04	-0.25	-0.76		0.97	0.82	0.62	0.2	A
CRM	0.95	0.82	0.05	-0.24	-0.77	0.97		0.86	0.51	0.11	CRM
JPM	0.86	0.76	0.35	-0.3	-0.49	0.82	0.86		0.25	0.13	JPM
MRK	0.49	0.34	-0.24	0.27	-0.35	0.62	0.51	0.25		0.44	MRK
XOM	0.17	0.02	0.16	0.48	0.29	0.2	0.11	0.13	0.44		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

CRM	+ 0.97	A
CRM	+ 0.95	META
A	+ 0.94	META
JPM	+ 0.86	META
JPM	+ 0.86	CRM
CRM	+ 0.82	MSFT

High negative correlations

CRM	- 0.77	T
A	- 0.76	T
T	- 0.66	META
T	- 0.5	MSFT
JPM	- 0.49	T
MRK	- 0.35	T

Stone Ridge Competition 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
META	2.27	0.04	0.00	(0.09)	0.00	0.00	4.00	(4.67)	21.50
MSFT	1.50	0.11	0.05	(0.01)	2.01	(1.50)	3.19	(3.34)	13.79
UBER	2.36	0.55	0.16	0.31	2.83	(2.44)	5.87	(4.21)	16.03
F	1.89	0.20	0.07	0.08	2.64	(1.92)	3.19	(3.88)	13.11
T	1.17	0.26	0.14	0.56	2.24	(1.15)	1.97	(3.02)	9.07
A	1.65	(0.31)	0.00	(0.38)	0.00	0.00	2.80	(5.45)	14.45
CRM	1.79	(0.22)	0.00	(0.30)	0.00	0.00	2.91	(4.51)	13.13
JPM	1.55	(0.07)	0.00	(0.43)	0.00	0.00	2.88	(4.15)	11.14
MRK	1.50	(0.18)	0.00	(0.52)	0.00	0.00	2.43	(4.81)	10.07
XOM	1.39	0.08	0.00	(0.01)	0.00	0.00	2.80	(3.21)	10.54

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