Stone Ridge Correlations

LFAJ Etf

14.02 0.05 0.36%

The current 90-days correlation between Stone Ridge 2051 and Global X Funds is -0.05 (i.e., Good 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 2051 moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Stone Ridge Correlation With Market

Average diversification

The correlation between Stone Ridge 2051 and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stone Ridge 2051 and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Stone Ridge 2051. 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

0.69	BND	Vanguard Total Bond	Pair Corr
0.76	VEA	Vanguard FTSE Developed	Pair Corr
0.61	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.65	KO	Coca Cola Sell-off Trend	Pair Corr
0.67	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr

Moving against Stone Etf

0.4	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.38	VUG	Vanguard Growth Index	Pair Corr
0.35	VO	Vanguard Mid Cap	Pair Corr
0.32	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.32	IVV	iShares Core SP	Pair Corr
0.31	VB	Vanguard Small Cap	Pair Corr
0.66	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.43	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.42	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.4	WMT	Walmart Aggressive Push	Pair Corr
0.39	DIS	Walt Disney Aggressive Push	Pair Corr

Related Correlations Analysis

	MLDR	OBIL	FIAX	FLGV	BIL	XBIL	EDV	XFIV	FTSD
MLDR		0.17	0.26	-0.07	0.12	0.14	-0.1	-0.05	0.18	MLDR
OBIL	0.17		0.51	-0.6	0.88	0.9	-0.64	-0.6	0.82	OBIL
FIAX	0.26	0.51		-0.31	0.48	0.51	-0.35	-0.3	0.53	FIAX
FLGV	-0.07	-0.6	-0.31		-0.89	-0.87	0.99	1.0	-0.14	FLGV
BIL	0.12	0.88	0.48	-0.89		1.0	-0.9	-0.89	0.53	BIL
XBIL	0.14	0.9	0.51	-0.87	1.0		-0.89	-0.87	0.58	XBIL
EDV	-0.1	-0.64	-0.35	0.99	-0.9	-0.89		0.97	-0.22	EDV
XFIV	-0.05	-0.6	-0.3	1.0	-0.89	-0.87	0.97		-0.12	XFIV
FTSD	0.18	0.82	0.53	-0.14	0.53	0.58	-0.22	-0.12		FTSD
	MLDR	OBIL	FIAX	FLGV	BIL	XBIL	EDV	XFIV	FTSD

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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

XFIV	+ 1.0	FLGV
XBIL	+ 1.0	BIL
EDV	+ 0.99	FLGV
XFIV	+ 0.97	EDV
XBIL	+ 0.9	OBIL
BIL	+ 0.88	OBIL

High negative correlations

EDV	- 0.9	BIL
EDV	- 0.89	XBIL
XFIV	- 0.89	BIL
BIL	- 0.89	FLGV
XFIV	- 0.87	XBIL
XBIL	- 0.87	FLGV

Stone Ridge Constituents 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
MLDR	33.89	18.25	58.45	(1.85)	0.00	(41.84)	0.58	(0.53)	1,001
OBIL	0.04	0.01	(2.38)	(0.61)	0.00	(0.05)	0.08	(0.06)	0.24
FIAX	0.23	(0.02)	(0.31)	0.03	0.28	(0.27)	0.47	(0.41)	1.76
FLGV	0.23	(0.01)	0.00	0.30	0.00	0.00	0.53	(0.49)	1.36
BIL	0.01	0.01	0.00	(2.81)	0.00	0.00	0.05	0.00	0.07
XBIL	0.02	0.00	(4.15)	0.00	0.00	(0.04)	0.06	(0.02)	0.10
EDV	0.95	(0.02)	0.00	0.17	0.00	0.00	2.16	(2.11)	6.23
XFIV	0.21	(0.02)	0.00	0.34	0.00	0.00	0.43	(0.41)	1.25
FTSD	0.05	0.01	(1.51)	(0.32)	0.00	(0.06)	0.12	(0.10)	0.32

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