Stone Ridge Correlations
| LIAQ Etf | 23.83 0.17 0.72% |
The current 90-days correlation between Stone Ridge 2058 and Vanguard Short Term Inflation Protected is 0.49 (i.e., Very weak 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 2058 and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stone Ridge 2058 and DJI in the same portfolio, assuming nothing else is changed.
Stone |
Moving together with Stone Etf
| 0.69 | NEAR | iShares Short Maturity | PairCorr |
| 0.78 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.61 | VZ | Verizon Communications Sell-off Trend | PairCorr |
| 0.77 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.68 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
Moving against Stone Etf
| 0.71 | MEME | Roundhill Investments | PairCorr |
| 0.7 | RSPY | Tuttle Capital Management | PairCorr |
| 0.64 | DSJA | DSJA | PairCorr |
| 0.63 | BTC | Grayscale Bitcoin Mini | PairCorr |
| 0.59 | MSTU | T REX 2X | PairCorr |
| 0.58 | EOS | Eaton Vance Enhanced | PairCorr |
| 0.52 | ETH | Grayscale Ethereum Mini | PairCorr |
| 0.5 | TGRW | T Rowe Price | PairCorr |
| 0.49 | XHLF | Bondbloxx ETF Trust | PairCorr |
| 0.32 | OILU | MicroSectorsTM Oil Gas | PairCorr |
| 0.75 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.57 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.55 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.52 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.4 | HPQ | HP Inc | PairCorr |
| 0.39 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VTIP | 0.08 | 0.00 | (0.97) | 0.24 | 0.00 | 0.18 | 0.55 | |||
| TIP | 0.21 | (0.02) | 0.00 | (0.75) | 0.00 | 0.34 | 1.07 | |||
| PBTP | 0.09 | 0.00 | (0.90) | 0.12 | 0.00 | 0.20 | 0.59 | |||
| GTIP | 0.20 | (0.02) | 0.00 | (1.20) | 0.00 | 0.34 | 1.12 | |||
| IBIB | 0.04 | 0.01 | (2.08) | (2.01) | 0.00 | 0.12 | 0.24 | |||
| IBIC | 0.07 | 0.01 | (1.15) | 0.86 | 0.00 | 0.20 | 0.47 | |||
| IBIF | 0.15 | (0.01) | (0.57) | (0.30) | 0.21 | 0.27 | 1.00 | |||
| IBIG | 0.18 | (0.02) | 0.00 | (2.53) | 0.00 | 0.31 | 1.04 | |||
| IBID | 0.09 | 0.00 | (0.78) | 0.16 | 0.06 | 0.20 | 0.62 |