We introduce a Z2 noise for the stochastic estimation of matrix invers
ion and discuss its superiority over other noises including the Gaussi
an noise. This algorithm is applied to the calculation of quark loops
in lattice quantum chromodynamics that involves diagonal and off-diago
nal traces of the inverse matrix. We will point out its usefulness in
its applications to estimating determinants, eigenvalues, and eigenvec
tors, as well as its limitations based on the structure of the inverse
matrix.