Ares Management Correlations

0QN Stock

EUR 180.86 4.96 2.67%

The current 90-days correlation between Ares Management Corp and The Bank of is 0.43 (i.e., Very weak diversification). The correlation of Ares Management 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.

Ares Management Correlation With Market

Significant diversification

The correlation between Ares Management Corp and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ares Management Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Ares Management could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ares Management when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ares Management - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ares Management Corp to buy it.

Moving together with Ares Stock

0.85	BN9	The Bank	Pair Corr
0.84	ZYA	State Street	Pair Corr
0.82	6EQ	EQT AB	Pair Corr
0.71	NT4	Northern Trust	Pair Corr
0.88	XTP	Sino AG	Pair Corr
0.83	DBPE	Xtrackers LevDAX	Pair Corr
0.83	E908	Lyxor 1	Pair Corr

Moving against Ares Stock

0.85	DBPD	Xtrackers ShortDAX	Pair Corr
0.81	SG9	Strix Group Plc	Pair Corr
0.51	RFC4	COPAUR MINERALS INC	Pair Corr
0.4	0KJ	ABERFORTH SMCOS TRLS Earnings Call Today	Pair Corr

Related Correlations Analysis

	BBN1	BN9	A4S	ZYA	6EQ	TR1	0QN	NT4
BBN1		0.72	0.85	0.7	0.28	0.8	0.53	0.85	BBN1
BN9	0.72		0.8	0.8	0.72	0.55	0.85	0.89	BN9
A4S	0.85	0.8		0.71	0.27	0.7	0.57	0.88	A4S
ZYA	0.7	0.8	0.71		0.58	0.67	0.84	0.82	ZYA
6EQ	0.28	0.72	0.27	0.58		0.24	0.82	0.48	6EQ
TR1	0.8	0.55	0.7	0.67	0.24		0.39	0.71	TR1
0QN	0.53	0.85	0.57	0.84	0.82	0.39		0.71	0QN
NT4	0.85	0.89	0.88	0.82	0.48	0.71	0.71		NT4
	BBN1	BN9	A4S	ZYA	6EQ	TR1	0QN	NT4

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Risk-Adjusted Indicators

There is a big difference between Ares Stock performing well and Ares Management Company 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 Ares Management'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
BBN1	1.61	0.19	0.07	0.96	1.74	(1.81)	3.81	(2.58)	10.57
BN9	1.02	0.25	0.18	0.94	0.86	(1.20)	2.45	(1.58)	8.84
A4S	1.12	0.21	0.09	2.08	1.26	(1.24)	2.52	(2.09)	16.93
ZYA	1.06	0.21	0.12	1.02	0.99	(1.28)	2.82	(1.85)	8.34
6EQ	1.84	0.27	0.11	1.00	1.78	(2.46)	4.83	(3.05)	16.17
TR1	1.17	0.03	(0.02)	0.19	1.31	(1.30)	2.48	(2.10)	14.11
0QN	1.61	0.25	0.10	1.77	1.62	(1.91)	3.54	(3.29)	13.94
NT4	1.22	0.30	0.13	1.56	1.23	(1.58)	3.13	(2.11)	11.67

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ares Management without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Ares Management Corporate Management

Elected by the shareholders, the Ares Management's board of directors comprises two types of representatives: Ares Management inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ares. The board's role is to monitor Ares Management's management team and ensure that shareholders' interests are well served. Ares Management's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ares Management's outside directors are responsible for providing unbiased perspectives on the board's policies.

Ryan Berry	Partner, Chief Marketing and Strategy Officer	Profile
Antoinette Bush	Independent Director	Profile
Adam Heltzer	Managing Director, Head of Environmental, Social and Governance	Profile
Carl CFA	Head Partner	Profile
Jarrod Phillips	Partner CFO	Profile

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