Aeries Technology Correlations

AERT Stock

USD 1.05 0.10 8.70%

The correlation of Aeries Technology 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.

Aeries Technology Correlation With Market

Good diversification

The correlation between Aeries Technology and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aeries Technology and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aeries Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Aeries Stock please use our How to Invest in Aeries Technology guide.

Moving together with Aeries Stock

0.68	FA	First Advantage Corp	Pair Corr
0.7	MG	Mistras Group	Pair Corr
0.81	VCIG	VCI Global Limited	Pair Corr
0.68	VLTO	Veralto	Pair Corr
0.68	EXPO	Exponent	Pair Corr
0.83	EFX	Equifax	Pair Corr
0.78	FCN	FTI Consulting	Pair Corr
0.63	MMS	Maximus	Pair Corr

Moving against Aeries Stock

0.86	SQ	Block Inc	Pair Corr
0.86	WM	Waste Management	Pair Corr
0.82	VRSK	Verisk Analytics	Pair Corr
0.81	LZ	LegalZoom	Pair Corr
0.8	DRVN	Driven Brands Holdings	Pair Corr
0.78	G	Genpact Limited	Pair Corr
0.74	BR	Broadridge Financial	Pair Corr
0.7	KC	Kingsoft Cloud Holdings Trending	Pair Corr
0.58	BV	BrightView Holdings	Pair Corr
0.56	NL	NL Industries	Pair Corr
0.9	VSEC	VSE Corporation	Pair Corr
0.85	EXLS	ExlService Holdings	Pair Corr
0.81	CBZ	CBIZ Inc	Pair Corr
0.78	ADP	Automatic Data Processing	Pair Corr
0.72	ABM	ABM Industries Fiscal Year End 11th of December 2024	Pair Corr
0.7	FOUR	Shift4 Payments	Pair Corr
0.58	DNB	Dun Bradstreet Holdings	Pair Corr
0.45	WLDN	Willdan Group	Pair Corr
0.41	EEFT	Euronet Worldwide	Pair Corr
0.39	ARC	ARC Document Solutions	Pair Corr
0.87	INOD	Innodata Tech Boost	Pair Corr
0.84	VVI	Viad Corp	Pair Corr
0.8	RBA	RB Global	Pair Corr
0.79	IIIV	i3 Verticals	Pair Corr
0.75	KAR	KAR Auction Services	Pair Corr
0.4	ZONE	CleanCore Solutions	Pair Corr

Related Correlations Analysis

	EFX	FC	TRU	FORR	ICFI	CRAI	HURN	RGP
EFX		0.54	-0.09	0.7	0.47	-0.78	-0.66	0.75	EFX
FC	0.54		0.49	0.01	0.79	-0.14	-0.39	0.14	FC
TRU	-0.09	0.49		-0.49	0.55	0.52	-0.02	-0.5	TRU
FORR	0.7	0.01	-0.49		-0.11	-0.72	-0.2	0.94	FORR
ICFI	0.47	0.79	0.55	-0.11		0.02	-0.32	0.02	ICFI
CRAI	-0.78	-0.14	0.52	-0.72	0.02		0.6	-0.77	CRAI
HURN	-0.66	-0.39	-0.02	-0.2	-0.32	0.6		-0.25	HURN
RGP	0.75	0.14	-0.5	0.94	0.02	-0.77	-0.25		RGP
	EFX	FC	TRU	FORR	ICFI	CRAI	HURN	RGP

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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

RGP	+ 0.94	FORR
ICFI	+ 0.79	FC
RGP	+ 0.75	EFX
FORR	+ 0.7	EFX
HURN	+ 0.6	CRAI
ICFI	+ 0.55	TRU

High negative correlations

CRAI	- 0.78	EFX
RGP	- 0.77	CRAI
CRAI	- 0.72	FORR
HURN	- 0.66	EFX
RGP	- 0.5	TRU
FORR	- 0.49	TRU

Risk-Adjusted Indicators

There is a big difference between Aeries Stock performing well and Aeries Technology 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 Aeries Technology'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
EFX	1.04	(0.30)	0.00	(0.39)	0.00	0.00	2.00	(2.73)	8.33
FC	1.52	(0.26)	0.00	(0.05)	0.00	0.00	2.51	(3.04)	22.53
TRU	1.24	(0.09)	(0.03)	0.05	1.79	(1.12)	2.47	(2.86)	8.10
FORR	1.81	(0.26)	0.00	(0.05)	0.00	0.00	3.66	(3.77)	10.89
ICFI	1.25	(0.36)	0.00	(0.26)	0.00	0.00	2.26	(2.09)	16.28
CRAI	1.49	0.10	0.07	0.18	1.99	(1.44)	2.71	(3.40)	12.45
HURN	1.23	0.10	0.11	0.20	0.96	(1.56)	2.72	(1.60)	14.16
RGP	1.50	(0.42)	0.00	(0.11)	0.00	0.00	2.47	(2.94)	14.89

Aeries Technology Corporate Management

Narayan CFA	Chief Officer	Profile
Unnikrishnan Nambiar	Chief Officer	Profile
Ajay Khare	Chief Americas	Profile
Unni Nambiar	Chief Officer	Profile
Ryan Gardella	Investor Relations	Profile
Mario Jimenez	Head Operations	Profile

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