Aeries Technology Correlations

AERTW Stock

0.03 0 12.54%

The current 90-days correlation between Aeries Technology and Sunrise New Energy is 0.08 (i.e., Significant diversification). 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 -0.17 (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.

Build AI portfolio with Aeries Stock

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 persons.

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

Moving against Aeries Stock

0.61	TRU	TransUnion	Pair Corr
0.55	MG	Mistras Group	Pair Corr
0.47	WLDN	Willdan Group	Pair Corr
0.44	RGP	Resources Connection	Pair Corr
0.42	HURN	Huron Consulting	Pair Corr
0.36	FCN	FTI Consulting	Pair Corr
0.35	EXPO	Exponent	Pair Corr
0.5	RHLD	Resolute Holdings Symbol Change	Pair Corr
0.37	300215	Suzhou Electrical	Pair Corr

Related Correlations Analysis

	MANOF	KARX	BLNC	EPOW	FLCX	RYOJ	SBCWW	KMNCF	CRWE	GRNQ
MANOF		0.76	0.53	0.54	0.0	0.58	-0.23	0.64	0.38	-0.69	MANOF
KARX	0.76		0.43	0.39	0.0	0.59	-0.19	0.49	0.22	-0.73	KARX
BLNC	0.53	0.43		0.29	0.0	-0.03	-0.21	0.26	0.12	-0.58	BLNC
EPOW	0.54	0.39	0.29		0.0	0.29	-0.14	0.69	0.31	-0.37	EPOW
FLCX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	FLCX
RYOJ	0.58	0.59	-0.03	0.29	0.0		-0.27	0.55	0.36	-0.49	RYOJ
SBCWW	-0.23	-0.19	-0.21	-0.14	0.0	-0.27		-0.53	-0.4	0.31	SBCWW
KMNCF	0.64	0.49	0.26	0.69	0.0	0.55	-0.53		0.45	-0.48	KMNCF
CRWE	0.38	0.22	0.12	0.31	0.0	0.36	-0.4	0.45		-0.18	CRWE
GRNQ	-0.69	-0.73	-0.58	-0.37	0.0	-0.49	0.31	-0.48	-0.18		GRNQ
	MANOF	KARX	BLNC	EPOW	FLCX	RYOJ	SBCWW	KMNCF	CRWE	GRNQ

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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

KARX	+ 0.76	MANOF
KMNCF	+ 0.69	EPOW
KMNCF	+ 0.64	MANOF
RYOJ	+ 0.59	KARX
RYOJ	+ 0.58	MANOF
KMNCF	+ 0.55	RYOJ

High negative correlations

GRNQ	- 0.73	KARX
GRNQ	- 0.69	MANOF
GRNQ	- 0.58	BLNC
KMNCF	- 0.53	SBCWW
GRNQ	- 0.49	RYOJ
GRNQ	- 0.48	KMNCF

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
MANOF	1.41	(0.60)	0.00	(6.32)	0.00	0.00	0.00	(5.83)	27.95
KARX	5.70	0.03	0.01	0.11	6.54	(14.65)	18.42	(14.00)	67.21
BLNC	2.44	(1.40)	0.00	(1.69)	0.00	0.00	0.00	(9.09)	43.18
EPOW	2.98	(0.30)	0.00	0.56	0.00	0.00	5.98	(6.50)	22.24
FLCX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RYOJ	9.75	2.61	0.25	(3.14)	8.04	(12.12)	13.02	(15.26)	173.11
SBCWW	10.44	1.66	0.11	8.34	11.69	(12.80)	25.00	(19.05)	64.10
KMNCF	0.31	(0.18)	0.00	(0.88)	0.00	0.00	0.00	0.00	10.26
CRWE	0.78	0.17	0.00	(0.05)	0.00	0.00	0.00	0.00	21.95
GRNQ	3.69	0.46	0.10	0.74	3.83	(4.34)	8.13	(5.39)	25.63

Aeries Technology Corporate Management

Narayan CFA	Chief Officer	Profile
Elias Mendoza	Chief Officer	Profile
Unnikrishnan Nambiar	Chief Officer	Profile
Ajay Khare	Chief Americas	Profile
Unni Nambiar	Chief Officer	Profile
Ryan Gardella	Investor Relations	Profile

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