Ares Management Correlations

ARES Stock

USD 149.38 0.31 0.21%

The current 90-days correlation between Ares Management LP and State Street Corp is 0.14 (i.e., Average 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Ares Management Correlation With Market

Poor diversification

The correlation between Ares Management LP and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ares Management LP and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Ares Stock

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

Moving together with Ares Stock

0.67	NP	Neptune Insurance	Pair Corr
0.75	VELO	Velo3D Upward Rally	Pair Corr
0.62	FINS	Angel Oak Financial	Pair Corr
0.8	AMP	Ameriprise Financial Earnings Call Today	Pair Corr
0.61	ICG	Intermediate Capital	Pair Corr
0.77	AVR	Avaron Mining Corp	Pair Corr
0.72	NREF	Nexpoint Real Estate	Pair Corr
0.65	BRWM	Blackrock World Mining	Pair Corr
0.83	SAMG	Silvercrest Asset	Pair Corr
0.68	SEIC	SEI Investments	Pair Corr
0.73	SLRC	SLR Investment Corp	Pair Corr
0.85	BANX	Arrowmark Financial Corp	Pair Corr

Moving against Ares Stock

0.65	LTI	Lindsell Train Investment	Pair Corr
0.37	NOAH	Noah Holdings	Pair Corr
0.82	695156AW9	PKG 305 01	Pair Corr
0.54	PNNT	PennantPark Investment	Pair Corr
0.5	BKRKY	Bank Rakyat	Pair Corr
0.49	BKRKF	PT Bank Rakyat	Pair Corr
0.48	PBCRY	Bank Central Asia	Pair Corr
0.42	PBCRF	PT Bank Central	Pair Corr
0.35	TELNY	Telenor ASA ADR	Pair Corr

Related Correlations Analysis

	STT	OWL	RJF	SOFI	BRO	HBAN	APO	MS	BBD
STT		0.37	0.8	-0.43	-0.24	0.93	0.89	0.95	0.03	STT
OWL	0.37		0.45	0.28	0.29	0.34	0.35	0.38	-0.38	OWL
RJF	0.8	0.45		-0.3	-0.17	0.73	0.57	0.82	0.28	RJF
SOFI	-0.43	0.28	-0.3		0.28	-0.53	-0.41	-0.43	-0.18	SOFI
BRO	-0.24	0.29	-0.17	0.28		-0.19	-0.27	-0.3	-0.36	BRO
HBAN	0.93	0.34	0.73	-0.53	-0.19		0.88	0.94	0.06	HBAN
APO	0.89	0.35	0.57	-0.41	-0.27	0.88		0.83	-0.22	APO
MS	0.95	0.38	0.82	-0.43	-0.3	0.94	0.83		0.17	MS
BBD	0.03	-0.38	0.28	-0.18	-0.36	0.06	-0.22	0.17		BBD
	STT	OWL	RJF	SOFI	BRO	HBAN	APO	MS	BBD

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

MS	+ 0.95	STT
MS	+ 0.94	HBAN
HBAN	+ 0.93	STT
APO	+ 0.89	STT
APO	+ 0.88	HBAN
MS	+ 0.83	APO

High negative correlations

HBAN	- 0.53	SOFI
MS	- 0.43	SOFI
SOFI	- 0.43	STT
APO	- 0.41	SOFI
BBD	- 0.38	OWL
BBD	- 0.36	BRO

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
STT	1.03	0.10	0.06	0.15	1.70	(0.95)	1.69	(2.12)	9.12
OWL	1.82	(0.23)	0.00	(0.10)	0.00	0.00	3.26	(3.64)	9.07
RJF	1.07	(0.03)	(0.02)	0.03	1.36	(1.11)	2.22	(2.20)	5.52
SOFI	2.96	(0.31)	0.00	(0.05)	0.00	0.00	5.53	(6.77)	20.12
BRO	1.18	(0.28)	0.00	(2.47)	0.00	0.00	2.60	(2.53)	6.13
HBAN	1.14	0.07	0.03	0.14	1.57	(1.13)	2.86	(2.40)	10.36
APO	1.37	0.05	0.03	0.10	1.87	(1.38)	2.62	(3.64)	10.80
MS	1.18	0.12	0.11	0.14	1.19	(1.33)	2.74	(2.21)	9.48
BBD	1.59	0.32	0.13	0.44	2.00	(1.84)	4.05	(2.51)	12.78

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