Ares Management Correlations

ARES Stock

USD 173.37 1.32 0.77%

The current 90-days correlation between Ares Management LP and State Street Corp is 0.09 (i.e., Significant 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

Very weak diversification

The correlation between Ares Management LP and DJI is 0.49 (i.e., Very weak 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 american community survey.

Moving together with Ares Stock

0.89	MAJE	Majedie Investments	Pair Corr
0.83	DGS	Dividend Growth Split	Pair Corr
0.71	PRIM	Primorus Investments plc	Pair Corr
0.88	PAX	Patria Investments	Pair Corr
0.78	SII	Sprott Inc Normal Trading	Pair Corr
0.88	STT	State Street Corp	Pair Corr
0.88	TPG	TPG Inc	Pair Corr
0.62	BIOG	Biotech Growth	Pair Corr
0.86	FFN	North American Financial	Pair Corr
0.74	LWI	Lowland Investment	Pair Corr
0.79	HERZ	Herzfeld Creditome Symbol Change	Pair Corr

Moving against Ares Stock

0.87	IPX	Impax Asset Management	Pair Corr
0.34	HRI	Herald Investment Trust	Pair Corr
0.33	TY	Tri Continental Closed	Pair Corr
0.53	OFS	OFS Capital Corp	Pair Corr
0.51	TAM	Tatton Asset Management	Pair Corr
0.42	CHRY	Chrysalis Investments Earnings Call This Week	Pair Corr
0.33	MMIT	Mobius Investment Trust	Pair Corr
0.75	LTI	Lindsell Train Investment	Pair Corr
0.71	LIO	Liontrust Asset Mana	Pair Corr
0.45	TAVI	Tavistock Investments Plc	Pair Corr

Related Correlations Analysis

	STT	OWL	RJF	SOFI	BRO	HBAN	APO	MS	BBD
STT		0.06	0.37	-0.18	-0.42	0.83	0.93	0.89	0.04	STT
OWL	0.06		0.64	0.11	0.44	0.13	-0.05	-0.06	-0.58	OWL
RJF	0.37	0.64		-0.04	0.36	0.52	0.32	0.23	-0.47	RJF
SOFI	-0.18	0.11	-0.04		-0.21	-0.37	-0.23	0.01	0.44	SOFI
BRO	-0.42	0.44	0.36	-0.21		-0.08	-0.5	-0.66	-0.72	BRO
HBAN	0.83	0.13	0.52	-0.37	-0.08		0.87	0.74	-0.2	HBAN
APO	0.93	-0.05	0.32	-0.23	-0.5	0.87		0.92	0.12	APO
MS	0.89	-0.06	0.23	0.01	-0.66	0.74	0.92		0.3	MS
BBD	0.04	-0.58	-0.47	0.44	-0.72	-0.2	0.12	0.3		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

APO	+ 0.93	STT
MS	+ 0.92	APO
MS	+ 0.89	STT
APO	+ 0.87	HBAN
HBAN	+ 0.83	STT
MS	+ 0.74	HBAN

High negative correlations

BBD	- 0.72	BRO
MS	- 0.66	BRO
BBD	- 0.58	OWL
APO	- 0.5	BRO
BBD	- 0.47	RJF
BRO	- 0.42	STT

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	1.09	0.17	0.06	1.45	1.64	(1.04)	1.85	(2.34)	6.95
OWL	2.12	(0.12)	0.00	(0.40)	0.00	0.00	4.03	(5.00)	11.58
RJF	0.98	(0.05)	(0.04)	0.02	1.33	(0.98)	2.16	(2.15)	6.21
SOFI	3.27	0.00	0.04	0.07	4.52	(3.20)	6.75	(6.77)	20.12
BRO	1.16	(0.24)	0.00	(0.75)	0.00	0.00	2.60	(2.53)	8.57
HBAN	1.12	(0.01)	0.01	0.07	1.75	(1.07)	2.79	(2.70)	7.96
APO	1.49	0.12	0.08	0.15	1.84	(1.59)	3.61	(3.64)	9.71
MS	1.17	0.17	0.16	0.20	1.03	(1.34)	2.74	(2.21)	7.40
BBD	1.57	0.10	0.04	0.16	2.37	(1.63)	3.60	(3.53)	13.04

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC