Ares Management Correlations

ARES Stock

USD 133.97 3.56 2.73%

The current 90-days correlation between Ares Management LP and State Street Corp is 0.58 (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. If the correlation is 0, the equities are not correlated; they are entirely random.

Ares Management Correlation With Market

Good diversification

The correlation between Ares Management LP and DJI is -0.03 (i.e., Good 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 discontinued.

Moving together with Ares Stock

0.95	BX	Blackstone Group	Pair Corr
0.63	CG	Carlyle Group	Pair Corr
0.77	NP	Neptune Insurance Downward Rally	Pair Corr
0.81	DMYY	dMY Squared Technology	Pair Corr
0.65	MFG	Magellan Financial	Pair Corr
0.73	VINP	Vinci Partners Inves	Pair Corr

Moving against Ares Stock

0.56	RA	Brookfield Real Assets	Pair Corr
0.52	FT	Franklin Universal Closed	Pair Corr
0.45	HHI	Henderson High Income	Pair Corr
0.42	WT	WisdomTree	Pair Corr
0.39	AB	AllianceBernstein	Pair Corr
0.38	PX	P10 Inc Symbol Change	Pair Corr
0.68	ALPN	Alpine Select AG	Pair Corr
0.59	SSSS-P	Shooting Star Acquisition	Pair Corr
0.47	VCTR	Victory Capital Holdings	Pair Corr
0.46	IPX	Impax Asset Management	Pair Corr
0.33	MNTN	Schiehallion Fund	Pair Corr
0.53	XOX-P	Planet X Capital	Pair Corr
0.44	8KF	ICHIYOSHI SECS LTD	Pair Corr
0.31	KUB1	Konsortium AG	Pair Corr

Related Correlations Analysis

	STT	OWL	RJF	SOFI	BRO	HBAN	APO	MS	BBD
STT		0.03	0.77	-0.36	-0.33	0.89	0.53	0.91	0.17	STT
OWL	0.03		0.19	0.81	0.76	-0.09	0.76	0.25	-0.76	OWL
RJF	0.77	0.19		-0.12	-0.11	0.73	0.44	0.87	0.17	RJF
SOFI	-0.36	0.81	-0.12		0.85	-0.46	0.43	-0.14	-0.71	SOFI
BRO	-0.33	0.76	-0.11	0.85		-0.36	0.52	-0.16	-0.82	BRO
HBAN	0.89	-0.09	0.73	-0.46	-0.36		0.42	0.83	0.23	HBAN
APO	0.53	0.76	0.44	0.43	0.52	0.42		0.59	-0.67	APO
MS	0.91	0.25	0.87	-0.14	-0.16	0.83	0.59		0.1	MS
BBD	0.17	-0.76	0.17	-0.71	-0.82	0.23	-0.67	0.1		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	+ 0.91	STT
HBAN	+ 0.89	STT
MS	+ 0.87	RJF
BRO	+ 0.85	SOFI
MS	+ 0.83	HBAN
SOFI	+ 0.81	OWL

High negative correlations

BBD	- 0.82	BRO
BBD	- 0.76	OWL
BBD	- 0.71	SOFI
BBD	- 0.67	APO
HBAN	- 0.46	SOFI
HBAN	- 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	1.21	0.07	0.04	0.08	1.91	(1.07)	2.19	(2.51)	9.12
OWL	2.01	(0.34)	0.00	(0.16)	0.00	0.00	3.66	(3.57)	14.79
RJF	1.24	(0.08)	0.00	(0.03)	0.00	0.00	2.28	(2.30)	11.78
SOFI	2.65	(0.79)	0.00	(0.30)	0.00	0.00	4.89	(6.36)	16.63
BRO	1.25	(0.22)	0.00	(0.48)	0.00	0.00	2.64	(2.62)	10.03
HBAN	1.33	0.15	0.08	0.18	1.65	(1.38)	3.38	(2.69)	10.36
APO	1.47	(0.14)	0.00	(0.05)	0.00	0.00	3.61	(4.42)	10.25
MS	1.33	0.02	0.02	0.05	1.71	(1.34)	2.74	(2.54)	10.66
BBD	1.56	0.12	0.04	0.34	2.22	(1.66)	4.00	(2.69)	12.49

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