Aris Mining Correlations

ARIS Stock

CAD 24.70 1.14 4.84%

The current 90-days correlation between Aris Mining and Allied Gold is 0.46 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aris Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aris Mining moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Aris Mining Correlation With Market

Very poor diversification

The correlation between Aris Mining and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aris Mining and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Aris Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aris Mining when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Aris Mining - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Aris Mining to buy it.

Moving together with Aris Stock

0.95	AG	First Majestic Silver	Pair Corr
0.9	IE	Ivanhoe Energy	Pair Corr
0.92	ORE	Orezone Gold Corp	Pair Corr
0.79	FDR	Flinders Resources	Pair Corr
0.88	FDY	Faraday Copper Corp	Pair Corr
0.88	GOOG	Alphabet CDR	Pair Corr
0.88	GOOG	Alphabet CDR	Pair Corr
0.89	WMT	Walmart Inc CDR	Pair Corr

Moving against Aris Stock

0.78	MSFT	Microsoft CDR	Pair Corr
0.78	MSFT	Microsoft Corp CDR	Pair Corr
0.6	AAPL	Apple CDR	Pair Corr
0.6	AAPL	Apple Inc CDR	Pair Corr

Related Correlations Analysis

	AAUC	CIA	SKE	MAU	IE	EDR	ERO	PPTA	SVM	SLS
AAUC		0.88	0.98	0.97	0.93	0.94	0.96	0.89	0.95	0.94	AAUC
CIA	0.88		0.88	0.83	0.89	0.84	0.86	0.86	0.86	0.81	CIA
SKE	0.98	0.88		0.96	0.92	0.94	0.95	0.9	0.96	0.96	SKE
MAU	0.97	0.83	0.96		0.91	0.93	0.96	0.83	0.94	0.95	MAU
IE	0.93	0.89	0.92	0.91		0.92	0.93	0.89	0.92	0.89	IE
EDR	0.94	0.84	0.94	0.93	0.92		0.91	0.94	0.98	0.92	EDR
ERO	0.96	0.86	0.95	0.96	0.93	0.91		0.83	0.91	0.95	ERO
PPTA	0.89	0.86	0.9	0.83	0.89	0.94	0.83		0.93	0.86	PPTA
SVM	0.95	0.86	0.96	0.94	0.92	0.98	0.91	0.93		0.94	SVM
SLS	0.94	0.81	0.96	0.95	0.89	0.92	0.95	0.86	0.94		SLS
	AAUC	CIA	SKE	MAU	IE	EDR	ERO	PPTA	SVM	SLS

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Risk-Adjusted Indicators

There is a big difference between Aris Stock performing well and Aris Mining 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 Aris Mining'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
AAUC	2.32	0.85	0.24	0.67	2.71	(2.63)	6.26	(4.66)	15.55
CIA	1.77	0.34	0.16	0.43	1.77	(2.16)	4.31	(2.75)	17.18
SKE	2.53	0.87	0.24	1.23	2.85	(2.82)	5.60	(4.24)	22.08
MAU	2.53	0.97	0.33	1.39	2.25	(3.10)	6.95	(3.31)	23.31
IE	3.88	0.45	0.10	0.30	4.54	(4.29)	8.04	(6.08)	26.80
EDR	3.50	0.41	0.10	0.24	4.03	(3.88)	9.39	(5.64)	28.86
ERO	2.28	0.69	0.20	1.92	2.64	(2.49)	4.83	(3.76)	17.04
PPTA	3.54	0.25	0.05	0.26	4.62	(3.74)	7.44	(6.88)	29.81
SVM	2.91	0.68	0.17	0.57	3.50	(3.27)	7.27	(5.19)	27.02
SLS	2.41	0.57	0.17	0.82	2.89	(2.73)	5.27	(3.15)	21.48

Be your own money manager

Our tools can tell you how much better you can do entering a position in Aris Mining without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Aris Mining Corporate Management

Elected by the shareholders, the Aris Mining's board of directors comprises two types of representatives: Aris Mining inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aris. The board's role is to monitor Aris Mining's management team and ensure that shareholders' interests are well served. Aris Mining's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Aris Mining's outside directors are responsible for providing unbiased perspectives on the board's policies.

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