Aris Mining Correlations

ARIS Stock

CAD 30.90 0.21 0.68%

The current 90-days correlation between Aris Mining and Allied Gold is 0.29 (i.e., Modest 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

Poor diversification

The correlation between Aris Mining and DJI is 0.77 (i.e., 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

0.97	AG	First Majestic Silver	Pair Corr
0.68	IE	Ivanhoe Energy	Pair Corr
0.93	ORE	Orezone Gold Corp	Pair Corr
0.9	FDY	Faraday Copper Corp	Pair Corr
0.82	BBD-B	Bombardier	Pair Corr
0.84	BCE	BCE Inc	Pair Corr
0.61	WN	George Weston Limited Earnings Call This Week	Pair Corr
0.74	TRP	TC Energy Corp	Pair Corr
0.91	MGA	Mega Uranium	Pair Corr
0.84	SU	Suncor Energy	Pair Corr
0.91	LNR	Linamar Earnings Call This Week	Pair Corr
0.77	SLF-PJ	Sun Life Financial	Pair Corr
0.68	OYL	CGX Energy	Pair Corr
0.86	PSLV	Sprott Physical Silver	Pair Corr
0.74	NIM	Nicola Mining	Pair Corr
0.87	CJT	Cargojet	Pair Corr
0.77	FTEC	Fintech Select	Pair Corr
0.66	AZT	Aztec Minerals Corp	Pair Corr
0.64	TUF	Honey Badger Silver	Pair Corr
0.94	ATX	ATEX Resources	Pair Corr
0.69	GIG	XAU Resources	Pair Corr
0.75	NAR	North Arrow Minerals	Pair Corr
0.89	HLF	High Liner Foods	Pair Corr
0.9	BPF-UN	Boston Pizza Royalties	Pair Corr
0.91	MU	Micron Technology	Pair Corr
0.83	PESO	Pesorama	Pair Corr
0.88	TUO	Teuton Resources Corp	Pair Corr
0.81	BN-PC	Brookfield	Pair Corr
0.7	GKO	Geekco Technologies Corp	Pair Corr

Moving against Aris Stock

0.6

TMX Group Limited

Pair Corr

Related Correlations Analysis

	AAUC	CIA	SKE	MAU	IE	EDR	ERO	PPTA	SVM	SLS
AAUC		0.09	0.94	0.91	0.71	0.89	0.88	0.69	0.89	0.93	AAUC
CIA	0.09		-0.03	-0.19	0.65	0.23	0.28	0.42	0.2	0.01	CIA
SKE	0.94	-0.03		0.97	0.59	0.91	0.82	0.74	0.92	0.93	SKE
MAU	0.91	-0.19	0.97		0.47	0.84	0.77	0.61	0.85	0.91	MAU
IE	0.71	0.65	0.59	0.47		0.72	0.83	0.69	0.68	0.67	IE
EDR	0.89	0.23	0.91	0.84	0.72		0.85	0.89	0.98	0.88	EDR
ERO	0.88	0.28	0.82	0.77	0.83	0.85		0.69	0.83	0.88	ERO
PPTA	0.69	0.42	0.74	0.61	0.69	0.89	0.69		0.88	0.7	PPTA
SVM	0.89	0.2	0.92	0.85	0.68	0.98	0.83	0.88		0.88	SVM
SLS	0.93	0.01	0.93	0.91	0.67	0.88	0.88	0.7	0.88		SLS
	AAUC	CIA	SKE	MAU	IE	EDR	ERO	PPTA	SVM	SLS

Please upgrade your account to get full access to Macroaxis premium features

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

SVM	+ 0.98	EDR
MAU	+ 0.97	SKE
SKE	+ 0.94	AAUC
SLS	+ 0.93	AAUC
SLS	+ 0.93	SKE
SVM	+ 0.92	SKE

High negative correlations

MAU	- 0.19	CIA
SKE	- 0.03	CIA

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	1.82	0.84	0.44	0.88	0.96	(2.16)	6.26	(1.42)	15.55
CIA	1.70	0.04	0.02	0.12	2.09	(1.83)	3.78	(3.73)	11.75
SKE	2.74	1.00	0.22	0.87	3.45	(3.00)	6.60	(6.36)	22.08
MAU	3.02	1.27	0.30	1.36	3.15	(3.47)	7.74	(4.62)	24.36
IE	3.72	0.41	0.09	0.28	4.85	(3.86)	7.05	(8.02)	26.80
EDR	3.82	0.76	0.17	0.36	4.55	(4.12)	9.39	(5.64)	28.86
ERO	2.47	0.58	0.13	1.84	3.36	(2.56)	5.58	(4.25)	18.08
PPTA	3.75	0.55	0.13	0.32	4.55	(4.15)	8.05	(7.37)	29.81
SVM	3.38	1.02	0.21	0.66	4.31	(3.85)	8.16	(5.88)	27.02
SLS	2.55	0.48	0.14	0.61	3.14	(2.81)	5.58	(3.53)	20.25

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.

Did you try this?

Run Bollinger Bands Now

Bollinger Bands

Use Bollinger Bands indicator to analyze target price for a given investing horizon

All Next

Launch Module

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.

Neil FCA	CEO Director	Profile
CFA CFA	Ex CFO	Profile
Cameron Paterson	Chief Officer	Profile
Cornelius Lourens	Senior Services	Profile
Oliver Dachsel	Senior Markets	Profile
BA MBA	VP Relations	Profile
MBA LLB	VP Sustainability	Profile

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