Aramark Holdings Correlations

ARMK Stock

USD 39.16 0.15 0.38%

The current 90-days correlation between Aramark Holdings and ABM Industries Incorporated is 0.51 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aramark Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aramark Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Aramark Holdings Correlation With Market

Modest diversification

The correlation between Aramark Holdings and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aramark Holdings and DJI in the same portfolio, assuming nothing else is changed.

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

For more information on how to buy Aramark Stock please use our How to buy in Aramark Stock guide.

Moving together with Aramark Stock

0.69	AZZ	AZZ Incorporated	Pair Corr
0.69	GT	Goodyear Tire Rubber	Pair Corr
0.87	HD	Home Depot	Pair Corr

Moving against Aramark Stock

0.48	TM	Toyota Motor	Pair Corr
0.42	QS	Quantumscape Corp	Pair Corr
0.4	JL	J Long Group	Pair Corr
0.36	GV	Visionary Education	Pair Corr
0.36	ZK	ZEEKR Intelligent	Pair Corr
0.34	LI	Li Auto	Pair Corr

Related Correlations Analysis

	CVEO	ABM	ADMQ	MMS	CASS	FA	RTO	CBZ	AZZ	BV
CVEO		0.19	0.64	0.87	-0.03	0.0	-0.27	-0.85	-0.53	0.18	CVEO
ABM	0.19		0.47	0.08	0.81	0.39	0.59	0.03	0.61	0.77	ABM
ADMQ	0.64	0.47		0.48	0.32	0.34	0.03	-0.59	-0.06	0.3	ADMQ
MMS	0.87	0.08	0.48		-0.06	-0.19	-0.23	-0.75	-0.67	0.26	MMS
CASS	-0.03	0.81	0.32	-0.06		0.29	0.77	0.11	0.56	0.72	CASS
FA	0.0	0.39	0.34	-0.19	0.29		0.13	-0.04	0.44	0.43	FA
RTO	-0.27	0.59	0.03	-0.23	0.77	0.13		0.23	0.47	0.59	RTO
CBZ	-0.85	0.03	-0.59	-0.75	0.11	-0.04	0.23		0.65	-0.03	CBZ
AZZ	-0.53	0.61	-0.06	-0.67	0.56	0.44	0.47	0.65		0.33	AZZ
BV	0.18	0.77	0.3	0.26	0.72	0.43	0.59	-0.03	0.33		BV
	CVEO	ABM	ADMQ	MMS	CASS	FA	RTO	CBZ	AZZ	BV

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

MMS	+ 0.87	CVEO
CASS	+ 0.81	ABM
BV	+ 0.77	ABM
RTO	+ 0.77	CASS
BV	+ 0.72	CASS
AZZ	+ 0.65	CBZ

High negative correlations

CBZ	- 0.85	CVEO
CBZ	- 0.75	MMS
AZZ	- 0.67	MMS
CBZ	- 0.59	ADMQ
AZZ	- 0.53	CVEO
RTO	- 0.27	CVEO

Risk-Adjusted Indicators

There is a big difference between Aramark Stock performing well and Aramark Holdings 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 Aramark Holdings' 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
CVEO	1.32	(0.21)	0.00	(1.02)	0.00	0.00	3.08	(2.18)	9.73
ABM	1.21	(0.02)	0.00	(0.03)	0.00	0.00	2.04	(2.42)	13.29
ADMQ	4.65	(0.19)	0.00	(0.20)	0.00	0.00	14.02	(11.11)	39.84
MMS	1.15	(0.22)	0.00	(0.68)	0.00	0.00	2.18	(2.49)	9.73
CASS	1.29	(0.06)	0.00	(0.14)	0.00	0.00	2.78	(3.04)	13.07
FA	1.57	(0.10)	0.00	(0.32)	0.00	0.00	4.14	(3.09)	10.13
RTO	1.32	0.02	0.00	0.07	1.49	(1.54)	2.32	(2.32)	12.08
CBZ	1.28	0.39	0.26	1.14	1.11	(1.47)	2.55	(1.81)	11.45
AZZ	1.64	0.13	0.06	0.24	1.98	(1.79)	2.80	(3.14)	15.54
BV	1.67	(0.03)	0.00	(0.01)	0.00	0.00	2.85	(3.61)	19.91

Aramark Holdings Corporate Management

Lauren Harrington	Senior Vice President General Counsel	Profile
Autumn Bayles	Senior Organizations	Profile
Christopher Schilling	Controller, VP	Profile
Deborah Albert	Senior Vice President - Corporate Communications	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

2024 Macroaxis LLC