Aris Mining Correlations

ARMNDelisted Stock

19.16 0.26 1.38%

The current 90-days correlation between Aris Mining and West African Resources is -0.05 (i.e., Good 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 0.83 (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.

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

Moving together with Aris Stock

0.74	B	Barrick Mining Symbol Change	Pair Corr
0.85	BP60	ALMA METALS LTD	Pair Corr
0.82	AA	Alcoa Corp	Pair Corr
0.81	AG	First Majestic Silver Aggressive Push	Pair Corr
0.86	AP	Ampco Pittsburgh	Pair Corr
0.77	AU	AngloGold Ashanti plc	Pair Corr
0.61	SRM	Seabridge Gold	Pair Corr
0.69	HL	Hecla Mining	Pair Corr
0.83	MT	ArcelorMittal SA ADR	Pair Corr
0.77	OR	Osisko Gold Ro	Pair Corr
0.87	RS	Reliance Steel Aluminum	Pair Corr
0.61	SA	Seabridge Gold	Pair Corr
0.73	TG	Tredegar	Pair Corr
0.89	TX	Ternium SA ADR	Pair Corr
0.84	WS	Worthington Steel	Pair Corr
0.75	CUU	Copper Fox Metals	Pair Corr
0.92	VALE	Vale SA ADR	Pair Corr
0.62	ARI	Arika Resources	Pair Corr
0.66	SRK	Strike Resources	Pair Corr
0.78	LY1	Lion One Metals Earnings Call Tomorrow	Pair Corr
0.8	UJ0	WEST RED LAKE	Pair Corr
0.89	H6F	ARIZONA SONORAN PER	Pair Corr
0.9	DHR	Discovery Harbour	Pair Corr
0.63	P4Q	Perseus Mining	Pair Corr
0.79	ELY	Ely Gold Royalties	Pair Corr
0.83	WPM	Wheaton Precious Metals	Pair Corr

Moving against Aris Stock

0.47	0GC0	RIDGELINE MINERALS	Pair Corr
0.84	R8R	REGENER8 Resources	Pair Corr
0.39	GML	Gateway Mining	Pair Corr
0.45	FHS	Freehill Mining	Pair Corr

Related Correlations Analysis

	WFRSF	MAUTF	RMGGF	AAUC	SNWGF	EOGSF	PAFRF	CGAU	BELGF	CNL
WFRSF		0.84	0.84	0.93	0.62	0.8	0.73	0.89	0.77	0.81	WFRSF
MAUTF	0.84		0.92	0.91	0.53	0.82	0.92	0.95	0.79	0.91	MAUTF
RMGGF	0.84	0.92		0.92	0.55	0.82	0.86	0.93	0.8	0.89	RMGGF
AAUC	0.93	0.91	0.92		0.64	0.9	0.85	0.96	0.85	0.91	AAUC
SNWGF	0.62	0.53	0.55	0.64		0.73	0.51	0.67	0.78	0.73	SNWGF
EOGSF	0.8	0.82	0.82	0.9	0.73		0.83	0.88	0.88	0.91	EOGSF
PAFRF	0.73	0.92	0.86	0.85	0.51	0.83		0.89	0.79	0.9	PAFRF
CGAU	0.89	0.95	0.93	0.96	0.67	0.88	0.89		0.84	0.94	CGAU
BELGF	0.77	0.79	0.8	0.85	0.78	0.88	0.79	0.84		0.85	BELGF
CNL	0.81	0.91	0.89	0.91	0.73	0.91	0.9	0.94	0.85		CNL
	WFRSF	MAUTF	RMGGF	AAUC	SNWGF	EOGSF	PAFRF	CGAU	BELGF	CNL

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

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
WFRSF	6.90	1.76	0.14	(0.89)	6.67	(12.43)	19.47	(15.73)	66.88
MAUTF	3.20	1.49	0.34	3.53	3.08	(3.81)	7.44	(4.90)	26.84
RMGGF	3.93	0.89	0.13	3.12	4.28	(5.91)	11.63	(7.50)	26.92
AAUC	1.96	0.96	0.44	1.00	1.33	(2.39)	6.12	(1.95)	17.83
SNWGF	2.95	0.57	0.14	0.47	3.80	(3.25)	6.35	(6.92)	19.90
EOGSF	2.67	0.74	0.13	4.39	2.89	(3.52)	9.61	(6.02)	22.72
PAFRF	2.60	1.28	0.00	(2.03)	0.00	0.00	11.11	(2.47)	39.00
CGAU	2.54	0.89	0.20	0.96	3.41	(2.88)	5.69	(5.34)	26.35
BELGF	3.44	0.78	0.14	0.82	4.08	(4.42)	8.33	(5.79)	26.72
CNL	3.40	1.13	0.23	1.25	3.83	(3.71)	10.33	(6.09)	25.04

Delisting Warning - ARMN

Aris Mining was delisted

The entity Aris Mining with a symbol ARMN was delisted from NYSE MKT Exchange. Please try Aris Water Solutions with a symbol ARIS from now on. Check all delisted instruments accross multiple markets.

Aris Mining Corporate Management

Giovanna Romero	Senior Sustainability	Profile
Cameron Paterson	Chief Officer	Profile
Richard Orazietti	Chief Officer	Profile
Pamela PGeo	Senior Exploration	Profile
Cornelius Lourens	Senior Services	Profile
Oliver Dachsel	Senior Markets	Profile

Still Interested in Aris Mining?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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