Aris Mining Correlations

ARMN Stock

3.73 0.05 1.32%

The current 90-days correlation between Aris Mining and Dine Brands Global is -0.07 (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

Significant diversification

The correlation between Aris Mining and DJI is 0.02 (i.e., Significant 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, which includes a position in Aris Mining. 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.

To learn how to invest in Aris Stock, please use our How to Invest in Aris Mining guide.

Moving together with Aris Stock

0.67	X	United States Steel	Pair Corr
0.82	TX	Ternium SA ADR	Pair Corr
0.68	NUE	Nucor Corp	Pair Corr
0.94	PKX	POSCO Holdings	Pair Corr
0.81	SID	Companhia Siderurgica	Pair Corr
0.95	AG	First Majestic Silver	Pair Corr
0.86	CE	Celanese	Pair Corr
0.72	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.73	EU	enCore Energy Corp	Pair Corr
0.69	FF	FutureFuel Corp	Pair Corr
0.86	HL	Hecla Mining Aggressive Push	Pair Corr
0.83	IE	Ivanhoe Electric	Pair Corr
0.92	OR	Osisko Gold Ro	Pair Corr
0.96	SA	Seabridge Gold	Pair Corr
0.89	VALE	Vale SA ADR Aggressive Push	Pair Corr
0.85	DNMR	Danimer Scientific	Pair Corr
0.83	HYMCL	Hycroft Mining Holding	Pair Corr
0.95	VOXR	Vox Royalty Corp	Pair Corr

Moving against Aris Stock

0.48	CF	CF Industries Holdings	Pair Corr
0.37	ZKIN	ZK International Upward Rally	Pair Corr

Related Correlations Analysis

	AIHS	DIN	WING	BJRI	LPCN	VALN	ARW
AIHS		-0.11	-0.18	-0.2	-0.02	-0.08	-0.52	AIHS
DIN	-0.11		0.65	0.53	0.07	-0.04	0.22	DIN
WING	-0.18	0.65		0.42	0.34	0.23	0.59	WING
BJRI	-0.2	0.53	0.42		0.01	-0.03	0.45	BJRI
LPCN	-0.02	0.07	0.34	0.01		0.62	0.47	LPCN
VALN	-0.08	-0.04	0.23	-0.03	0.62		0.48	VALN
ARW	-0.52	0.22	0.59	0.45	0.47	0.48		ARW
	AIHS	DIN	WING	BJRI	LPCN	VALN	ARW

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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

WING	+ 0.65	DIN
VALN	+ 0.62	LPCN
ARW	+ 0.59	WING
BJRI	+ 0.53	DIN
ARW	+ 0.48	VALN
ARW	+ 0.47	LPCN

High negative correlations

ARW	- 0.52	AIHS
BJRI	- 0.2	AIHS
WING	- 0.18	AIHS
DIN	- 0.11	AIHS
VALN	- 0.08	AIHS
VALN	- 0.04	DIN

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
AIHS	2.71	0.11	0.00	(0.81)	3.11	(3.43)	5.68	(6.06)	17.05
DIN	2.36	0.00	0.00	0.09	2.39	(2.78)	4.40	(4.01)	21.57
WING	2.01	(0.30)	0.00	(0.15)	0.00	0.00	3.30	(4.14)	23.67
BJRI	1.82	0.01	(0.01)	0.11	2.55	(1.84)	3.99	(3.27)	13.05
LPCN	3.53	(0.22)	0.00	0.51	0.00	0.00	6.55	(7.76)	24.60
VALN	2.77	(0.16)	0.00	(0.21)	0.00	0.00	4.81	(6.16)	25.53
ARW	1.26	(0.19)	0.00	6.49	0.00	0.00	2.24	(1.83)	13.69

Aris Mining Corporate Management

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

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