ARES MREAL Correlations

41I Stock

EUR 4.35 0.02 0.46%

The current 90-days correlation between ARES MREAL ESTDL and COMBA TELECOM SYST is 0.23 (i.e., Modest diversification). The correlation of ARES MREAL is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

ARES MREAL Correlation With Market

Good diversification

The correlation between ARES MREAL ESTDL 01 and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ARES MREAL ESTDL 01 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to ARES MREAL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ARES MREAL 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 ARES MREAL - 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 ARES MREAL ESTDL 01 to buy it.

Moving together with ARES Stock

0.72	G18	Granite Point Mortgage	Pair Corr
0.62	73Z	ELLINGTON RESIDMTG SBI	Pair Corr

Moving against ARES Stock

0.81	DYT1	Dynex Capital	Pair Corr
0.7	BRYN	Berkshire Hathaway	Pair Corr
0.69	079A	Blackstone Mortgage Trust	Pair Corr
0.67	BRH	Berkshire Hathaway	Pair Corr
0.63	SEBA	S E BANKEN	Pair Corr
0.59	BRYN	Berkshire Hathaway	Pair Corr
0.51	DBPE	Xtrackers LevDAX	Pair Corr
0.5	2WGA	WOORI FIN GRP	Pair Corr
0.49	70X	LUMENT FINANCE TR	Pair Corr
0.49	E908	Lyxor 1	Pair Corr
0.47	45R	GREAT AJAX P	Pair Corr

Related Correlations Analysis

	ZFI1	SIT4	CI1A	4SB	QBE	COA1	B7O	ZFI1
ZFI1		0.59	0.91	0.83	0.79	0.75	0.55	0.92	ZFI1
SIT4	0.59		0.46	0.54	0.74	0.05	0.65	0.6	SIT4
CI1A	0.91	0.46		0.78	0.71	0.79	0.51	0.86	CI1A
4SB	0.83	0.54	0.78		0.62	0.62	0.62	0.8	4SB
QBE	0.79	0.74	0.71	0.62		0.48	0.54	0.72	QBE
COA1	0.75	0.05	0.79	0.62	0.48		0.28	0.68	COA1
B7O	0.55	0.65	0.51	0.62	0.54	0.28		0.56	B7O
ZFI1	0.92	0.6	0.86	0.8	0.72	0.68	0.56		ZFI1
	ZFI1	SIT4	CI1A	4SB	QBE	COA1	B7O	ZFI1

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Risk-Adjusted Indicators

There is a big difference between ARES Stock performing well and ARES MREAL 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 ARES MREAL'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
ZFI1	1.07	0.09	0.10	(4.90)	1.38	(1.34)	2.16	(2.10)	8.40
SIT4	1.20	0.01	0.07	(0.17)	1.80	(1.18)	2.13	(2.26)	7.88
CI1A	1.40	0.08	0.10	(0.31)	1.87	(1.63)	2.97	(2.89)	10.56
4SB	1.18	0.00	0.00	(0.10)	0.00	0.00	2.63	(2.31)	6.12
QBE	1.17	0.09	0.10	(1.10)	1.55	(1.41)	2.53	(2.47)	8.17
COA1	2.28	0.92	0.00	(1.12)	0.00	0.00	11.11	0.00	22.53
B7O	2.80	(0.02)	0.02	(0.05)	3.25	(6.50)	7.69	(6.90)	20.39
ZFI1	1.76	0.09	0.08	(0.77)	2.10	(2.07)	4.32	(3.90)	9.87

Be your own money manager

Our tools can tell you how much better you can do entering a position in ARES MREAL 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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