Ares Acquisition Correlations

AACT-UN Stock

10.95 0.29 2.58%

The current 90-days correlation between Ares Acquisition and Voyager Acquisition Corp is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ares Acquisition moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ares Acquisition moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Ares Acquisition Correlation With Market

Significant diversification

The correlation between Ares Acquisition and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ares Acquisition 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 Ares Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Ares Stock, please use our How to Invest in Ares Acquisition guide.

Moving against Ares Stock

0.42	GHIX	Gores Holdings IX	Pair Corr
0.33	APXIU	APx Acquisition Corp	Pair Corr

Related Correlations Analysis

	VACH	YHNAR	YHNAU	NOEMU	VCIC	DTSQ	BRACR
VACH		-0.04	0.33	-0.21	-0.48	0.43	-0.35	VACH
YHNAR	-0.04		-0.07	0.03	-0.15	-0.15	0.0	YHNAR
YHNAU	0.33	-0.07		-0.57	-0.35	0.57	-0.35	YHNAU
NOEMU	-0.21	0.03	-0.57		-0.23	-0.31	0.18	NOEMU
VCIC	-0.48	-0.15	-0.35	-0.23		-0.13	0.59	VCIC
DTSQ	0.43	-0.15	0.57	-0.31	-0.13		-0.29	DTSQ
BRACR	-0.35	0.0	-0.35	0.18	0.59	-0.29		BRACR
	VACH	YHNAR	YHNAU	NOEMU	VCIC	DTSQ	BRACR

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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

BRACR	+ 0.59	VCIC
DTSQ	+ 0.57	YHNAU
DTSQ	+ 0.43	VACH
YHNAU	+ 0.33	VACH
BRACR	+ 0.18	NOEMU
NOEMU	+ 0.03	YHNAR

High negative correlations

NOEMU	- 0.57	YHNAU
VCIC	- 0.48	VACH
BRACR	- 0.35	YHNAU
VCIC	- 0.35	YHNAU
BRACR	- 0.35	VACH
DTSQ	- 0.31	NOEMU

Risk-Adjusted Indicators

There is a big difference between Ares Stock performing well and Ares Acquisition 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 Acquisition'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
VACH	0.09	0.00	(0.13)	(0.02)	0.03	(0.16)	0.20	(0.20)	1.09
YHNAR	4.75	0.22	0.00	0.28	0.00	0.00	18.18	(8.33)	26.52
YHNAU	0.20	0.01	(0.01)	0.37	0.51	(0.41)	0.50	(0.30)	5.56
NOEMU	0.08	0.01	0.00	(0.86)	0.00	0.00	0.10	(0.10)	0.80
VCIC	0.06	0.01	(0.12)	1.02	0.00	(0.14)	0.20	(0.10)	0.50
DTSQ	0.07	0.01	(0.08)	0.92	0.00	(0.17)	0.20	(0.10)	0.69
BRACR	5.61	0.07	0.00	0.08	8.08	(14.35)	15.38	(15.38)	54.51

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