Ares Acquisition Correlations

AACT Stock

10.98 0.03 0.27%

The current 90-days correlation between Ares Acquisition and Luxfer Holdings PLC is -0.02 (i.e., Good diversification). The correlation of Ares Acquisition 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Ares Acquisition Correlation With Market

Good diversification

The correlation between Ares Acquisition and DJI is -0.1 (i.e., Good 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 main economic indicators.

For more information on how to buy Ares Stock please use our How to Invest in Ares Acquisition guide.

Moving together with Ares Stock

0.86	V	Visa Class A	Pair Corr
0.68	BN	Brookfield Corp	Pair Corr
0.72	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.61	CG	Carlyle Group	Pair Corr
0.7	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.86	LC	LendingClub Corp	Pair Corr
0.85	LX	Lexinfintech Holdings	Pair Corr
0.8	MA	Mastercard	Pair Corr
0.66	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.76	PX	P10 Inc	Pair Corr
0.85	QD	Qudian Inc	Pair Corr
0.71	VCTR	Victory Capital Holdings	Pair Corr
0.65	GCMGW	GCM Grosvenor	Pair Corr
0.77	VIRT	Virtu Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.69	ENVA	Enova International	Pair Corr
0.72	EZPW	EZCORP Inc Normal Trading	Pair Corr
0.88	FDUS	Fidus Investment Corp	Pair Corr
0.61	FINV	FinVolution Group	Pair Corr

Moving against Ares Stock

0.9	XP	Xp Inc	Pair Corr
0.72	LU	Lufax Holding	Pair Corr
0.71	WD	Walker Dunlop	Pair Corr
0.71	WU	Western Union	Pair Corr
0.46	LGHLW	Lion Financial Group	Pair Corr
0.78	UWMC	UWM Holdings Corp	Pair Corr
0.77	FCFS	FirstCash	Pair Corr
0.72	CNF	CNFinance Holdings	Pair Corr
0.47	PFSI	PennyMac Finl Svcs	Pair Corr

Related Correlations Analysis

	LXFR	AMGN	OMHE	ORGN	CC	XFABF	NEOG	AVNT
LXFR		-0.26	0.0	-0.42	0.38	-0.84	0.12	0.38	LXFR
AMGN	-0.26		0.0	0.87	0.08	0.4	0.77	0.48	AMGN
OMHE	0.0	0.0		0.0	0.0	0.0	0.0	0.0	OMHE
ORGN	-0.42	0.87	0.0		0.18	0.54	0.6	0.43	ORGN
CC	0.38	0.08	0.0	0.18		-0.31	0.29	0.75	CC
XFABF	-0.84	0.4	0.0	0.54	-0.31		-0.09	-0.23	XFABF
NEOG	0.12	0.77	0.0	0.6	0.29	-0.09		0.68	NEOG
AVNT	0.38	0.48	0.0	0.43	0.75	-0.23	0.68		AVNT
	LXFR	AMGN	OMHE	ORGN	CC	XFABF	NEOG	AVNT

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

ORGN	+ 0.87	AMGN
NEOG	+ 0.77	AMGN
AVNT	+ 0.75	CC
AVNT	+ 0.68	NEOG
NEOG	+ 0.6	ORGN
XFABF	+ 0.54	ORGN

High negative correlations

XFABF	- 0.84	LXFR
ORGN	- 0.42	LXFR
XFABF	- 0.31	CC
AMGN	- 0.26	LXFR
AVNT	- 0.23	XFABF
NEOG	- 0.09	XFABF

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
LXFR	1.71	0.06	0.03	(0.26)	1.76	(2.16)	3.46	(2.97)	18.80
AMGN	1.01	(0.31)	0.00	(0.74)	0.00	0.00	1.60	(2.70)	9.43
OMHE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ORGN	2.78	(0.28)	0.00	(0.65)	0.00	0.00	8.25	(5.11)	26.65
CC	1.88	(0.27)	0.00	(0.13)	0.00	0.00	3.51	(3.40)	23.73
XFABF	0.91	0.05	0.01	(0.08)	2.09	(3.08)	1.97	(2.11)	23.09
NEOG	2.26	(0.44)	0.00	(1.70)	0.00	0.00	4.09	(6.50)	12.51
AVNT	1.32	(0.30)	0.00	(0.70)	0.00	0.00	2.65	(2.34)	13.45

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