Aris Mining Correlations

ARMN Stock

4.14 0.17 4.28%

The current 90-days correlation between Aris Mining and Royal Gold is 0.65 (i.e., Poor 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

Good diversification

The correlation between Aris Mining and DJI is -0.12 (i.e., Good 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

0.76	BAK	Braskem SA Class	Pair Corr
0.78	DOW	Dow Inc Fiscal Year End 23rd of January 2025	Pair Corr
0.87	EGO	Eldorado Gold Corp	Pair Corr
0.92	GOLD	Barrick Gold Corp	Pair Corr
0.62	GURE	Gulf Resources	Pair Corr
0.78	SAND	Sandstorm Gold	Pair Corr
0.82	AU	AngloGold Ashanti plc	Pair Corr
0.85	CE	Celanese	Pair Corr
0.62	DC	Dakota Gold Corp	Pair Corr
0.63	FF	FutureFuel Corp	Pair Corr
0.85	HL	Hecla Mining Aggressive Push	Pair Corr
0.7	NB	NioCorp Developments	Pair Corr
0.66	NG	NovaGold Resources Buyout Trend	Pair Corr
0.85	SA	Seabridge Gold	Pair Corr
0.62	VALE	Vale SA ADR Aggressive Push	Pair Corr

Moving against Aris Stock

0.75	CENX	Century Aluminum	Pair Corr
0.65	ZEUS	Olympic Steel	Pair Corr
0.61	CF	CF Industries Holdings	Pair Corr
0.57	CC	Chemours	Pair Corr
0.54	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.72	WS	Worthington Steel Earnings Call Next Week	Pair Corr
0.7	OC	Owens Corning	Pair Corr
0.69	RS	Reliance Steel Aluminum	Pair Corr
0.65	NC	NACCO Industries	Pair Corr
0.62	MP	MP Materials Corp	Pair Corr
0.59	TT	Trane Technologies plc	Pair Corr
0.37	NX	Quanex Building Products Earnings Call Tomorrow	Pair Corr
0.36	MT	ArcelorMittal SA ADR	Pair Corr

Related Correlations Analysis

	FNV	RGLD	AGI	SA	PAAS	WPM	OR	CDE	EQX
FNV		0.62	0.84	0.74	0.65	0.89	0.56	0.43	0.31	FNV
RGLD	0.62		0.39	0.19	0.88	0.87	0.81	0.46	0.06	RGLD
AGI	0.84	0.39		0.77	0.44	0.7	0.25	0.67	0.68	AGI
SA	0.74	0.19	0.77		0.33	0.56	0.29	0.34	0.35	SA
PAAS	0.65	0.88	0.44	0.33		0.84	0.86	0.48	0.03	PAAS
WPM	0.89	0.87	0.7	0.56	0.84		0.75	0.52	0.23	WPM
OR	0.56	0.81	0.25	0.29	0.86	0.75		0.19	-0.21	OR
CDE	0.43	0.46	0.67	0.34	0.48	0.52	0.19		0.78	CDE
EQX	0.31	0.06	0.68	0.35	0.03	0.23	-0.21	0.78		EQX
	FNV	RGLD	AGI	SA	PAAS	WPM	OR	CDE	EQX

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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

WPM	+ 0.89	FNV
PAAS	+ 0.88	RGLD
WPM	+ 0.87	RGLD
OR	+ 0.86	PAAS
AGI	+ 0.84	FNV
WPM	+ 0.84	PAAS

High negative correlations

EQX

- 0.21

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
FNV	1.23	0.04	(0.05)	(0.50)	1.74	(1.20)	2.46	(2.61)	8.25
RGLD	1.19	0.16	0.02	(2.03)	1.41	(1.24)	2.83	(2.62)	7.40
AGI	1.53	0.15	0.01	(0.49)	1.72	(1.82)	4.45	(3.02)	12.40
SA	2.04	(0.23)	0.00	(1.51)	0.00	0.00	3.31	(3.84)	17.19
PAAS	2.24	0.36	0.11	(5.19)	1.85	(2.72)	6.05	(3.84)	14.73
WPM	1.44	0.13	(0.01)	(0.28)	1.88	(1.50)	2.78	(2.75)	10.53
OR	1.24	0.25	0.07	1.27	1.82	(1.19)	2.94	(2.93)	10.04
CDE	3.12	0.52	0.12	(4.21)	2.95	(3.70)	9.37	(4.50)	28.59
EQX	2.54	0.22	0.04	1.71	2.72	(3.12)	5.79	(4.95)	18.48

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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