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Correlation Analysis

Apple Inc. vs Ares Management Corporation Class A Common Stock

AAPL vs ARES

+0.834

Strong positive

When one moves up, the other tends to follow.

AAPL logo

Apple Inc.

AAPL

Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses. Apple's iPhone makes up a majority of the firm sales, and Apple's other products like Mac, iPad, and Watch are designed around the iPhone as the focal point of an expansive software ecosystem. Apple has progressively worked to add new applications, like streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors while working with subcontractors like Foxconn and TSMC to build its products and chips. Slightly less than half of Apple's sales come directly through its flagship stores, with a majority of sales coming indirectly through partnerships and distribution.

Market cap 3.8T

ARES logo

Ares Management Corporation Class A Common Stock

ARES

Ares Management is one of the world's largest alternative-asset managers, with $622.5 billion in total assets under management, or AUM, including $384.9 billion in fee-earning AUM, at the end of 2025. The company has four main business segments: credit strategies ($406.9 billion in total AUM and $249.8 billion in fee-earning AUM), private equity, ($25.3 billion/$14.4 billion), real estate/real assets ($139.1 billion/$84.1 billion), and other alternatives ($51.2 billion/$36.6 billion). The firm primarily serves institutional investors (80% of AUM) and high-net-worth individuals (20%). Ares operates through more than 35 offices in over 15 countries around the globe.

Market cap 23.1B · 4,250 employees

Apr 9, 2021 — Apr 7, 2026Daily1,254 data pointsStockStockTechnology

Time Series

Relative Performance

Green: AAPLGray: ARES36 of 1,254 points (sampled)

Who Moves First

ARES leads AAPL by 6 days

ARES tends to move before AAPL.

After testing 13 timing shifts, the strongest relationship was +0.842 (they moved in the same direction).

Do They Crash Together?

Correlation by Market Regime

How these series behave when markets are rising, falling, or diverging. A correlation that holds in drawdowns is very different from one that only works in rallies.

Both Rising

-0.178

16 periods · Return correlation when both series rose

Both Falling

+0.727

10 periods · Return correlation when both series fell

Diverging

-0.865

9 periods · Return correlation when series moved apart

R-Squared

69.6%

Share of variance in one series explained by the other.

Trend Agreement

63.7%

How often both series moved in the same direction period-to-period.

Overlap Quality

1,254

Deep shared window — 1,254 usable pairs.

Significance

p < 0.001

95% CI: [0.817, 0.850]

Scatter

XY Regression

112.3120140160180200220240260280285.644.86080100120140160180194.7Apple Inc.Ares Management Corporation Class A Common StockData pointsFit (r = 0.834)

Pipeline

Data quality details

Pipeline Summary

1,254 paired data points survived the daily window.

Raw input

1,254

1,254

Normalized

1,254

1,254

Prepared

1,254

1,254

Aligned

1,254

1,254

Invalid removed

0

A: 0 / B: 0

Duplicates removed

0

A: 0 / B: 0

Alignment drops

0

A: 0 / B: 0

Series A

AAPL logo

Apple Inc.

AAPL

Market cap 3.8T

Stock · 1,254 raw → 1,254 prepared

Series B

ARES logo

Ares Management Corporation Class A Common Stock

ARES

Market cap 23.1B · 4,250 employees

Stock · 1,254 raw → 1,254 prepared

Sign agreement

100.0%

How often both values share the same sign.

Zero crossings

54

Estimated crossover points between normalized spreads.

Slope

0.8405

Linear regression slope.

Intercept

-45.5615

Linear regression intercept.

Related Extremes

Highest and Lowest Correlated

Saved 5 hours ago · ID: stock-aapl-vs-stock-ares-daily-20260408-ga9m8m