Correlation Analysis
Ares Management Corporation Class A Common Stock vs Eli Lilly & Co.
ARES vs LLY
+0.873
Very strong positive
When one moves up, the other tends to follow.
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
Eli Lilly & Co.
↗LLY
Eli Lilly is a drug firm with a focus on neuroscience, cardiometabolic, cancer, and immunology. Lilly's key products include Verzenio for cancer; Mounjaro, Zepbound, Jardiance, Trulicity, Humalog, and Humulin for cardiometabolic; and Taltz and Olumiant for immunology.
Market cap 828.2B · 50,000 employees
Time Series
Relative Performance
Who Moves First
ARES leads LLY by 6 days
ARES tends to move before LLY.
After testing 13 timing shifts, the strongest relationship was +0.877 (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
+0.393
15 periods · Return correlation when both series rose
Both Falling
+0.843
5 periods · Return correlation when both series fell
Diverging
-0.406
15 periods · Return correlation when series moved apart
R-Squared
76.2%
Share of variance in one series explained by the other.
Trend Agreement
57.8%
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: [0.859, 0.885]
Scatter
XY Regression
Pipeline
Data quality details
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
Ares Management Corporation Class A Common Stock
ARES
Market cap 23.1B · 4,250 employees
Stock · 1,254 raw → 1,254 prepared
Series B
Eli Lilly & Co.
LLY
Market cap 828.2B · 50,000 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
13
Estimated crossover points between normalized spreads.
Slope
5.7710
Linear regression slope.
Intercept
-81.4910
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
ARES
Ares Management Corporation Class A Common Stock
Highest
+0.930
Mastercard Incorporated
MA · 1,254 data points
Lowest
-0.043
Johnson & Johnson
JNJ · 1,254 data points
Saved 6 hours ago · ID: stock-ares-vs-stock-lly-daily