Correlation Analysis
Ares Management Corporation Class A Common Stock vs Mastercard Incorporated
ARES vs MA
+0.930
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
Mastercard Incorporated
↗MA
Mastercard is the second-largest payment processor in the world, having processed close to $11 trillion in volume during 2025. Mastercard operates in over 200 countries and processes transactions in over 150 currencies.
Market cap 447.2B
Time Series
Relative Performance
Who Moves First
ARES leads MA by 6 days
ARES tends to move before MA.
After testing 13 timing shifts, the strongest relationship was +0.933 (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
+0.724
14 periods · Return correlation when both series rose
Both Falling
+0.814
9 periods · Return correlation when both series fell
Diverging
-0.773
12 periods · Return correlation when series moved apart
R-Squared
86.5%
Share of variance in one series explained by the other.
Trend Agreement
64.0%
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: [0.922, 0.937]
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
Mastercard Incorporated
MA
Market cap 447.2B
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
20
Estimated crossover points between normalized spreads.
Slope
1.9439
Linear regression slope.
Intercept
213.0137
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
ARES
Ares Management Corporation Class A Common Stock
Highest
+0.926
Costco Wholesale Corp
COST · 1,254 data points
Lowest
-0.043
Johnson & Johnson
JNJ · 1,254 data points
Saved 4 hours ago · ID: stock-ares-vs-stock-ma-daily