Correlation Analysis
Ares Management Corporation Class A Common Stock vs Exxon Mobil Corporation
ARES vs XOM
+0.580
Moderate 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
Exxon Mobil Corporation
↗XOM
ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil worldwide. In 2025, it produced 3.3 million barrels of liquids and 8.4 billion cubic feet of natural gas per day. At the end of 2024, reserves were 19.9 billion barrels of oil equivalent, 69% of which were liquids. The company is one of the world's largest refiners, with a total global refining capacity of 4.3 million barrels of oil per day, and is one of the world's largest manufacturers of commodity and specialty chemicals.
Market cap 680.7B
Time Series
Relative Performance
Who Moves First
ARES leads XOM by 6 days
ARES tends to move before XOM.
After testing 13 timing shifts, the strongest relationship was +0.584 (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
-0.376
13 periods · Return correlation when both series rose
Both Falling
-0.142
7 periods · Return correlation when both series fell
Diverging
-0.568
15 periods · Return correlation when series moved apart
R-Squared
33.6%
Share of variance in one series explained by the other.
Trend Agreement
58.5%
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: [0.542, 0.615]
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
Exxon Mobil Corporation
XOM
Market cap 680.7B
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
8
Estimated crossover points between normalized spreads.
Slope
0.3147
Linear regression slope.
Intercept
65.9697
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
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