Aarons Correlations

Summary

AANDelisted Stock

USD 10.09 0.01 0.1%

The current 90-days correlation between Aarons and Custom Truck One is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aarons moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if The Aarons moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Aarons Correlation With Market

Significant diversification

The correlation between The Aarons and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Aarons and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Aarons Stock

0.65	FSTF	First State Financial	Pair Corr
0.64	MET	MetLife Sell-off Trend	Pair Corr
0.65	JXN-PA	Jackson Financial	Pair Corr
0.63	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.82	BAC	Bank of America Aggressive Push	Pair Corr
0.78	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.78	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.63	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.8	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.76	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.74	DIS	Walt Disney Sell-off Trend	Pair Corr
0.82	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.64	HD	Home Depot	Pair Corr
0.66	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr

Moving against Aarons Stock

0.78	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.77	KO	Coca Cola Aggressive Push	Pair Corr

Related Correlations Analysis

	CTOS	PRG	MGRC	HEES	HRI	ALTG	GATX	MPU	FTAIM
CTOS		0.26	0.8	0.68	0.7	0.92	0.96	0.57	0.72	CTOS
PRG	0.26		0.06	0.15	-0.03	0.31	0.23	-0.12	0.02	PRG
MGRC	0.8	0.06		0.86	0.91	0.76	0.83	0.42	0.83	MGRC
HEES	0.68	0.15	0.86		0.94	0.7	0.79	0.22	0.88	HEES
HRI	0.7	-0.03	0.91	0.94		0.68	0.79	0.28	0.91	HRI
ALTG	0.92	0.31	0.76	0.7	0.68		0.89	0.44	0.64	ALTG
GATX	0.96	0.23	0.83	0.79	0.79	0.89		0.48	0.8	GATX
MPU	0.57	-0.12	0.42	0.22	0.28	0.44	0.48		0.22	MPU
FTAIM	0.72	0.02	0.83	0.88	0.91	0.64	0.8	0.22		FTAIM
	CTOS	PRG	MGRC	HEES	HRI	ALTG	GATX	MPU	FTAIM

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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

GATX	+ 0.96	CTOS
HRI	+ 0.94	HEES
ALTG	+ 0.92	CTOS
HRI	+ 0.91	MGRC
FTAIM	+ 0.91	HRI
GATX	+ 0.89	ALTG

High negative correlations

MPU	- 0.12	PRG
HRI	- 0.03	PRG

Risk-Adjusted Indicators

There is a big difference between Aarons Stock performing well and Aarons 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 Aarons' 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
CTOS	2.66	0.26	0.16	0.23	2.50	(3.05)	8.95	(4.61)	17.86
PRG	1.66	(0.18)	(0.02)	0.04	2.36	(1.69)	2.85	(2.60)	13.25
MGRC	1.32	0.11	0.04	0.27	1.51	(1.32)	2.84	(3.05)	11.62
HEES	1.81	0.07	0.11	0.16	2.07	(1.94)	3.45	(3.21)	15.53
HRI	2.05	0.54	0.40	0.39	1.08	(2.57)	5.52	(2.08)	20.05
ALTG	3.12	(0.09)	0.05	0.10	3.78	(3.36)	6.65	(5.48)	25.52
GATX	1.15	0.07	0.10	0.18	0.93	(1.28)	2.79	(1.44)	8.69
MPU	4.52	0.18	0.01	(3.11)	6.36	(5.32)	10.06	(8.11)	36.32
FTAIM	0.56	0.11	(0.01)	2.16	0.52	(0.63)	1.47	(1.40)	3.64

Aarons Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Aarons stock to make a market-neutral strategy. Peer analysis of Aarons could also be used in its relative valuation, which is a method of valuing Aarons by comparing valuation metrics with similar companies.

Custom Truck One PROG Holdings McGrath RentCorp HE Equipment Services Herc Holdings Alta Equipment Group GATX Corporation Mega Matrix Corp FTAI Aviation Ltd American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne

Risk & Return

Correlation

Still Interested in The Aarons?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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