Aon PLC Correlations

4VK Stock  EUR 371.30  2.60  0.71%   
The current 90-days correlation between Aon PLC and S E BANKEN A is 0.02 (i.e., Significant diversification). The correlation of Aon PLC is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Aon PLC Correlation With Market

AonDowDiversified AwayAonDowDiversified Away100%

Average diversification

The correlation between Aon PLC and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aon PLC and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Aon PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aon PLC when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Aon PLC - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Aon PLC to buy it.

Moving together with Aon Stock

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  0.86GAH Arthur J GallagherPairCorr
  0.9BTW Brown BrownPairCorr
  0.86MLB1 MercadoLibrePairCorr
  0.61GLE Gladstone Commercial Earnings Call This WeekPairCorr
  0.73NS7 Northern Star Resources Earnings Call This WeekPairCorr
  0.76CZH Choice Hotels Intern Earnings Call TomorrowPairCorr

Moving against Aon Stock

  0.766FO GOODTECH ASA APairCorr
  0.5918M Sabre Insurance GroupPairCorr
  0.45BRH Berkshire Hathaway Earnings Call This WeekPairCorr
  0.48DYQ ASOS PLCPairCorr
  0.32BOSS Hugo Boss AGPairCorr

Related Correlations Analysis

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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   
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M0GSEBA
  
High negative correlations   
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CBRH4L1

Risk-Adjusted Indicators

There is a big difference between Aon Stock performing well and Aon PLC 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 Aon PLC's 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Aon PLC without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Aon PLC Corporate Management

Elected by the shareholders, the Aon PLC's board of directors comprises two types of representatives: Aon PLC inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aon. The board's role is to monitor Aon PLC's management team and ensure that shareholders' interests are well served. Aon PLC's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Aon PLC's outside directors are responsible for providing unbiased perspectives on the board's policies.

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