Aon PLC Correlations

Stocks . Germany . 
Stock . Aon PLC
4VK Stock  EUR 342.50  3.00  0.88%   
The current 90-days correlation between Aon PLC and Marsh McLennan Companies is 0.14 (i.e., Average 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

Weak diversification

The correlation between Aon PLC and DJI is 0.34 (i.e., Weak 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

  0.84MSN Marsh McLennan CompaniesPairCorr
  0.89GAH Arthur J GallagherPairCorr
  0.89WTY Willis Towers WatsonPairCorr
  0.96BTW Brown BrownPairCorr
  0.88CWK0 CRAWFORD A NVPairCorr
  0.87AVLA Air LeasePairCorr
  0.8ATR0 ATHENE HOLDING PRFSERCPairCorr
  0.81WDP Walt DisneyPairCorr
  0.91WB1 Westamerica BancorporationPairCorr
  0.84M4I MastercardPairCorr
  0.89XPH AmphenolPairCorr
  0.89ZIM Zimmer Biomet HoldingsPairCorr
  0.855AP Palo Alto Networks SplitPairCorr
  0.778L8 Liberty BroadbandPairCorr
  0.63NCL New China LifePairCorr
  0.61HXL HexcelPairCorr
  0.838XE ENGIE Eps SAPairCorr
  0.78A3B ACCO BrandsPairCorr
  0.933EC Eaton PLCPairCorr
  0.69SCY StratasysPairCorr
  0.92FQI Digital Realty TrustPairCorr
  0.88GTT TEGNA IncPairCorr
  0.79GKD Grand Canyon EducationPairCorr
  0.88PCG6 PG E P6PairCorr
  0.9QBE QBE Insurance GroupPairCorr
  0.82UBK UMWELTBANKPairCorr

Moving against Aon Stock

  0.8218M Sabre Insurance GroupPairCorr
  0.6703F IDP EDUCATION LTDPairCorr
  0.64TEY TeradynePairCorr
  0.564Y7 PLATO GOLD PPairCorr
  0.344CIA Fanhua IncPairCorr
  0.32013C JD IncPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
GAH
+ 0.93
MSN
GAH
+ 0.89
4VK
WTY
+ 0.89
4VK
CWK0
+ 0.88
4VK
4VK
+ 0.84
MSN
WTY
+ 0.84
GAH
  
High negative correlations   
18M
- 0.82
4VK
VVV3
- 0.75
1S6
18M
- 0.71
CWK0
18M
- 0.71
GAH
18M
- 0.71
MSN
18M
- 0.62
WTY

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.

Did you try this?

Run Earnings Calls Now

   

Earnings Calls

Check upcoming earnings announcements updated hourly across public exchanges
All  Next Launch Module

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.
Eric AndersenPresidentProfile
Darren ZeidelGen VPProfile
Gregory CaseCEO DirectorProfile
Kirk BehrensChief OfficerProfile
Frances SiguraniChief OfficerProfile
Leslie FollmerVP RelationsProfile
Michael NellerVP OfficerProfile
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY