Aegon Funding Correlations

AEFC Stock

USD 20.09 0.04 0.20%

The current 90-days correlation between Aegon Funding and Canaf Investments is 0.04 (i.e., Significant diversification). The correlation of Aegon Funding 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.

Aegon Funding Correlation With Market

Modest diversification

The correlation between Aegon Funding and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aegon Funding and DJI in the same portfolio, assuming nothing else is changed.

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

For information on how to trade Aegon Stock refer to our How to Trade Aegon Stock guide.

Moving against Aegon Stock

0.32	E	Eni SpA ADR	Pair Corr
0.34	EPSN	Epsilon Energy	Pair Corr

Related Correlations Analysis

	CAFZF	MITN	PNNT	APAM	NWMH	FDUS	GSHD	BKH
CAFZF		0.82	0.59	-0.04	0.0	0.83	0.56	0.35	CAFZF
MITN	0.82		0.8	-0.22	0.0	0.74	0.64	0.45	MITN
PNNT	0.59	0.8		-0.28	0.0	0.69	0.56	0.31	PNNT
APAM	-0.04	-0.22	-0.28		0.0	0.21	0.07	0.25	APAM
NWMH	0.0	0.0	0.0	0.0		0.0	0.0	0.0	NWMH
FDUS	0.83	0.74	0.69	0.21	0.0		0.53	0.35	FDUS
GSHD	0.56	0.64	0.56	0.07	0.0	0.53		0.81	GSHD
BKH	0.35	0.45	0.31	0.25	0.0	0.35	0.81		BKH
	CAFZF	MITN	PNNT	APAM	NWMH	FDUS	GSHD	BKH

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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

FDUS	+ 0.83	CAFZF
MITN	+ 0.82	CAFZF
BKH	+ 0.81	GSHD
PNNT	+ 0.8	MITN
FDUS	+ 0.74	MITN
FDUS	+ 0.69	PNNT

High negative correlations

APAM	- 0.28	PNNT
APAM	- 0.22	MITN
APAM	- 0.04	CAFZF
BKH	- 0.0	NWMH
GSHD	- 0.0	NWMH
FDUS	- 0.0	NWMH

Risk-Adjusted Indicators

There is a big difference between Aegon Stock performing well and Aegon Funding 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 Aegon Funding'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CAFZF	0.41	0.06	0.00	(0.37)	0.00	0.00	0.00	0.00	17.42
MITN	0.15	0.00	0.54	0.00	0.00	(0.23)	0.36	(0.32)	1.28
PNNT	0.81	0.14	0.12	0.27	1.32	(0.86)	1.86	(1.44)	7.49
APAM	1.47	(0.09)	0.00	(0.14)	0.00	0.00	2.39	(3.39)	9.44
NWMH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FDUS	0.79	0.06	0.09	0.03	0.98	(0.82)	1.63	(1.68)	4.10
GSHD	2.12	0.17	0.07	0.07	2.35	(2.51)	4.49	(4.92)	21.17
BKH	0.90	0.04	0.06	0.02	1.37	(0.86)	1.58	(2.11)	7.57

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