AES Corp Correlations
| AESCDelisted Stock | USD 84.96 2.66 3.04% |
The current 90-days correlation between AES Corp Unit and ServiceNow is -0.02 (i.e., Good diversification). The correlation of AES Corp 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.
AES Corp Correlation With Market
Significant diversification
The correlation between AES Corp Unit and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AES Corp Unit and DJI in the same portfolio, assuming nothing else is changed.
AES |
Moving against AES Stock
| 0.8 | META | Meta Platforms | PairCorr |
| 0.45 | SOJE | Southern Company | PairCorr |
| 0.44 | DTW | DTE Energy | PairCorr |
| 0.41 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.37 | NVDA | NVIDIA | PairCorr |
| 0.74 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.64 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.62 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.61 | HD | Home Depot Sell-off Trend | PairCorr |
| 0.42 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.34 | HPQ | HP Inc | PairCorr |
| 0.33 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.32 | T | ATT Inc Aggressive Push | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between AES Stock performing well and AES Corp 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 AES Corp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NOW | 1.40 | 0.22 | 0.16 | 0.31 | 1.26 | 3.04 | 8.12 | |||
| PSFE | 2.12 | (0.27) | 0.00 | (0.03) | 0.00 | 5.20 | 31.72 | |||
| RDCM | 2.35 | 0.23 | 0.04 | 0.76 | 3.15 | 5.40 | 19.90 | |||
| NXPL | 3.08 | (0.44) | 0.00 | (21.69) | 0.00 | 4.88 | 34.56 | |||
| WNW | 2.80 | 0.26 | 0.06 | 0.48 | 2.78 | 7.41 | 29.28 | |||
| IRDM | 2.19 | 0.16 | 0.04 | 0.37 | 2.87 | 3.63 | 17.08 | |||
| WIMI | 3.37 | 0.07 | 0.01 | 0.20 | 4.15 | 8.42 | 26.90 |
AES Corp 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 AES Corp stock to make a market-neutral strategy. Peer analysis of AES Corp could also be used in its relative valuation, which is a method of valuing AES Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
AES Corp Corporate Management
| Joel Abramson | Senior Acquisitions | Profile | |
| Tarun Khanna | Independent Director | Profile | |
| Letitia Mendoza | Chief Human Resource Officer, Executive Vice President | Profile | |
| Alain Monie | Independent Director | Profile | |
| John Morse | Chairman of the Board, Lead Independent Director | Profile |
Still Interested in AES Corp Unit?
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.