Arthur J Correlations

Stocks . USA . 
Stock . Arthur J Gallagher
AJG Stock  USD 331.79  2.65  0.79%   
The current 90-days correlation between Arthur J Gallagher and Aon PLC is 0.54 (i.e., Very weak diversification). The correlation of Arthur J 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.

Arthur J Correlation With Market

Average diversification

The correlation between Arthur J Gallagher and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arthur J Gallagher 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 Arthur J Gallagher. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with Arthur Stock

  0.81AON Aon PLCPairCorr
  0.63BRO Brown BrownPairCorr
  0.77MMC Marsh McLennan CompaniesPairCorr
  0.88GSHD Goosehead InsurancePairCorr
  0.87V Visa Class APairCorr
  0.75BK Bank of New YorkPairCorr
  0.82DB Deutsche Bank AGPairCorr
  0.64GL Globe LifePairCorr

Moving against Arthur Stock

  0.68DHIL Diamond Hill InvestmentPairCorr
  0.66RELI Reliance Global GroupPairCorr
  0.54AIFU Fanhua Inc Symbol ChangePairCorr
  0.48BX Blackstone Group Normal TradingPairCorr
  0.4TIRX Tian Ruixiang HoldingsPairCorr
  0.38ZBAO Zhibao Technology ClassPairCorr
  0.38AX Axos FinancialPairCorr
  0.36CG Carlyle Group Normal TradingPairCorr
  0.76WD Walker DunlopPairCorr
  0.74CM Canadian Imperial BankPairCorr
  0.63KB KB Financial GroupPairCorr
  0.61LC LendingClub Corp Sell-off TrendPairCorr
  0.59RY Royal BankPairCorr
  0.5WT WisdomTreePairCorr
  0.49MC MoelisPairCorr
  0.48EG Everest GroupPairCorr
  0.47PX P10 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   
MMC
+ 0.99
AON
MMC
+ 0.94
BRO
BRO
+ 0.93
AON
MMC
+ 0.84
WTW
WTW
+ 0.83
AON
WTW
+ 0.79
BRO
  
High negative correlations   
CRVL
- 0.4
BRO
CRVL
- 0.36
ERIE
CRVL
- 0.14
AON
CRVL
- 0.13
MMC
CRVL
- 0.13
WTW
CRVL
- 0.0
FANH

Risk-Adjusted Indicators

There is a big difference between Arthur Stock performing well and Arthur J 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 Arthur J'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.

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