Aon PLC Correlations

Stocks . USA . 
Stock . Aon PLC
AON Stock  USD 390.98  7.81  1.96%   
The current 90-days correlation between Aon PLC and Arthur J Gallagher is 0.66 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aon PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aon PLC moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Aon PLC Correlation With Market

Weak diversification

The correlation between Aon PLC and DJI is 0.38 (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.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aon PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
To learn how to invest in Aon Stock, please use our How to Invest in Aon PLC guide.

Moving together with Aon Stock

  0.97AJG Arthur J GallagherPairCorr
  0.96BRO Brown BrownPairCorr
  0.99MMC Marsh McLennan CompaniesPairCorr
  0.84WTW Willis Towers WatsonPairCorr
  0.86GSHD Goosehead InsurancePairCorr
  0.86V Visa Class APairCorr
  0.77BK Bank of New YorkPairCorr
  0.88DB Deutsche Bank AGPairCorr
  0.8GL Globe LifePairCorr

Moving against Aon Stock

  0.69BX Blackstone Group Normal TradingPairCorr
  0.65AIFU Fanhua Inc Symbol ChangePairCorr
  0.58RELI Reliance Global GroupPairCorr
  0.56AX Axos FinancialPairCorr
  0.53CG Carlyle Group Normal TradingPairCorr
  0.52DHIL Diamond Hill InvestmentPairCorr
  0.49ZBAO Zhibao Technology ClassPairCorr
  0.45RELIW Reliance Global GroupPairCorr
  0.86LC LendingClub Corp Sell-off TrendPairCorr
  0.72CM Canadian Imperial BankPairCorr
  0.69WT WisdomTreePairCorr
  0.66WD Walker DunlopPairCorr
  0.63KB KB Financial GroupPairCorr
  0.56RY Royal BankPairCorr
  0.48MC MoelisPairCorr
  0.48PX P10 IncPairCorr

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   
MMC
+ 0.97
AJG
MMC
+ 0.95
BRO
BRO
+ 0.91
AJG
MMC
+ 0.84
WTW
WTW
+ 0.82
AJG
WTW
+ 0.78
BRO
  
High negative correlations   
CRVL
- 0.36
BRO
CRVL
- 0.26
ERIE
CRVL
- 0.19
WTW
CRVL
- 0.15
MMC
CRVL
- 0.15
AJG
CRVL
- 0.0
FANH

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.

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