Aon PLC Correlations
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.
Aon |
Moving together with Aon Stock
0.97 | AJG | Arthur J Gallagher | PairCorr |
0.96 | BRO | Brown Brown | PairCorr |
0.99 | MMC | Marsh McLennan Companies | PairCorr |
0.84 | WTW | Willis Towers Watson | PairCorr |
0.86 | GSHD | Goosehead Insurance | PairCorr |
0.86 | V | Visa Class A | PairCorr |
0.77 | BK | Bank of New York | PairCorr |
0.88 | DB | Deutsche Bank AG | PairCorr |
0.8 | GL | Globe Life | PairCorr |
Moving against Aon Stock
0.69 | BX | Blackstone Group Normal Trading | PairCorr |
0.65 | AIFU | Fanhua Inc Symbol Change | PairCorr |
0.58 | RELI | Reliance Global Group | PairCorr |
0.56 | AX | Axos Financial | PairCorr |
0.53 | CG | Carlyle Group Normal Trading | PairCorr |
0.52 | DHIL | Diamond Hill Investment | PairCorr |
0.49 | ZBAO | Zhibao Technology Class | PairCorr |
0.45 | RELIW | Reliance Global Group | PairCorr |
0.86 | LC | LendingClub Corp Sell-off Trend | PairCorr |
0.72 | CM | Canadian Imperial Bank | PairCorr |
0.69 | WT | WisdomTree | PairCorr |
0.66 | WD | Walker Dunlop | PairCorr |
0.63 | KB | KB Financial Group | PairCorr |
0.56 | RY | Royal Bank | PairCorr |
0.48 | MC | Moelis | PairCorr |
0.48 | PX | P10 Inc | PairCorr |
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
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
AJG | 1.05 | 0.17 | 0.16 | 0.52 | 1.42 | 1.93 | 6.86 | |||
BRO | 0.86 | 0.16 | 0.17 | 0.35 | 1.13 | 1.75 | 4.81 | |||
WTW | 0.91 | 0.05 | 0.10 | 0.03 | 1.19 | 1.95 | 5.93 | |||
ERIE | 1.53 | 0.10 | 0.07 | 0.13 | 2.30 | 3.22 | 11.24 | |||
MMC | 0.78 | 0.08 | 0.14 | 0.12 | 1.01 | 1.39 | 4.02 | |||
BRP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
FANH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
CRVL | 1.80 | 0.04 | 0.00 | (0.09) | 0.00 | 3.74 | 12.81 |