Marsh McLennan Correlations

MSN Stock  EUR 219.50  1.10  0.50%   
The current 90-days correlation between Marsh McLennan Companies and Cal Maine Foods is 0.17 (i.e., Average diversification). The correlation of Marsh McLennan 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.

Marsh McLennan Correlation With Market

MarshDowDiversified AwayMarshDowDiversified Away100%

Average diversification

The correlation between Marsh McLennan Companies and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marsh McLennan Companies and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Marsh McLennan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Marsh McLennan when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Marsh McLennan - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Marsh McLennan Companies to buy it.

Moving together with Marsh Stock

  0.954VK Aon PLCPairCorr
  0.88GAH Arthur J GallagherPairCorr
  0.86BTW Brown BrownPairCorr
  0.89MLB1 MercadoLibrePairCorr
  0.72NS7 Northern Star Resources Earnings Call This WeekPairCorr
  0.82CZH Choice Hotels Intern Earnings Call This WeekPairCorr

Moving against Marsh Stock

  0.756FO GOODTECH ASA APairCorr
  0.5318M Sabre Insurance GroupPairCorr
  0.51BRH Berkshire HathawayPairCorr
  0.45DYQ ASOS PLCPairCorr

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   
6WWCM2
FOJ1AY5
3TYCM2
3TYFOJ1
6WW3TY
3TYAY5
  
High negative correlations   
6WWAY5
AY5CM2
6WWFOJ1
FOJ1CM2
6WWHNC
3TYHNC

Risk-Adjusted Indicators

There is a big difference between Marsh Stock performing well and Marsh McLennan 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 Marsh McLennan'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Marsh McLennan without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Transaction History Now

   

Transaction History

View history of all your transactions and understand their impact on performance
All  Next Launch Module

Marsh McLennan Corporate Management

Elected by the shareholders, the Marsh McLennan's board of directors comprises two types of representatives: Marsh McLennan inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Marsh. The board's role is to monitor Marsh McLennan's management team and ensure that shareholders' interests are well served. Marsh McLennan's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Marsh McLennan's outside directors are responsible for providing unbiased perspectives on the board's policies.