Willis Towers Correlations

WTW Stock

USD 332.71 1.80 0.54%

The current 90-days correlation between Willis Towers Watson and Arthur J Gallagher is 0.44 (i.e., Very weak diversification). The correlation of Willis Towers 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Willis Towers Correlation With Market

Modest diversification

The correlation between Willis Towers Watson and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Willis Towers Watson and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Willis Towers Watson. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Willis Stock

0.81	AJG	Arthur J Gallagher	Pair Corr
0.83	AON	Aon PLC	Pair Corr
0.8	BRO	Brown Brown	Pair Corr
0.84	MMC	Marsh McLennan Companies	Pair Corr
0.83	GSHD	Goosehead Insurance	Pair Corr
0.61	BWIN	Baldwin Insurance Symbol Change	Pair Corr
0.61	DB	Deutsche Bank AG	Pair Corr

Moving against Willis Stock

0.77	RELI	Reliance Global Group	Pair Corr
0.64	AIFU	Fanhua Inc Symbol Change	Pair Corr
0.6	TIRX	Tian Ruixiang Holdings	Pair Corr
0.52	ZBAO	Zhibao Technology Class	Pair Corr
0.34	EHTH	eHealth	Pair Corr
0.34	CM	Canadian Imperial Bank	Pair Corr
0.31	DHIL	Diamond Hill Investment	Pair Corr
0.49	LC	LendingClub Corp	Pair Corr
0.35	MC	Moelis	Pair Corr

Related Correlations Analysis

	MMC	AJG	BRO	ERIE	AON	FANH	CRVL
MMC		0.97	0.93	0.33	0.99	0.0	-0.14	MMC
AJG	0.97		0.91	0.3	0.97	0.0	-0.11	AJG
BRO	0.93	0.91		0.46	0.92	0.0	-0.41	BRO
ERIE	0.33	0.3	0.46		0.34	0.0	-0.41	ERIE
AON	0.99	0.97	0.92	0.34		0.0	-0.14	AON
FANH	0.0	0.0	0.0	0.0	0.0		0.0	FANH
CRVL	-0.14	-0.11	-0.41	-0.41	-0.14	0.0		CRVL
	MMC	AJG	BRO	ERIE	AON	FANH	CRVL

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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

AON	+ 0.99	MMC
AJG	+ 0.97	MMC
AON	+ 0.97	AJG
BRO	+ 0.93	MMC
AON	+ 0.92	BRO
BRO	+ 0.91	AJG

High negative correlations

CRVL	- 0.41	ERIE
CRVL	- 0.41	BRO
CRVL	- 0.14	AON
CRVL	- 0.14	MMC
CRVL	- 0.11	AJG
CRVL	- 0.0	FANH

Risk-Adjusted Indicators

There is a big difference between Willis Stock performing well and Willis Towers 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 Willis Towers' 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
MMC	0.71	0.15	0.25	6.61	0.69	(0.77)	1.39	(1.32)	4.02
AJG	1.02	0.26	0.21	2.89	1.22	(1.09)	2.05	(1.87)	6.86
BRO	0.78	0.24	0.30	2.51	0.66	(0.85)	1.75	(1.40)	4.81
ERIE	1.49	0.01	0.00	(0.05)	0.00	0.00	3.22	(4.13)	11.24
AON	0.80	0.13	0.24	(1.59)	0.69	(0.96)	1.48	(1.28)	4.21
FANH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CRVL	1.64	(0.07)	0.00	0.21	0.00	0.00	3.07	(4.35)	12.81

Willis Towers Corporate Management

Claudia Hoz	Head Relations	Profile
Matthew Furman	General Counsel	Profile
Pam Rollins	Head Communication	Profile
Kristy Banas	Marketing Officer	Profile
Alexis Faber	Chief Officer	Profile
Joseph Kurpis	Principal Controller	Profile

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