Aegon NV Correlations

AEG Stock

USD 7.07 0.06 0.86%

The current 90-days correlation between Aegon NV ADR and Axa Equitable Holdings is 0.57 (i.e., Very weak diversification). The correlation of Aegon NV 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.

Aegon NV Correlation With Market

Very weak diversification

The correlation between Aegon NV ADR and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aegon NV ADR and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aegon NV ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Aegon Stock

0.82	ESGR	Enstar Group Limited	Pair Corr
0.89	BNT	Brookfield Wealth Symbol Change	Pair Corr
0.9	SLF	Sun Life Financial	Pair Corr
0.69	WDH	Waterdrop ADR	Pair Corr
0.86	HIG-PG	The Hartford Financial Earnings Call This Week	Pair Corr
0.63	ACGLO	Arch Capital Group	Pair Corr
0.85	ATH-PD	Athene Holding	Pair Corr
0.79	ATH-PE	Athene Holding	Pair Corr
0.67	ATH-PA	Athene Holding	Pair Corr
0.81	ATH-PB	Athene Holding	Pair Corr
0.81	ATH-PC	Athene Holding	Pair Corr
0.62	EQH-PC	Equitable Holdings	Pair Corr
0.89	C	Citigroup Aggressive Push	Pair Corr
0.88	L	Loews Corp	Pair Corr
0.72	V	Visa Class A	Pair Corr
0.84	DHIL	Diamond Hill Investment	Pair Corr
0.61	DIST	Distoken Acquisition	Pair Corr
0.79	AB	AllianceBernstein Earnings Call This Week	Pair Corr
0.88	AC	Associated Capital	Pair Corr
0.84	AX	Axos Financial	Pair Corr
0.91	BK	Bank of New York	Pair Corr
0.89	BN	Brookfield Corp	Pair Corr
0.72	BX	Blackstone Group Normal Trading	Pair Corr
0.73	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.85	CG	Carlyle Group Earnings Call This Week	Pair Corr
0.93	CM	Canadian Imperial Bank	Pair Corr
0.94	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr

Moving against Aegon Stock

0.44	IGIC	International General	Pair Corr
0.61	FG	FG Annuities Life	Pair Corr
0.53	EG	Everest Group	Pair Corr

Related Correlations Analysis

	EQH	ACGL	ARZGY	AIG	IGIC	AFB	AHH	AFG	AGD
EQH		-0.12	0.45	0.7	-0.47	0.46	0.65	-0.34	0.77	EQH
ACGL	-0.12		0.33	0.24	-0.11	0.07	-0.09	-0.19	-0.54	ACGL
ARZGY	0.45	0.33		0.15	-0.26	0.56	0.51	-0.36	0.29	ARZGY
AIG	0.7	0.24	0.15		-0.44	0.16	0.28	-0.25	0.37	AIG
IGIC	-0.47	-0.11	-0.26	-0.44		-0.04	-0.17	0.79	-0.24	IGIC
AFB	0.46	0.07	0.56	0.16	-0.04		0.31	-0.2	0.33	AFB
AHH	0.65	-0.09	0.51	0.28	-0.17	0.31		0.02	0.59	AHH
AFG	-0.34	-0.19	-0.36	-0.25	0.79	-0.2	0.02		-0.05	AFG
AGD	0.77	-0.54	0.29	0.37	-0.24	0.33	0.59	-0.05		AGD
	EQH	ACGL	ARZGY	AIG	IGIC	AFB	AHH	AFG	AGD

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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

AFG	+ 0.79	IGIC
AGD	+ 0.77	EQH
AIG	+ 0.7	EQH
AHH	+ 0.65	EQH
AGD	+ 0.59	AHH
AFB	+ 0.56	ARZGY

High negative correlations

AGD	- 0.54	ACGL
IGIC	- 0.47	EQH
IGIC	- 0.44	AIG
AFG	- 0.36	ARZGY
AFG	- 0.34	EQH
IGIC	- 0.26	ARZGY

Risk-Adjusted Indicators

There is a big difference between Aegon Stock performing well and Aegon NV 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 Aegon NV'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
EQH	1.37	0.00	0.03	0.13	1.55	(1.45)	2.96	(2.92)	8.53
ACGL	1.19	(0.18)	0.00	(0.09)	0.00	0.00	2.96	(2.79)	6.93
ARZGY	1.08	0.18	0.04	3.43	1.26	(1.22)	2.19	(2.11)	10.01
AIG	0.94	(0.10)	(0.10)	0.00	1.28	(0.95)	1.90	(2.09)	7.57
IGIC	1.55	(0.10)	(0.06)	(0.01)	2.29	(1.55)	2.98	(3.15)	14.72
AFB	0.44	0.01	(0.20)	0.18	0.44	(0.52)	1.18	(0.78)	2.20
AHH	1.26	(0.06)	(0.03)	0.07	1.93	(1.28)	2.56	(3.17)	10.33
AFG	1.09	(0.09)	(0.08)	0.01	1.61	(1.05)	1.95	(2.05)	9.40
AGD	0.61	0.25	0.24	0.71	0.00	(0.78)	1.51	(0.80)	3.09

Aegon NV Corporate Management

Marco RA	CEO Board	Profile
Allegra HvellPatrizi	CEO Board	Profile
Carla Mahieu	Chief Human Resource Officer, Member of the Management Board	Profile
Jack McGarry	Independent Member of the Supervisory Board	Profile

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