Aon PLC Correlations

AON Stock

USD 329.96 6.91 2.05%

The current 90-days correlation between Aon PLC and Arthur J Gallagher is 0.74 (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

Modest diversification

The correlation between Aon PLC and DJI is 0.22 (i.e., Modest 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.

Build AI portfolio with Aon Stock

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 producer price index.

To learn how to invest in Aon Stock, please use our How to Invest in Aon PLC guide.

Moving together with Aon Stock

0.63	POLICYBZR	PB Fintech Limited Earnings Call Today	Pair Corr
0.63	BWIN	Baldwin Insurance	Pair Corr
0.71	SAR	Saratoga Investment Corp Normal Trading	Pair Corr
0.69	VLKAF	Volkswagen AG Earnings Call Tomorrow	Pair Corr
0.71	VWAGY	Volkswagen AG 110 Earnings Call Tomorrow	Pair Corr
0.62	VLKPF	Volkswagen AG VZO	Pair Corr

Moving against Aon Stock

0.66	EMPPF	EMP Metals Corp	Pair Corr
0.62	TSLA	Tesla Inc Aggressive Push	Pair Corr
0.58	IVFZF	Invictus Financial	Pair Corr
0.57	TREIF	TreatmentCom International	Pair Corr
0.56	AMRK	Amark Preci	Pair Corr
0.55	WMT	Walmart	Pair Corr
0.52	HNHPF	Hon Hai Precision	Pair Corr
0.52	CDBMF	Cordoba Minerals Corp	Pair Corr
0.5	IRME	International Display	Pair Corr
0.47	KEP	Korea Electric Power	Pair Corr
0.4	PVSP	Pervasip Corp	Pair Corr
0.37	JD	JD Inc Adr Aggressive Push	Pair Corr
0.34	GDLNF	Greenland Minerals And	Pair Corr
0.71	PNDXF	Pandox AB	Pair Corr
0.6	AXIN	Axiom Intelligence	Pair Corr
0.49	SDIIF	SDI Group plc	Pair Corr
0.46	CAXPF	District Copper Corp	Pair Corr
0.46	COKE	Coca Cola Consolidated Earnings Call Today	Pair Corr
0.41	WYPH	WayPoint Biomedical	Pair Corr
0.4	LOGI	Logitech International	Pair Corr
0.39	LAKE	Lakeland Industries	Pair Corr
0.39	SGIPF	Sugi Holdings CoLtd	Pair Corr
0.39	RBGLY	Reckitt Benckiser	Pair Corr

Related Correlations Analysis

	AJG	MMC	MFG	BNS	BK	NU	ING	APO	PNC	CM
AJG		0.65	0.32	0.16	0.13	0.25	0.53	0.04	0.62	0.1	AJG
MMC	0.65		-0.12	-0.48	-0.51	-0.41	0.04	0.27	0.34	-0.54	MMC
MFG	0.32	-0.12		0.63	0.65	0.74	0.8	-0.25	0.5	0.57	MFG
BNS	0.16	-0.48	0.63		0.88	0.94	0.49	-0.63	0.17	0.97	BNS
BK	0.13	-0.51	0.65	0.88		0.87	0.57	-0.41	0.18	0.89	BK
NU	0.25	-0.41	0.74	0.94	0.87		0.6	-0.48	0.34	0.9	NU
ING	0.53	0.04	0.8	0.49	0.57	0.6		-0.07	0.51	0.48	ING
APO	0.04	0.27	-0.25	-0.63	-0.41	-0.48	-0.07		0.4	-0.64	APO
PNC	0.62	0.34	0.5	0.17	0.18	0.34	0.51	0.4		0.02	PNC
CM	0.1	-0.54	0.57	0.97	0.89	0.9	0.48	-0.64	0.02		CM
	AJG	MMC	MFG	BNS	BK	NU	ING	APO	PNC	CM

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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

CM	+ 0.97	BNS
NU	+ 0.94	BNS
CM	+ 0.9	NU
CM	+ 0.89	BK
BK	+ 0.88	BNS
NU	+ 0.87	BK

High negative correlations

CM	- 0.64	APO
APO	- 0.63	BNS
CM	- 0.54	MMC
BK	- 0.51	MMC
APO	- 0.48	NU
BNS	- 0.48	MMC

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	1.02	(0.25)	0.00	(0.48)	0.00	0.00	1.53	(2.65)	7.93
MMC	0.84	(0.23)	0.00	(0.28)	0.00	0.00	1.67	(1.68)	10.93
MFG	1.24	0.10	0.08	0.17	1.29	(1.49)	2.81	(2.30)	7.63
BNS	0.63	0.21	0.25	0.45	0.25	(0.77)	1.25	(0.82)	8.96
BK	0.85	0.05	0.03	0.15	1.05	(0.84)	1.62	(1.96)	3.89
NU	1.38	0.28	0.14	0.35	1.51	(1.48)	3.26	(2.96)	14.20
ING	0.91	0.04	0.00	0.16	1.17	(0.92)	1.62	(1.89)	6.10
APO	1.51	(0.40)	0.00	(0.15)	0.00	0.00	3.14	(4.31)	9.62
PNC	1.01	(0.20)	0.00	(0.05)	0.00	0.00	1.72	(2.18)	7.86
CM	0.65	0.15	0.14	0.39	0.55	(0.75)	1.67	(1.21)	4.31

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