Marsh McLennan Correlations

MMC Stock

USD 210.30 0.29 0.14%

The current 90-days correlation between Marsh McLennan Companies and Aon PLC is 0.65 (i.e., Poor 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

Poor diversification

The correlation between Marsh McLennan Companies and DJI is 0.62 (i.e., Poor 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.

Build AI portfolio with Marsh Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Marsh McLennan Companies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Marsh Stock

0.91	AJG	Arthur J Gallagher Earnings Call Today	Pair Corr
0.68	GSHD	Goosehead Insurance Normal Trading	Pair Corr
0.73	TIRX	Tian Ruixiang Holdings	Pair Corr
0.82	CRVL	CorVel Corp Earnings Call This Week	Pair Corr
0.83	CB	Chubb	Pair Corr

Moving against Marsh Stock

0.71	AIFU	Fanhua Inc Symbol Change	Pair Corr
0.57	C	Citigroup Aggressive Push	Pair Corr
0.55	AX	Axos Financial Earnings Call This Week	Pair Corr
0.48	DHIL	Diamond Hill Investment	Pair Corr
0.46	BN	Brookfield Corp	Pair Corr
0.45	BWIN	Baldwin Insurance	Pair Corr
0.43	HUIZ	Huize Holding	Pair Corr
0.43	RELI	Reliance Global Group	Pair Corr
0.37	L	Loews Corp Earnings Call This Week	Pair Corr
0.35	BK	Bank of New York	Pair Corr
0.75	LC	LendingClub Corp Earnings Call This Week	Pair Corr
0.69	RM	Regional Management Corp Earnings Call This Week	Pair Corr
0.59	RF	Regions Financial Normal Trading	Pair Corr
0.57	GS	Goldman Sachs Group	Pair Corr
0.57	IX	Orix Corp Ads	Pair Corr
0.56	CG	Carlyle Group Earnings Call Tomorrow	Pair Corr
0.53	MC	Moelis	Pair Corr
0.51	BX	Blackstone Group Normal Trading	Pair Corr
0.5	KB	KB Financial Group	Pair Corr
0.47	CM	Canadian Imperial Bank	Pair Corr
0.45	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.41	QD	Qudian Inc	Pair Corr

Related Correlations Analysis

	AON	AJG	BRO	WTW	ERIE	PGR	CB	NTRS
AON		0.62	0.49	0.69	0.47	0.39	0.61	-0.18	AON
AJG	0.62		0.65	0.52	0.32	0.85	0.78	-0.53	AJG
BRO	0.49	0.65		0.64	0.68	0.51	0.44	-0.7	BRO
WTW	0.69	0.52	0.64		0.62	0.22	0.27	-0.34	WTW
ERIE	0.47	0.32	0.68	0.62		0.2	0.15	-0.66	ERIE
PGR	0.39	0.85	0.51	0.22	0.2		0.82	-0.62	PGR
CB	0.61	0.78	0.44	0.27	0.15	0.82		-0.33	CB
NTRS	-0.18	-0.53	-0.7	-0.34	-0.66	-0.62	-0.33		NTRS
	AON	AJG	BRO	WTW	ERIE	PGR	CB	NTRS

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

PGR	+ 0.85	AJG
CB	+ 0.82	PGR
CB	+ 0.78	AJG
WTW	+ 0.69	AON
ERIE	+ 0.68	BRO
BRO	+ 0.65	AJG

High negative correlations

NTRS	- 0.7	BRO
NTRS	- 0.66	ERIE
NTRS	- 0.62	PGR
NTRS	- 0.53	AJG
NTRS	- 0.34	WTW
NTRS	- 0.33	CB

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AON	1.11	(0.20)	0.00	(0.09)	0.00	0.00	1.87	(2.07)	11.53
AJG	1.12	(0.21)	0.00	(0.13)	0.00	0.00	2.30	(2.62)	7.55
BRO	1.10	(0.32)	0.00	(0.31)	0.00	0.00	2.12	(2.45)	9.65
WTW	0.96	(0.17)	0.00	(0.13)	0.00	0.00	1.87	(1.63)	8.54
ERIE	1.52	(0.35)	0.00	(0.15)	0.00	0.00	2.45	(3.84)	14.03
PGR	1.19	(0.29)	0.00	(0.20)	0.00	0.00	1.98	(2.87)	6.08
CB	0.94	(0.14)	0.00	(0.05)	0.00	0.00	1.72	(1.61)	7.09
NTRS	1.33	0.38	0.31	0.49	0.87	(1.65)	3.18	(2.01)	10.44

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC