Aon PLC Correlations

AON Stock

USD 363.81 3.08 0.85%

The current 90-days correlation between Aon PLC and Marsh McLennan Companies 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

Very weak diversification

The correlation between Aon PLC and DJI is 0.4 (i.e., Very weak 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 state.

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	ABL	Abacus Life	Pair Corr
0.78	SWSDF	Swiss Life Holding	Pair Corr

Moving against Aon Stock

0.7	FORM	FormFactor	Pair Corr
0.51	BB	BlackBerry Downward Rally	Pair Corr
0.43	APVO	Aptevo Therapeutics	Pair Corr
0.41	TRNR	Interactive Strength	Pair Corr
0.34	BWIN	Baldwin Insurance	Pair Corr
0.32	PNRG	PrimeEnergy	Pair Corr
0.31	DSX-PB	Diana Shipping	Pair Corr
0.31	WLACW	Willow Lane Acquisition	Pair Corr

Related Correlations Analysis

	MMC	AJG	WTW	BRO	ERIE	AIZ	GL	ALLE
MMC		0.6	-0.54	0.86	0.6	-0.37	-0.77	-0.76	MMC
AJG	0.6		-0.26	0.78	-0.17	-0.19	-0.64	-0.45	AJG
WTW	-0.54	-0.26		-0.71	-0.46	0.92	0.78	0.88	WTW
BRO	0.86	0.78	-0.71		0.31	-0.6	-0.93	-0.86	BRO
ERIE	0.6	-0.17	-0.46	0.31		-0.4	-0.31	-0.47	ERIE
AIZ	-0.37	-0.19	0.92	-0.6	-0.4		0.7	0.78	AIZ
GL	-0.77	-0.64	0.78	-0.93	-0.31	0.7		0.93	GL
ALLE	-0.76	-0.45	0.88	-0.86	-0.47	0.78	0.93		ALLE
	MMC	AJG	WTW	BRO	ERIE	AIZ	GL	ALLE

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

ALLE	+ 0.93	GL
AIZ	+ 0.92	WTW
ALLE	+ 0.88	WTW
BRO	+ 0.86	MMC
BRO	+ 0.78	AJG
GL	+ 0.78	WTW

High negative correlations

GL	- 0.93	BRO
ALLE	- 0.86	BRO
GL	- 0.77	MMC
ALLE	- 0.76	MMC
BRO	- 0.71	WTW
GL	- 0.64	AJG

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
MMC	0.69	(0.13)	0.00	(0.10)	0.00	0.00	1.58	(1.63)	4.79
AJG	0.93	(0.08)	0.00	(0.03)	0.00	0.00	1.53	(1.91)	8.69
WTW	0.84	0.15	0.13	0.28	0.79	(0.95)	1.88	(1.54)	6.22
BRO	0.96	(0.24)	0.00	(0.24)	0.00	0.00	1.42	(1.68)	11.56
ERIE	1.21	(0.18)	0.00	(0.08)	0.00	0.00	2.01	(3.06)	8.33
AIZ	1.06	0.15	0.11	0.20	1.11	(1.22)	1.98	(2.12)	15.15
GL	1.14	0.16	0.11	0.27	1.05	(1.27)	2.49	(2.26)	9.09
ALLE	1.03	0.21	0.21	0.26	0.71	(1.21)	3.01	(1.79)	7.84

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