AES Correlations

AES Stock

USD 11.49 0.36 3.23%

The current 90-days correlation between AES and BCE Inc is 0.14 (i.e., Average diversification). The correlation of AES 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.

AES Correlation With Market

Poor diversification

The correlation between The AES and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The AES 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 The AES. 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 against AES Stock

0.4	FTS	Fortis Inc	Pair Corr
0.37	CWT	California Water Service	Pair Corr
0.34	CPK	Chesapeake Utilities	Pair Corr
0.34	IDA	IDACORP	Pair Corr

Related Correlations Analysis

	SCSC	SPHR	EBON	ZH	TITN	CPNG	ARHS	BCE
SCSC		0.95	0.37	0.27	0.92	0.97	0.78	0.23	SCSC
SPHR	0.95		0.32	0.25	0.85	0.92	0.81	0.27	SPHR
EBON	0.37	0.32		0.6	0.51	0.21	0.3	0.07	EBON
ZH	0.27	0.25	0.6		0.39	0.21	0.37	0.34	ZH
TITN	0.92	0.85	0.51	0.39		0.87	0.73	0.13	TITN
CPNG	0.97	0.92	0.21	0.21	0.87		0.76	0.19	CPNG
ARHS	0.78	0.81	0.3	0.37	0.73	0.76		0.26	ARHS
BCE	0.23	0.27	0.07	0.34	0.13	0.19	0.26		BCE
	SCSC	SPHR	EBON	ZH	TITN	CPNG	ARHS	BCE

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Risk-Adjusted Indicators

There is a big difference between AES Stock performing well and AES 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 AES'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
SCSC	1.58	0.24	0.11	0.35	1.78	(1.77)	4.56	(3.28)	11.99
SPHR	3.05	0.25	0.08	0.23	4.08	(3.18)	6.05	(7.35)	26.82
EBON	3.12	(0.30)	0.00	(0.10)	0.00	0.00	6.18	(7.11)	20.72
ZH	2.25	(0.13)	0.00	(0.03)	0.00	0.00	4.88	(5.25)	11.54
TITN	2.49	0.24	0.08	0.29	2.86	(2.84)	4.74	(3.25)	17.04
CPNG	1.57	0.36	0.18	0.44	1.64	(1.83)	3.64	(3.65)	14.48
ARHS	2.95	0.11	0.03	0.18	4.68	(2.97)	6.78	(5.47)	22.39
BCE	1.27	0.02	(0.05)	(0.78)	1.77	(1.38)	2.19	(3.27)	9.37

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AES Correlations

AES Correlation With Market

Poor diversification

Moving against AES Stock

Related Correlations Analysis

Risk-Adjusted Indicators

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