Arthur J Correlations

AJG Stock

USD 338.48 1.07 0.32%

The current 90-days correlation between Arthur J Gallagher and Aon PLC is 0.7 (i.e., Poor diversification). The correlation of Arthur J 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.

Arthur J Correlation With Market

Very weak diversification

The correlation between Arthur J Gallagher 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 Arthur J Gallagher and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Arthur Stock

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

Moving together with Arthur Stock

0.74	BRO	Brown Brown	Pair Corr
0.72	MMC	Marsh McLennan Companies	Pair Corr
0.66	L	Loews Corp	Pair Corr
0.63	CB	Chubb	Pair Corr
0.62	EG	Everest Group	Pair Corr
0.66	GL	Globe Life	Pair Corr

Moving against Arthur Stock

0.35	TIRX	Tian Ruixiang Holdings	Pair Corr
0.33	RELI	Reliance Global Group	Pair Corr
0.37	NU	Nu Holdings	Pair Corr

Related Correlations Analysis

	AON	BRO	WTW	ERIE	MMC	BRP	FANH	CRVL
AON		0.47	0.85	0.75	0.75	0.0	0.0	-0.13	AON
BRO	0.47		0.6	0.62	0.69	0.0	0.0	-0.43	BRO
WTW	0.85	0.6		0.72	0.72	0.0	0.0	-0.07	WTW
ERIE	0.75	0.62	0.72		0.54	0.0	0.0	-0.13	ERIE
MMC	0.75	0.69	0.72	0.54		0.0	0.0	-0.19	MMC
BRP	0.0	0.0	0.0	0.0	0.0		0.0	0.0	BRP
FANH	0.0	0.0	0.0	0.0	0.0	0.0		0.0	FANH
CRVL	-0.13	-0.43	-0.07	-0.13	-0.19	0.0	0.0		CRVL
	AON	BRO	WTW	ERIE	MMC	BRP	FANH	CRVL

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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

WTW	+ 0.85	AON
ERIE	+ 0.75	AON
MMC	+ 0.75	AON
ERIE	+ 0.72	WTW
MMC	+ 0.72	WTW
MMC	+ 0.69	BRO

High negative correlations

CRVL	- 0.43	BRO
CRVL	- 0.19	MMC
CRVL	- 0.13	ERIE
CRVL	- 0.13	AON
CRVL	- 0.07	WTW
CRVL	- 0.0	FANH

Risk-Adjusted Indicators

There is a big difference between Arthur Stock performing well and Arthur J 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 Arthur J'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	1.17	0.01	0.00	(0.09)	0.00	0.00	2.14	(3.04)	11.65
BRO	1.09	0.15	0.09	0.15	2.11	(1.00)	2.08	(2.82)	9.76
WTW	1.14	(0.04)	0.00	(0.18)	0.00	0.00	1.95	(2.52)	9.94
ERIE	1.84	(0.06)	0.00	(0.20)	0.00	0.00	3.75	(4.13)	17.17
MMC	1.02	0.14	0.09	0.10	1.77	(0.96)	1.93	(2.81)	8.90
BRP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FANH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CRVL	1.69	0.05	0.00	(0.05)	0.00	0.00	3.07	(4.35)	12.81

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