Arthur J Correlations

AJG Stock

USD 310.83 0.04 0.01%

The current 90-days correlation between Arthur J Gallagher and Marsh McLennan Companies is 0.76 (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 0.41 (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

0.62	AON	Aon PLC Earnings Call Tomorrow	Pair Corr
0.67	BRO	Brown Brown Sell-off Trend	Pair Corr
0.92	MMC	Marsh McLennan Companies Sell-off Trend	Pair Corr
0.75	TIRX	Tian Ruixiang Holdings	Pair Corr
0.81	CRVL	CorVel Corp Earnings Call This Week	Pair Corr
0.79	CB	Chubb	Pair Corr

Moving against Arthur Stock

0.65	AIFU	Fanhua Inc Symbol Change	Pair Corr
0.63	DIST	Distoken Acquisition	Pair Corr
0.57	C	Citigroup Aggressive Push	Pair Corr
0.53	AX	Axos Financial Earnings Call This Week	Pair Corr
0.5	BX	Blackstone Group	Pair Corr
0.46	BN	Brookfield Corp	Pair Corr
0.45	DHIL	Diamond Hill Investment	Pair Corr
0.41	BWIN	Baldwin Insurance	Pair Corr
0.4	RELI	Reliance Global Group	Pair Corr
0.39	HUIZ	Huize Holding	Pair Corr
0.36	L	Loews Corp Earnings Call This Week	Pair Corr
0.36	BK	Bank of New York	Pair Corr
0.71	LC	LendingClub Corp Earnings Call This Week	Pair Corr
0.64	RM	Regional Management Corp Earnings Call This Week	Pair Corr
0.6	TD	Toronto Dominion Bank	Pair Corr
0.59	IX	Orix Corp Ads Normal Trading	Pair Corr
0.58	RF	Regions Financial Normal Trading	Pair Corr
0.57	GS	Goldman Sachs Group	Pair Corr
0.55	CG	Carlyle Group Earnings Call Today	Pair Corr
0.53	KB	KB Financial Group	Pair Corr
0.53	SF	Stifel Financial	Pair Corr
0.51	MC	Moelis	Pair Corr

Related Correlations Analysis

	MMC	BRO	AON	WTW	ERIE	AFG	AFB	AHH	ABG
MMC		0.55	0.55	0.35	0.16	-0.37	0.33	-0.17	-0.54	MMC
BRO	0.55		0.44	0.56	0.6	0.02	-0.03	-0.45	-0.54	BRO
AON	0.55	0.44		0.67	0.43	-0.01	-0.17	0.1	-0.18	AON
WTW	0.35	0.56	0.67		0.57	0.33	-0.14	0.05	-0.3	WTW
ERIE	0.16	0.6	0.43	0.57		0.35	-0.47	-0.23	-0.54	ERIE
AFG	-0.37	0.02	-0.01	0.33	0.35		-0.17	0.15	0.03	AFG
AFB	0.33	-0.03	-0.17	-0.14	-0.47	-0.17		0.21	0.1	AFB
AHH	-0.17	-0.45	0.1	0.05	-0.23	0.15	0.21		0.55	AHH
ABG	-0.54	-0.54	-0.18	-0.3	-0.54	0.03	0.1	0.55		ABG
	MMC	BRO	AON	WTW	ERIE	AFG	AFB	AHH	ABG

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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	+ 0.67	AON
ERIE	+ 0.6	BRO
ERIE	+ 0.57	WTW
WTW	+ 0.56	BRO
BRO	+ 0.55	MMC
AON	+ 0.55	MMC

High negative correlations

ABG	- 0.54	ERIE
ABG	- 0.54	BRO
ABG	- 0.54	MMC
AFB	- 0.47	ERIE
AHH	- 0.45	BRO
AFG	- 0.37	MMC

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
MMC	0.85	(0.24)	0.00	(0.10)	0.00	0.00	1.56	(1.98)	6.77
BRO	1.08	(0.33)	0.00	(0.29)	0.00	0.00	2.12	(2.45)	9.65
AON	1.10	(0.19)	0.00	(0.05)	0.00	0.00	1.87	(2.07)	11.53
WTW	0.95	(0.16)	0.00	(0.09)	0.00	0.00	1.87	(1.63)	8.54
ERIE	1.53	(0.40)	0.00	(0.13)	0.00	0.00	2.45	(3.84)	14.03
AFG	1.13	(0.16)	(0.12)	0.02	1.60	(1.12)	1.96	(2.05)	9.40
AFB	0.42	(0.04)	(0.38)	0.01	0.46	(0.49)	1.08	(0.78)	2.18
AHH	1.19	(0.13)	(0.06)	0.09	1.72	(1.22)	2.47	(2.33)	10.33
ABG	1.57	0.18	(0.03)	(0.52)	2.17	(1.61)	3.68	(3.00)	12.35

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