Aon PLC Correlations

AON Stock

USD 383.66 0.28 0.07%

The current 90-days correlation between Aon PLC and Arthur J Gallagher is 0.44 (i.e., Very weak 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

Modest diversification

The correlation between Aon PLC and DJI is 0.23 (i.e., Modest 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.

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 persons.

To learn how to invest in Aon Stock, please use our How to Invest in Aon PLC guide.

Moving together with Aon Stock

0.77	EHTH	eHealth	Pair Corr
0.82	BRO	Brown Brown Fiscal Year End 27th of January 2025	Pair Corr
0.87	WTW	Willis Towers Watson	Pair Corr
0.81	GOCO	GoHealth	Pair Corr
0.93	TWFG	TWFG, Class A	Pair Corr
0.75	C	Citigroup Aggressive Push	Pair Corr
0.86	V	Visa Class A Sell-off Trend	Pair Corr
0.89	DIST	Distoken Acquisition	Pair Corr
0.78	AB	AllianceBernstein	Pair Corr
0.75	AC	Associated Capital	Pair Corr
0.89	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.82	BN	Brookfield Corp Earnings Call This Week	Pair Corr
0.89	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.61	BY	Byline Bancorp Normal Trading	Pair Corr
0.82	CG	Carlyle Group	Pair Corr
0.85	CM	Canadian Imperial Bank Fiscal Year End 5th of December 2024	Pair Corr
0.65	DB	Deutsche Bank AG	Pair Corr
0.71	GL	Globe Life	Pair Corr
0.76	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr

Moving against Aon Stock

0.64	RELI	Reliance Global Group	Pair Corr
0.55	SLQT	Selectquote	Pair Corr
0.39	ERIE	Erie Indemnity	Pair Corr
0.36	ZBAO	Zhibao Technology Class	Pair Corr
0.65	IX	Orix Corp Ads	Pair Corr
0.55	PT	Pintec Technology	Pair Corr
0.46	HG	Hamilton Insurance Group,	Pair Corr
0.38	RM	Regional Management Corp	Pair Corr
0.36	TD	Toronto Dominion Bank Fiscal Year End 5th of December 2024	Pair Corr

Related Correlations Analysis

	AJG	BRO	WTW	ERIE	MMC	BRP	FANH	CRVL
AJG		0.33	0.22	0.12	0.81	-0.11	-0.17	0.12	AJG
BRO	0.33		0.87	-0.32	0.2	0.35	0.02	0.67	BRO
WTW	0.22	0.87		-0.28	0.16	0.07	0.04	0.62	WTW
ERIE	0.12	-0.32	-0.28		0.4	-0.49	-0.82	-0.06	ERIE
MMC	0.81	0.2	0.16	0.4		-0.4	-0.46	0.12	MMC
BRP	-0.11	0.35	0.07	-0.49	-0.4		0.23	0.21	BRP
FANH	-0.17	0.02	0.04	-0.82	-0.46	0.23		-0.17	FANH
CRVL	0.12	0.67	0.62	-0.06	0.12	0.21	-0.17		CRVL
	AJG	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	+ 0.87	BRO
MMC	+ 0.81	AJG
CRVL	+ 0.67	BRO
CRVL	+ 0.62	WTW
MMC	+ 0.4	ERIE
BRP	+ 0.35	BRO

High negative correlations

FANH	- 0.82	ERIE
BRP	- 0.49	ERIE
FANH	- 0.46	MMC
BRP	- 0.4	MMC
ERIE	- 0.32	BRO
ERIE	- 0.28	WTW

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
AJG	0.84	(0.01)	(0.09)	0.14	1.16	(0.83)	1.75	(1.61)	5.31
BRO	0.88	0.07	0.00	0.29	0.96	(1.00)	1.88	(1.61)	5.11
WTW	0.76	0.14	0.03	0.59	0.64	(0.84)	1.93	(1.29)	4.67
ERIE	1.45	(0.23)	0.00	(0.10)	0.00	0.00	2.14	(3.12)	10.81
MMC	0.62	(0.03)	(0.18)	0.08	0.76	(0.62)	1.20	(1.26)	3.33
BRP	2.02	0.06	(0.03)	1.02	2.74	(1.92)	4.05	(4.84)	12.03
FANH	4.40	0.60	0.01	(0.09)	4.55	(5.80)	10.08	(9.09)	30.36
CRVL	1.39	(0.06)	0.08	0.14	1.18	(1.62)	2.94	(2.17)	10.37

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