Aon Plc Stock Market Value
| AON Stock | USD 382.62 2.54 0.67% |
| Symbol | Aon |
Aon PLC Price To Book Ratio
Is Insurance Brokers space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Aon PLC. If investors know Aon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Aon PLC listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.30) | Dividend Share 2.58 | Earnings Share 11.68 | Revenue Per Share 71.993 | Quarterly Revenue Growth 0.26 |
The market value of Aon PLC is measured differently than its book value, which is the value of Aon that is recorded on the company's balance sheet. Investors also form their own opinion of Aon PLC's value that differs from its market value or its book value, called intrinsic value, which is Aon PLC's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Aon PLC's market value can be influenced by many factors that don't directly affect Aon PLC's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Aon PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aon PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aon PLC's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Aon PLC 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Aon PLC's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Aon PLC.
| 12/02/2022 |
| 11/21/2024 |
If you would invest 0.00 in Aon PLC on December 2, 2022 and sell it all today you would earn a total of 0.00 from holding Aon PLC or generate 0.0% return on investment in Aon PLC over 720 days. Aon PLC is related to or competes with Arthur J, Brown Brown, Willis Towers, Erie Indemnity, Marsh McLennan, and CorVel Corp. Aon plc, a professional services firm, provides advice and solutions to clients focused on risk, retirement, and health ... More
Aon PLC Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Aon PLC's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Aon PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8505 | |||
| Information Ratio | 0.089 | |||
| Maximum Drawdown | 7.95 | |||
| Value At Risk | (1.19) | |||
| Potential Upside | 1.43 |
Aon PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aon PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aon PLC's standard deviation. In reality, there are many statistical measures that can use Aon PLC historical prices to predict the future Aon PLC's volatility.| Risk Adjusted Performance | 0.1362 | |||
| Jensen Alpha | 0.1507 | |||
| Total Risk Alpha | 0.0589 | |||
| Sortino Ratio | 0.1138 | |||
| Treynor Ratio | 0.4944 |
Aon PLC Backtested Returns
Aon PLC appears to be very steady, given 3 months investment horizon. Aon PLC secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Aon PLC, which you can use to evaluate the volatility of the firm. Please makes use of Aon PLC's Mean Deviation of 0.6814, downside deviation of 0.8505, and Risk Adjusted Performance of 0.1362 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aon PLC holds a performance score of 14. The firm shows a Beta (market volatility) of 0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Aon PLC's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aon PLC is expected to be smaller as well. Please check Aon PLC's downside variance, and the relationship between the sortino ratio and accumulation distribution , to make a quick decision on whether Aon PLC's price patterns will revert.
Auto-correlation | 0.17 |
Very weak predictability
Aon PLC has very weak predictability. Overlapping area represents the amount of predictability between Aon PLC time series from 2nd of December 2022 to 27th of November 2023 and 27th of November 2023 to 21st of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Aon PLC price movement. The serial correlation of 0.17 indicates that over 17.0% of current Aon PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 730.66 |
Aon PLC lagged returns against current returns
Autocorrelation, which is Aon PLC stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Aon PLC's stock expected returns. We can calculate the autocorrelation of Aon PLC returns to help us make a trade decision. For example, suppose you find that Aon PLC has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Aon PLC regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Aon PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aon PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aon PLC stock over time.
Current vs Lagged Prices |
| Timeline |
Aon PLC Lagged Returns
When evaluating Aon PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aon PLC stock have on its future price. Aon PLC autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Aon PLC autocorrelation shows the relationship between Aon PLC stock current value and its past values and can show if there is a momentum factor associated with investing in Aon PLC.
Regressed Prices |
| Timeline |
Pair Trading with Aon PLC
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Aon PLC position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Aon PLC will appreciate offsetting losses from the drop in the long position's value.Moving together with Aon Stock
Moving against Aon Stock
| 0.78 | RELI | Reliance Global Group | PairCorr |
| 0.77 | ERIE | Erie Indemnity | PairCorr |
| 0.59 | ZBAO | Zhibao Technology Class | PairCorr |
| 0.39 | SLQT | Selectquote | PairCorr |
The ability to find closely correlated positions to Aon PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aon PLC when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Aon PLC - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Aon PLC to buy it.
The correlation of Aon PLC 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 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. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Aon PLC can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Aon PLC Correlation, Aon PLC Volatility and Aon PLC Alpha and Beta module to complement your research on Aon PLC. To learn how to invest in Aon Stock, please use our How to Invest in Aon PLC guide.You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Aon PLC technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.