Aegon Funding Correlations

AEFC Stock

USD 21.05 0.45 2.18%

The current 90-days correlation between Aegon Funding and Tyson Foods is -0.19 (i.e., Good diversification). The correlation of Aegon Funding 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.

Aegon Funding Correlation With Market

Significant diversification

The correlation between Aegon Funding and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aegon Funding 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 Aegon Funding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

For information on how to trade Aegon Stock refer to our How to Trade Aegon Stock guide.

Moving together with Aegon Stock

0.86	JSM	Navient SR	Pair Corr
0.94	SFB	Stifel Financial	Pair Corr
0.66	BHFAL	Brighthouse Financial	Pair Corr
0.65	E	Eni SpA ADR	Pair Corr
0.72	DINO	HF Sinclair Corp	Pair Corr
0.67	VIVK	Vivakor	Pair Corr
0.65	DWSN	Dawson Geophysical	Pair Corr

Moving against Aegon Stock

0.62	AR	Antero Resources Corp	Pair Corr
0.58	EP	Empire Petroleum Corp	Pair Corr
0.56	ET	Energy Transfer LP	Pair Corr
0.54	AE	Adams Resources Energy	Pair Corr
0.52	EE	Excelerate Energy	Pair Corr
0.39	OXSQZ	Oxford Square Capital	Pair Corr
0.32	BP	BP PLC ADR Earnings Call This Week	Pair Corr
0.74	DLNG	Dynagas LNG Partners	Pair Corr
0.68	EFXT	Enerflex	Pair Corr
0.55	VIST	Vista Oil Gas	Pair Corr
0.51	EPSN	Epsilon Energy	Pair Corr
0.5	TS	Tenaris SA ADR	Pair Corr
0.41	VTLE	Vital Energy	Pair Corr
0.4	TK	Teekay	Pair Corr
0.34	EQNR	Equinor ASA ADR Earnings Call This Week	Pair Corr

Related Correlations Analysis

	TSN	UNFI	MTX	RFBC	KALU	INGR	EGO	SUM
TSN		-0.42	0.81	0.0	0.77	0.72	0.32	-0.25	TSN
UNFI	-0.42		-0.4	0.0	-0.57	-0.34	-0.56	0.83	UNFI
MTX	0.81	-0.4		0.0	0.89	0.86	0.23	-0.07	MTX
RFBC	0.0	0.0	0.0		0.0	0.0	0.0	0.0	RFBC
KALU	0.77	-0.57	0.89	0.0		0.8	0.41	-0.22	KALU
INGR	0.72	-0.34	0.86	0.0	0.8		0.14	-0.03	INGR
EGO	0.32	-0.56	0.23	0.0	0.41	0.14		-0.62	EGO
SUM	-0.25	0.83	-0.07	0.0	-0.22	-0.03	-0.62		SUM
	TSN	UNFI	MTX	RFBC	KALU	INGR	EGO	SUM

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

KALU	+ 0.89	MTX
INGR	+ 0.86	MTX
SUM	+ 0.83	UNFI
MTX	+ 0.81	TSN
INGR	+ 0.8	KALU
KALU	+ 0.77	TSN

High negative correlations

SUM	- 0.62	EGO
KALU	- 0.57	UNFI
EGO	- 0.56	UNFI
UNFI	- 0.42	TSN
MTX	- 0.4	UNFI
INGR	- 0.34	UNFI

Risk-Adjusted Indicators

There is a big difference between Aegon Stock performing well and Aegon Funding 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 Aegon Funding'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
TSN	0.94	(0.08)	0.00	(0.10)	0.00	0.00	1.61	(2.15)	9.27
UNFI	2.24	0.62	0.24	1.03	2.05	(2.69)	5.19	(4.28)	25.95
MTX	1.16	(0.02)	(0.04)	0.02	1.48	(1.18)	2.21	(2.49)	13.23
RFBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KALU	1.49	0.06	0.00	0.33	1.67	(1.72)	2.61	(3.10)	16.25
INGR	1.08	(0.07)	(0.02)	0.02	1.48	(1.10)	1.41	(2.02)	21.14
EGO	1.89	(0.18)	0.00	(2.32)	0.00	0.00	4.42	(4.83)	11.74
SUM	0.70	0.21	0.17	1.42	0.44	(0.76)	2.04	(1.76)	9.88

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC