AES Correlations

AES Stock

EUR 13.99 0.20 1.45%

The current 90-days correlation between AES and Wheaton Precious Metals is 0.14 (i.e., Average diversification). The correlation of AES 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.

AES Correlation With Market

Poor diversification

The correlation between The AES and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The AES and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to AES could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AES 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 AES - 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 The AES to buy it.

Moving together with AES Stock

0.65	SII	Wheaton Precious Metals	Pair Corr
0.84	SSU	Samsung Electronics	Pair Corr
0.91	2WGA	WOORI FIN GRP	Pair Corr
0.82	PKX	POSCO Holdings	Pair Corr
0.75	TOMA	Toyota Motor	Pair Corr
0.88	5EE	MEBUKI FINANCIAL	Pair Corr
0.91	4FK	Fukuoka Financial	Pair Corr
0.88	CPA	Colgate Palmolive	Pair Corr
0.75	L3X	Centrais Elétricas Earnings Call This Week	Pair Corr
0.7	SJ3	Sherwin Williams	Pair Corr
0.68	PU7	PulteGroup	Pair Corr
0.7	ZNHH	China Southern Airlines	Pair Corr
0.87	TQI	TELECOM ITALIA	Pair Corr
0.78	1KT	Keysight Technologies Earnings Call Today	Pair Corr
0.77	OTP	OTP Bank Nyrt	Pair Corr
0.63	TGE1	MOBILEZONE N	Pair Corr
0.76	2N8	Global Net Lease Earnings Call This Week	Pair Corr
0.91	FV6	EMMI N Earnings Call This Week	Pair Corr
0.62	ST2	Sturm Ruger Earnings Call This Week	Pair Corr
0.7	G40	GDS Holdings Limited	Pair Corr
0.75	ADH2	Air Canada	Pair Corr
0.78	LVN	CP ALL Public	Pair Corr

Moving against AES Stock

0.52

DBPD

Xtrackers ShortDAX

Pair Corr

Related Correlations Analysis

	SII	PA2	8SF	MKT	NPV	WDC	MLP	FTK	SCA	SVM
SII		0.92	0.71	0.92	0.32	0.92	0.9	0.67	0.22	0.89	SII
PA2	0.92		0.54	0.77	0.02	0.79	0.9	0.73	0.24	0.78	PA2
8SF	0.71	0.54		0.87	0.63	0.86	0.66	0.21	0.43	0.76	8SF
MKT	0.92	0.77	0.87		0.49	0.97	0.86	0.54	0.23	0.91	MKT
NPV	0.32	0.02	0.63	0.49		0.49	0.11	-0.12	0.15	0.45	NPV
WDC	0.92	0.79	0.86	0.97	0.49		0.86	0.57	0.2	0.92	WDC
MLP	0.9	0.9	0.66	0.86	0.11	0.86		0.78	0.24	0.8	MLP
FTK	0.67	0.73	0.21	0.54	-0.12	0.57	0.78		-0.15	0.6	FTK
SCA	0.22	0.24	0.43	0.23	0.15	0.2	0.24	-0.15		0.08	SCA
SVM	0.89	0.78	0.76	0.91	0.45	0.92	0.8	0.6	0.08		SVM
	SII	PA2	8SF	MKT	NPV	WDC	MLP	FTK	SCA	SVM

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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

WDC	+ 0.97	MKT
PA2	+ 0.92	SII
MKT	+ 0.92	SII
WDC	+ 0.92	SII
SVM	+ 0.92	WDC
SVM	+ 0.91	MKT

High negative correlations

SCA	- 0.15	FTK
FTK	- 0.12	NPV

Risk-Adjusted Indicators

There is a big difference between AES Stock performing well and AES 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 AES'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
SII	1.95	0.50	0.15	2.70	2.33	(2.00)	4.01	(3.88)	15.45
PA2	3.10	0.67	0.18	0.55	3.35	(3.49)	7.46	(5.05)	19.82
8SF	1.42	0.67	0.43	(3.42)	0.48	(1.77)	4.22	(1.75)	8.76
MKT	2.59	0.94	0.30	(4.10)	2.24	(3.11)	5.70	(5.01)	14.91
NPV	0.60	0.20	0.12	(1.07)	0.05	(1.32)	1.64	(0.85)	4.18
WDC	4.05	1.06	0.19	(1.24)	4.29	(4.43)	10.31	(8.14)	27.90
MLP	0.86	0.17	0.09	0.71	0.96	(0.94)	1.77	(1.87)	4.89
FTK	1.71	(0.12)	0.00	(0.08)	0.00	0.00	3.46	(4.50)	17.78
SCA	0.97	0.02	(0.03)	0.41	1.26	(1.11)	2.83	(2.18)	6.58
SVM	2.87	0.84	0.17	(0.42)	2.15	(5.71)	4.76	(4.44)	38.25

Be your own money manager

Our tools can tell you how much better you can do entering a position in AES without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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AES Corporate Management

Elected by the shareholders, the AES's board of directors comprises two types of representatives: AES inside directors who are chosen from within the company, and outside directors, selected externally and held independent of AES. The board's role is to monitor AES's management team and ensure that shareholders' interests are well served. AES's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, AES's outside directors are responsible for providing unbiased perspectives on the board's policies.

Ricardo Falu	Executive Officer	Profile
Leonardo Moreno	VP Energy	Profile
Joel Abramson	VP Acquisitions	Profile
Sherry Kohan	Senior Officer	Profile
Susan Harcourt	Vice Relations	Profile

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