Arthur J Correlations

AJG Stock  USD 306.39  2.10  0.69%   
The current 90-days correlation between Arthur J Gallagher and Aon PLC is 0.44 (i.e., Very weak 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

Weak diversification

The correlation between Arthur J Gallagher and DJI is 0.33 (i.e., 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.
  
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

  0.69MMC Marsh McLennan Companies Fiscal Year End 23rd of January 2025 PairCorr

Moving against Arthur Stock

  0.5TIRX Tian Ruixiang HoldingsPairCorr
  0.49DB Deutsche Bank AGPairCorr
  0.45WD Walker Dunlop Normal TradingPairCorr
  0.35LU Lufax HoldingPairCorr

Related Correlations Analysis

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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   
WTWBRO
WTWAON
BROAON
CRVLBRO
CRVLWTW
CRVLAON
  
High negative correlations   
ERIEAON
ERIEWTW
ERIEBRO
BRPERIE
CRVLERIE
FANHERIE

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.