Aegon NV Correlations

AEG
 Stock
  

USD 4.75  0.13  2.66%   

The correlation of Aegon NV is a statistical measure of how it moves in relation to other equities. 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 Aegon NV moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aegon NV ADR 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.
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The ability to find closely correlated positions to Aegon NV could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aegon NV 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 Aegon NV - 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 Aegon NV ADR to buy it.

Moving together with Aegon NV

0.82ACGLArch Capital GrpPairCorr
0.92AIGAmerican InternationalPairCorr
0.73EQHEquitable HoldingsPairCorr
0.73ESGREnstar GroupPairCorr
0.9HIGHartford FinancialPairCorr
0.78AELAmerican Equity InvePairCorr

Moving against Aegon NV

0.55ACBIAtlantic Capital BanPairCorr
0.53ATHAthene HoldingPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
DISMMM
MMMAFL
TJNJ
DISAFL
TRVAFG
PGAFL
  
High negative correlations   
TDIS
TWMT
DISJNJ
JNJWMT
TAFL
TMMM

Aegon NV Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Aegon Stock performing well and Aegon NV company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Aegon NV's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
AFG 1.37 (0.06)  0.00 (0.02)  0.00 (0.0396)  0.00  2.49 (2.90)  7.40 
AFL 1.14  0.12  0.08  0.18  1.28  0.08 (1.20)  2.28 (2.20)  6.08 
WMT 1.31  0.04  0.01  0.10  2.29  0.0176 (1.17)  2.86 (2.75)  10.88 
TRV 1.21 (0.06)  0.00 (0.05)  0.00 (0.0498)  0.00  2.28 (2.33)  9.03 
MMM 1.06 (0.07)  0.00 (0.06)  0.00 (0.06)  0.00  2.50 (2.13)  6.82 
PG 1.23 (0.07)  0.00 (0.05)  0.00 (0.0472)  0.00  2.29 (2.67)  9.21 
JNJ 0.84 (0.10)  0.00 (0.18)  0.00 (0.11)  0.00  1.75 (2.01)  5.07 
DIS 1.80  0.10  0.06  0.12  1.79  0.05 (2.15)  3.98 (3.76)  7.34 
T 1.06 (0.17)  0.00 (0.22)  0.00 (0.12)  0.00  1.82 (2.45)  10.60 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Aegon NV 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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Aegon NV Corporate Executives

Elected by the shareholders, the Aegon NV's board of directors comprises two types of representatives: Aegon NV inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aegon. The board's role is to monitor Aegon NV's management team and ensure that shareholders' interests are well served. Aegon NV'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, Aegon NV's outside directors are responsible for providing unbiased perspectives on the board's policies.
Darryl Button - CFO and Member of the Management BoardProfile
Matthew Rider - Chief Financial Officer, Member of the Management Board, Member of the Executive BoardProfile
Mark Bloom - Global Chief Technology Officer, Member of the Management BoardProfile
Deborah Waters - Chief Technology Officer, Member of the Management BoardProfile

Invested in Aegon NV ADR?

You need to understand the risk of investing before taking a position in Aegon NV. The danger of trading Aegon NV ADR is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Aegon NV is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Aegon NV. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Aegon NV ADR is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please continue to Trending Equities. Note that the Aegon NV ADR information on this page should be used as a complementary analysis to other Aegon NV's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

Complementary Tools for Aegon Stock analysis

When running Aegon NV ADR price analysis, check to measure Aegon NV's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Aegon NV is operating at the current time. Most of Aegon NV's value examination focuses on studying past and present price action to predict the probability of Aegon NV's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Aegon NV's price. Additionally, you may evaluate how the addition of Aegon NV to your portfolios can decrease your overall portfolio volatility.
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Is Aegon NV's industry 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 Aegon NV. If investors know Aegon 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 Aegon NV 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 YOY
-0.6
Market Capitalization
10.1 B
Quarterly Revenue Growth YOY
-0.37
Return On Assets
7.0E-4
Return On Equity
0.0484
The market value of Aegon NV ADR is measured differently than its book value, which is the value of Aegon that is recorded on the company's balance sheet. Investors also form their own opinion of Aegon NV's value that differs from its market value or its book value, called intrinsic value, which is Aegon NV'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 Aegon NV's market value can be influenced by many factors that don't directly affect Aegon NV'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 Aegon NV's value and its price as these two are different measures arrived at by different means. Investors typically determine Aegon NV value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aegon NV'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.