AES Corp Correlations

Stocks . UK . 
Stock . AES Corp
0H6G Stock   12.90  0.47  3.78%   
The current 90-days correlation between AES Corp and Uniper SE is 0.2 (i.e., Modest diversification). The correlation of AES Corp 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. If the correlation is 0, the equities are not correlated; they are entirely random.

AES Corp Correlation With Market

Good diversification

The correlation between AES Corp and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AES Corp and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to AES Corp 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 Corp 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 Corp - 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 AES Corp to buy it.

Moving together with AES Stock

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Moving against AES Stock

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  0.57GMET Golden Metal ResourcesPairCorr
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  0.49ROCK Rockfire Resources plcPairCorr
  0.33MKS Marks and SpencerPairCorr
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  0.91MNKS Monks Investment TrustPairCorr
  0.9HSBK Halyk BankPairCorr
  0.880HW4 Charter CommunicationsPairCorr
  0.88HSBA HSBC Holdings PLCPairCorr
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  0.83GAW Games Workshop GroupPairCorr
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  0.69EZJ EasyJet PLCPairCorr
  0.640JSC Bath Body WorksPairCorr
  0.62RR Rolls Royce HoldingsPairCorr

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   
HVT
+ 0.84
LSC
LSC
+ 0.79
MUL
HVT
+ 0.73
0RJ4
LSC
+ 0.68
0RJ4
HVT
+ 0.67
MUL
MUL
+ 0.65
0RJ4
  
High negative correlations   
HVT
- 0.66
STK
STK
- 0.57
LSC
STK
- 0.55
0RJ4
STK
- 0.4
MUL
TRD
- 0.4
0RJ4
STK
- 0.31
TRD

Risk-Adjusted Indicators

There is a big difference between AES Stock performing well and AES Corp 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 Corp'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in AES Corp 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 Corp Corporate Management

Elected by the shareholders, the AES Corp's board of directors comprises two types of representatives: AES Corp 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 Corp's management team and ensure that shareholders' interests are well served. AES Corp'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 Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.
Chris SheltonChief VPProfile
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Joel AbramsonSenior AcquisitionsProfile
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