Arthur J. Gallagher & Co. (AJG) Correlation Distribution
Across 6,809 rolling correlation observations between Arthur J. Gallagher & Co. (AJG) and other NASDAQ-listed stocks, 37% are positive and 63% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.152, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 16.5% and strong negative correlations (≤−0.7) for 24%.
- Total observations
- 6,809
- Mean correlation
- -0.152
- Most common range
- -0.9 to -0.8
- Positive pairs
- 37%
- Strong positive (≥0.7)
- 16.5%
- Sector
- Insurance Agents, Brokers & Service
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 61 | 0.9% | |
| -0.9 to -0.8 | 787 | 11.6% | |
| -0.8 to -0.7 | 787 | 11.6% | |
| -0.7 to -0.6 | 703 | 10.3% | |
| -0.6 to -0.5 | 702 | 10.3% | |
| -0.5 to -0.4 | 305 | 4.5% | |
| -0.4 to -0.3 | 305 | 4.5% | |
| -0.3 to -0.2 | 225 | 3.3% | |
| -0.2 to -0.1 | 225 | 3.3% | |
| -0.1 to 0.0 | 189 | 2.8% | |
| 0.0 to 0.1 | 189 | 2.8% | |
| 0.1 to 0.2 | 184 | 2.7% | |
| 0.2 to 0.3 | 183 | 2.7% | |
| 0.3 to 0.4 | 182 | 2.7% | |
| 0.4 to 0.5 | 182 | 2.7% | |
| 0.5 to 0.6 | 238 | 3.5% | |
| 0.6 to 0.7 | 237 | 3.5% | |
| 0.7 to 0.8 | 375 | 5.5% | |
| 0.8 to 0.9 | 374 | 5.5% | |
| 0.9 to 1.0 | 376 | 5.5% |
Frequently asked questions
What is the average correlation of AJG?
Arthur J. Gallagher & Co. (AJG) has an average correlation of about -0.152 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is AJG positively correlated with other stocks?
Not predominantly — 37% of pairs are positive and 63% are negative. Strong positive correlations (≥0.7) make up 16.5%.
What is the most common correlation range for AJG?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 17.6% of all pairs.
Explore the full interactive correlation distribution for AJG.
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