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Benchmark  United States  NYSE  10,582   17.131 Index Moved Down -0.16%  


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Correlation analysis between Suncor and Hess

 
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Investment horizon:  
  30 Days    Login   to change
  
This module allows you to analyze existing cross correlation between Suncor Energy Inc and Hess Corporation. You can compare the effects of market volatilities on Suncor and Hess and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. Please also check ongoing floating volatility patterns of Suncor and Hess.
 
 Suncor Energy Inc.  vs   Hess Corp.
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Daily Returns (%)
SU   HES   
 
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Allowing for 30-days total investment horizon, Suncor Energy Inc is expected to generate 1.13 times more return on investment than Hess. However, Suncor is 1.13 times more volatile than Hess Corporation. It trades about 0.47 of its potential returns per unit of risk. Hess Corporation is currently generating about 0.4 per unit of risk. If you would invest  3,307  in Suncor Energy Inc on March 24, 2014 and sell it today you would earn a total of  351.00  from holding Suncor Energy Inc or generate 10.61% return on investment over 30 days.

Diversification

Very weak diversification
Overlapping area represents amount of risk that can be diversified away by holding Suncor Energy Inc. and Hess Corp. in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.47
Parameters
Time Period1 Month [change]
DirectionPositive HES Moved Up vs SU
StrengthWeak
Accuracy95.24%
ValuesDaily Returns
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Predicted Return Density
 
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Returns:   
SU   HES   

Suncor Energy Inc

 
    
Compared with the overall equity markets, risk-adjusted returns on investments in Suncor Energy Inc are ranked lower than 25 (%) of all global equities and portfolios over the last 30 days.
    

Match-ups for Suncor

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Hess Corporation vs. Suncor Energy Inc
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Hess Corporation

 
    
Compared with the overall equity markets, risk-adjusted returns on investments in Hess Corporation are ranked lower than 21 (%) of all global equities and portfolios over the last 30 days.
    

Match-ups for Hess

ConocoPhillips vs. Hess Corporation
Occidental Petroleum Corporation vs. Hess Corporation
Enterprise Products Partners LP vs. Hess Corporation
EOG Resources Inc vs. Hess Corporation
Suncor Energy Inc vs. Hess Corporation
Anadarko Petroleum Corporation vs. Hess Corporation
Canadian Natural Resources Limited vs. Hess Corporation
Apache Corp vs. Hess Corporation
Devon Energy Corporation vs. Hess Corporation
Pioneer Natural Resources Co vs. Hess Corporation