|Investment Horizon||30 Days Login to change|
This module allows you to analyze existing cross correlation between Suncor Energy Inc and Exxon Mobil Corporation. You can compare the effects of market volatilities on Suncor Energy and Exxon and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Suncor Energy with a short position of Exxon. Please also check ongoing floating volatility patterns of Suncor Energy and Exxon.Suncor Energy Inc. vs Exxon Mobil Corp.
|Daily Returns (%)|
Allowing for the 30-days total investment horizon, Suncor Energy Inc is expected to under-perform the Exxon. But the stock apears to be less risky and, when comparing its historical volatility, Suncor Energy Inc is 1.04 times less risky than Exxon. The stock trades about -0.28 of its potential returns per unit of risk. The Exxon Mobil Corporation is currently generating about -0.15 of returns per unit of risk over similar time horizon. If you would invest 8,528 in Exxon Mobil Corporation on October 31, 2015 and sell it today you would lose (405.00) from holding Exxon Mobil Corporation or give up 4.75% of portfolio value over 30 days.
Historical Performance Chart
Predicted Return Density
Pair trading matchups for Suncor Energy
Pair trading matchups for Exxon