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Benchmark  United States  NYSE  10,692   34.267 Index Moved Down -0.32%  

Collecting data for SU and XOM ...

Correlation analysis between Suncor and Exxon

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 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 with a short position of Exxon. Please also check ongoing floating volatility patterns of Suncor and Exxon.
 Suncor Energy Inc.  vs   Exxon Mobil Corp.
Daily Returns (%)
SU   XOM   
Change Benchmark  Embed  Timeline 
Allowing for the 30-days total investment horizon, Suncor Energy Inc is expected to under-perform the Exxon. In addition to that, Suncor is 1.11 times more volatile than Exxon Mobil Corporation. It trades about -0.28 of its total potential returns per unit of risk. Exxon Mobil Corporation is currently generating about -0.14 per unit of volatility. If you would invest  10,259  in Exxon Mobil Corporation on July 3, 2014 and sell it today you would lose (379.00) from holding Exxon Mobil Corporation or give up 3.69% of portfolio value over 30 days.


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

Correlation Coefficient

Time Period1 Month [change]
DirectionPositive XOM Moved Up vs SU
ValuesDaily Returns
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Historical Performance Chart

Comparative Volatility

Predicted Return Density
SU   XOM   

Suncor Energy

Over the last 30 days Suncor Energy Inc has generated negative risk-adjusted returns adding no value to investors with long positions.

Pair trading matchups for Suncor

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Devon Energy Corporation vs. Suncor Energy Inc

Exxon Mobil

Over the last 30 days Exxon Mobil Corporation has generated negative risk-adjusted returns adding no value to investors with long positions.

Pair trading matchups for Exxon

Chevron Corporation vs. Exxon Mobil Corporation
Total SA vs. Exxon Mobil Corporation

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