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Benchmark  United States  NYSE  11,032   7.752 Index Moved Up 0.07%  


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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   
 
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Allowing for the 30-days total investment horizon, Suncor Energy Inc is expected to generate 1.57 times more return on investment than Exxon. However, Suncor is 1.57 times more volatile than Exxon Mobil Corporation. It trades about 0.1 of its potential returns per unit of risk. Exxon Mobil Corporation is currently generating about 0.1 per unit of risk. If you would invest  4,152  in Suncor Energy Inc on June 24, 2014 and sell it today you would earn a total of  91.00  from holding Suncor Energy Inc or generate 2.19% return on investment over 30 days.

Diversification

Poor 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

0.6
Parameters
Time Period1 Month [change]
DirectionPositive XOM Moved Up vs SU
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns
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Historical Performance Chart

Comparative Volatility

Predicted Return Density
 
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Returns:   
SU   XOM   

Suncor Energy

  
Compared with the overall equity markets, risk-adjusted returns on investments in Suncor Energy Inc are ranked lower than 5 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for Suncor

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Exxon Mobil

  
Compared with the overall equity markets, risk-adjusted returns on investments in Exxon Mobil Corporation are ranked lower than 5 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for Exxon

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