This module allows you to analyze existing cross correlation between Suncor Energy 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. See also your portfolio center. Please also check ongoing floating volatility patterns of Suncor Energy and Exxon.
|Time Horizon||30 Days Login to change|
Suncor Energy Inc vs. Exxon Mobil Corp.
Allowing for the 30-days total investment horizon, Suncor Energy is expected to under-perform the Exxon. In addition to that, Suncor Energy is 1.2 times more volatile than Exxon Mobil Corporation. It trades about -0.12 of its total potential returns per unit of risk. Exxon Mobil Corporation is currently generating about -0.06 per unit of volatility. If you would invest 8,228 in Exxon Mobil Corporation on May 21, 2018 and sell it today you would lose (158.00) from holding Exxon Mobil Corporation or give up 1.92% of portfolio value over 30 days.