Macroaxis: Personalized Investing

Personalized Investing and

Digital Wealth Optimization

Benchmark  United States  NYSE  11,140   90.62  0.82% 


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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   
Benchmark  Embed   Timeline 
Allowing for the 30-days total investment horizon, Suncor is expected to generate 1.12 times less return on investment than Exxon. In addition to that, Suncor is 1.64 times more volatile than Exxon Mobil Corporation. It trades about 0.16 of its total potential returns per unit of risk. Exxon Mobil Corporation is currently generating about 0.28 per unit of volatility. If you would invest  8,513  in Exxon Mobil Corporation on April 3, 2015 and sell it today you would earn a total of  372.00  from holding Exxon Mobil Corporation or generate 4.37% return on investment over 30 days.

Correlation Coefficient

0.43

Parameters

Time Period1 Month [change]
DirectionPositive XOM Moved Up vs SU
StrengthWeak
Accuracy100.0%
ValuesDaily Returns

Diversification

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

Historical Performance Chart

Comparative Volatility

Predicted Return Density  
Benchmark  Embed   Returns 

Suncor Energy

  
Compared to the overall equity markets, risk-adjusted returns on investments in Suncor Energy Inc are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for Suncor

ConocoPhillips vs. Suncor Energy Inc
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Canadian Natural Resources Limited vs. Suncor Energy Inc
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Pioneer Natural Resources Co vs. Suncor Energy Inc
Apache Corp vs. Suncor Energy Inc
  

Exxon Mobil

  
Compared to the overall equity markets, risk-adjusted returns on investments in Exxon Mobil Corporation are ranked lower than 18 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for Exxon

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Statoil ASA vs. Exxon Mobil Corporation
Ecopetrol SA vs. Exxon Mobil Corporation