|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.
Allowing for the 30-days total investment horizon, Suncor Energy Inc is expected to under-perform the Exxon. In addition to that, Suncor Energy is 1.51 times more volatile than Exxon Mobil Corporation. It trades about -0.06 of its total potential returns per unit of risk. Exxon Mobil Corporation is currently generating about 0.11 per unit of volatility. If you would invest 7,520 in Exxon Mobil Corporation on January 12, 2016 and sell it today you would earn a total of 415.00 from holding Exxon Mobil Corporation or generate 5.52% return on investment over 30 days.
Historical Performance Chart
Pair trading matchups for Suncor Energy
Pair trading matchups for Exxon