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Benchmark  United States  NYSE  10,533   27.041 Index Moved Up 0.26%  


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Correlation analysis between Suncor and Exxon

 
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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. Please also check ongoing floating volatility patterns of Suncor and Exxon.
 
 Suncor Energy Inc.  vs   Exxon Mobil Corp.
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Daily Returns (%)
SU   XOM   
 
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Allowing for 30-days total investment horizon, Suncor Energy Inc is expected to generate 1.61 times more return on investment than Exxon. However, Suncor is 1.61 times more volatile than Exxon Mobil Corporation. It trades about 0.57 of its potential returns per unit of risk. Exxon Mobil Corporation is currently generating about 0.45 per unit of risk. If you would invest  3,256  in Suncor Energy Inc on March 20, 2014 and sell it today you would earn a total of  417.00  from holding Suncor Energy Inc or generate 12.81% return on investment over 30 days.

Diversification

Modest 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

0.22
Parameters
Time Period1 Month [change]
DirectionPositive XOM Moved Up vs SU
StrengthVery Weak
Accuracy95.24%
ValuesDaily Returns
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Predicted Return Density
 
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Returns:   
SU   XOM   

Suncor Energy Inc

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

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Exxon Mobil Corporation

 
    
Compared with the overall equity markets, risk-adjusted returns on investments in Exxon Mobil Corporation are ranked lower than 24 (%) of all global equities and portfolios over the last 30 days.
    

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