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Benchmark  United States  NYSE  10,890   58.62 Index Moved Up 0.54%  


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Collecting data for SU and XOM ...

Correlation analysis between Suncor and Exxon 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   
 
Change Benchmark  Embed   Timeline 
Allowing for the 30-days total investment horizon, Suncor Energy Inc is expected to under-perform the Exxon. In addition to that, Suncor is 1.97 times more volatile than Exxon Mobil Corporation. It trades about -0.14 of its total potential returns per unit of risk. Exxon Mobil Corporation is currently generating about -0.07 per unit of volatility. If you would invest  9,681  in Exxon Mobil Corporation on November 21, 2014 and sell it today you would lose (317.00) from holding Exxon Mobil Corporation or give up 3.27% of portfolio value over 30 days.

Correlation Coefficient

0.77
Parameters
Time Period1 Month [change]
DirectionPositive XOM Moved Up vs SU
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns

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
Investing ideals could easily outperform a given market if properly optimized
Get Exxon Mobil Corporation research report. Reports are available in pdf format. Click Exxon Report to view
  
Exxon Report  
Get Suncor Energy Inc research report. Reports are available in pdf format. Click Suncor Report to view
  
Suncor Report  

Historical Performance Chart

Comparative Volatility

Predicted Return Density
 
Change Benchmark  Embed   Returns 

Suncor Energy

  
Over the last 30 days Suncor Energy Inc has generated negative risk-adjusted returns adding no value to investors with long positions.

Pair trading matchups for Suncor

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Exxon Mobil

  
Over the last 30 days Exxon Mobil Corporation has generated negative risk-adjusted returns adding no value to investors with long positions.

Pair trading matchups for Exxon

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