Macroaxis: Personalized Investing
Personalized Investing and
Digital Wealth Optimization

Benchmark  United States  NYSE  11,048   18.542 Index Moved Up 0.17%  

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 generate 2.39 times more return on investment than Exxon. However, Suncor is 2.39 times more volatile than Exxon Mobil Corporation. It trades about 0.01 of its potential returns per unit of risk. Exxon Mobil Corporation is currently generating about 0.0 per unit of risk. If you would invest  3,471  in Suncor Energy Inc on October 29, 2014 and sell it today you would earn a total of  6.00  from holding Suncor Energy Inc or generate 0.17% return on investment over 30 days.

Correlation Coefficient

Time Period1 Month [change]
DirectionPositive XOM Moved Up vs SU
ValuesDaily Returns


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
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

Federal National Mortgage Association vs. Suncor Energy Inc
FED NATL MTG PFD I vs. Suncor Energy Inc
Japan Tobacco Inc vs. Suncor Energy Inc
SK Innovation vs. Suncor Energy Inc
AP M vs. Suncor Energy Inc
Citigroup Inc vs. Suncor Energy Inc
Industrial and Commercial Bank of China Limited vs. Suncor Energy Inc
SGS SA vs. Suncor Energy Inc
Huntington Bancshares Incorporated vs. Suncor Energy Inc

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

Royal Dutch Shell plc vs. Exxon Mobil Corporation
PetroChina Co Ltd vs. Exxon Mobil Corporation
Chevron Corporation vs. Exxon Mobil Corporation
Petr vs. Exxon Mobil Corporation
BP plc vs. Exxon Mobil Corporation
China Petroleum Chemical Corp vs. Exxon Mobil Corporation
Eni SpA vs. Exxon Mobil Corporation
Statoil ASA vs. Exxon Mobil Corporation
Ecopetrol SA vs. Exxon Mobil Corporation



Risk Adjusted Returns Landscape
Live Efficient Frontier
Market Correlation Analysis
Watchlist Analysis
Financial Content
Portfolio Estimation and Projections
Portfolio Theme Builder

Research Modules

Equities Backtesting Analysis
Instant Retirement Optimizer
Cross-portfolio RSS and Mobile Access
Company, fund, and ETF Directory
Financial Advisor Directory
Insider and Manager Directory
Wealth Management

Services And Technology

Frequently Asked Questions
Quick Product Tour
Product Technology Overview
Solution Methodology
Plans and Pricing

Free Investor Tools

World Market Correlations
Instant Equity Comparator
Watchlist Analysis
Position Suggestions
Equity Alpha Analysis

About Us

About Macroaxis
Contact Us
Product Terms Of Use
Service Privacy Policy
Advertising Opportunities