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Collecting data for XOM,PTR,CVX,SU,TOT,PZE,E,HES

An investor can reduce portfolio risk simply by holding instruments which are not perfectly correlated. In other words, investors can reduce their exposure to individual asset risk by holding a diversified portfolio of assets. Diversification will allow for the same portfolio return with reduced risk.

About correlation table

Correlation table is a two-dimensional matrix that shows correlation coefficient between pairs of securities. The cells in the table are color-coded to highlight significantly positive and negative relationships.

About correlation cloud

Correlation cloud is a flat representation of correlation coefficients between pairs of securities. The links in the cloud are color-coded to highlight significantly positive and negative relationships.

To create correlation table or cloud specify valid comma-separated symbols and hit Build It button.

Please note, the New York Stock Exchange (NYSE) and American Stock Exchange (AMEX) have recently merged. Although Macroaxis has implemented solutions to handle this transition gracefully, you may still find some securities that may not be fully transferred from one exchange to another.

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Correlation Analysis

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Specify valid comma-separated symbols | Check world markets correlations | Check portfolio equities correlations

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	XOM	PTR	CVX	SU	TOT	PZE	E	HES
XOM		0.71	0.84	0.72	0.69	0.33	0.84	0.85
PTR	0.71		0.51	0.65	0.57	0.15	0.84	0.84
CVX	0.84	0.51		0.61	0.73	0.34	0.75	0.63
SU	0.72	0.65	0.61		0.66	0.53	0.73	0.71
TOT	0.69	0.57	0.73	0.66		0.28	0.68	0.65
PZE	0.33	0.15	0.34	0.53	0.28		0.32	0.16
E	0.84	0.84	0.75	0.73	0.68	0.32		0.87
HES	0.85	0.84	0.63	0.71	0.65	0.16	0.87

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Correlation Matchups

High positive correlations

HES	+ 0.87	E
HES	+ 0.85	XOM
CVX	+ 0.84	XOM
E	+ 0.84	XOM
E	+ 0.84	PTR
HES	+ 0.84	PTR
E	+ 0.75	CVX
TOT	+ 0.73	CVX

Insignificant Correlation

PZE	+ 0.15	PTR
HES	+ 0.16	PZE
PZE	+ 0.28	TOT

High negative correlations

Not Found

Weakest Diversification

Strongest Diversification

Weakest Diversification

Assets performance indicators

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Information Ratio	Expected Shortfall	Potential Upside	Value At Risk	Maximum Drawdown
XOM	0.76	0.03	0.03	(0.06)	0.92	0.03	(0.89)	1.35	(1.26)	2.69	Backtest
PTR	1.32	(0.67)	(0.34)	(0.60)	2.56	(0.41)	(1.12)	1.20	(2.92)	5.11	Backtest
CVX	0.85	(0.07)	(0.05)	(0.16)	1.19	(0.06)	(0.79)	1.09	(1.22)	2.82	Backtest
SU	1.10	(0.16)	(0.10)	(0.24)	1.90	(0.13)	(0.82)	1.00	(2.31)	4.28	Backtest
TOT	0.76	0.10	0.07	0.03	1.38	0.11	(0.67)	1.52	(1.72)	3.73	Backtest
PZE	1.45	(0.54)	(0.24)	(0.92)	2.38	(0.28)	(1.58)	2.26	(2.88)	6.33	Backtest
E	1.09	(0.30)	(0.20)	(0.32)	1.94	(0.24)	(1.02)	1.73	(2.85)	4.97	Backtest
HES	1.12	(0.04)	(0.05)	(0.12)	1.46	(0.05)	(1.24)	2.05	(2.12)	4.23	Backtest

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