Exxon Correlations

XOM Stock

USD 109.73 1.54 1.38%

The current 90-days correlation between Exxon Mobil Corp and Shell PLC ADR is 0.65 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Exxon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Exxon Mobil Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Exxon Correlation With Market

Weak diversification

The correlation between Exxon Mobil Corp and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Exxon Mobil Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Exxon Mobil Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Exxon Stock

0.66	SU	Suncor Energy	Pair Corr
0.63	VIVK	Vivakor	Pair Corr
0.71	CVE	Cenovus Energy	Pair Corr
0.78	CVX	Chevron Corp	Pair Corr
0.86	IMO	Imperial Oil	Pair Corr
0.95	DINO	HF Sinclair Corp	Pair Corr
0.64	PR	Permian Resources	Pair Corr
0.66	SM	SM Energy	Pair Corr

Moving against Exxon Stock

0.82	AE	Adams Resources Energy	Pair Corr
0.63	SKYQ	Sky Quarry	Pair Corr
0.52	YPF	YPF Sociedad Anonima Earnings Call This Week	Pair Corr
0.44	SLNG	Stabilis Solutions Earnings Call This Week	Pair Corr
0.4	EP	Empire Petroleum Corp	Pair Corr
0.46	EFXT	Enerflex	Pair Corr
0.41	DLNG	Dynagas LNG Partners	Pair Corr
0.34	EPSN	Epsilon Energy	Pair Corr
0.33	ET	Energy Transfer LP Sell-off Trend	Pair Corr
0.31	VIST	Vista Oil Gas	Pair Corr

Related Correlations Analysis

	SHEL	BP	SU	PBR	CVX	TTE	EQNR	PBR-A	EC	YPF
SHEL		0.8	0.85	0.89	0.63	0.91	0.46	0.56	0.78	-0.48	SHEL
BP	0.8		0.5	0.83	0.22	0.76	0.18	0.26	0.91	-0.32	BP
SU	0.85	0.5		0.66	0.81	0.83	0.55	0.63	0.47	-0.5	SU
PBR	0.89	0.83	0.66		0.49	0.84	0.27	0.56	0.88	-0.42	PBR
CVX	0.63	0.22	0.81	0.49		0.64	0.27	0.75	0.29	-0.47	CVX
TTE	0.91	0.76	0.83	0.84	0.64		0.23	0.59	0.79	-0.64	TTE
EQNR	0.46	0.18	0.55	0.27	0.27	0.23		0.0	0.04	0.21	EQNR
PBR-A	0.56	0.26	0.63	0.56	0.75	0.59	0.0		0.44	-0.71	PBR-A
EC	0.78	0.91	0.47	0.88	0.29	0.79	0.04	0.44		-0.44	EC
YPF	-0.48	-0.32	-0.5	-0.42	-0.47	-0.64	0.21	-0.71	-0.44		YPF
	SHEL	BP	SU	PBR	CVX	TTE	EQNR	PBR-A	EC	YPF

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

TTE	+ 0.91	SHEL
EC	+ 0.91	BP
PBR	+ 0.89	SHEL
EC	+ 0.88	PBR
SU	+ 0.85	SHEL
TTE	+ 0.84	PBR

High negative correlations

YPF	- 0.71	PBR-A
YPF	- 0.64	TTE
YPF	- 0.5	SU
YPF	- 0.48	SHEL
YPF	- 0.47	CVX
YPF	- 0.44	EC

Risk-Adjusted Indicators

There is a big difference between Exxon Stock performing well and Exxon Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Exxon's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SHEL	0.89	0.02	0.02	0.06	1.09	(0.87)	2.23	(1.91)	5.34
BP	1.07	0.21	0.16	1.74	1.05	(1.18)	2.50	(1.88)	8.85
SU	1.11	(0.07)	0.00	(0.16)	0.00	0.00	2.01	(2.59)	6.50
PBR	1.23	0.11	0.07	2.78	1.51	(1.28)	2.95	(2.36)	10.24
CVX	0.97	(0.01)	(0.01)	(0.01)	1.56	(0.87)	1.59	(2.56)	6.46
TTE	0.90	0.01	0.01	0.10	1.17	(0.93)	1.87	(1.69)	4.62
EQNR	1.61	(0.02)	0.00	(0.08)	0.00	0.00	3.68	(3.59)	9.90
PBR-A	1.31	(0.01)	(0.01)	(0.03)	1.88	(1.32)	2.35	(3.17)	9.33
EC	1.66	0.43	0.20	(26.59)	1.54	(1.92)	4.99	(3.28)	11.63
YPF	2.01	0.20	0.07	(3.66)	2.50	(2.05)	4.92	(3.92)	14.98

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