Exxon Correlations

XOM Stock

USD 115.50 0.40 0.35%

The current 90-days correlation between Exxon Mobil Corp and Aquagold International is 0.07 (i.e., Significant 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

Modest diversification

The correlation between Exxon Mobil Corp and DJI is 0.29 (i.e., Modest 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

0.85	E	Eni SpA ADR	Pair Corr
0.73	BP	BP PLC ADR	Pair Corr
0.64	EC	Ecopetrol SA ADR	Pair Corr
0.89	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.71	IMO	Imperial Oil	Pair Corr
0.67	NFG	National Fuel Gas	Pair Corr
0.73	TTE	TotalEnergies SE ADR	Pair Corr
0.83	SHEL	Shell PLC ADR	Pair Corr
0.7	AM	Antero Midstream Partners	Pair Corr

Moving against Exxon Stock

0.43	VIVK	Vivakor	Pair Corr
0.42	YPF	YPF Sociedad Anonima	Pair Corr
0.42	SKYQ	Sky Quarry	Pair Corr
0.34	TGS	Transportadora de Gas	Pair Corr
0.48	DLNG	Dynagas LNG Partners	Pair Corr
0.41	EFXT	Enerflex	Pair Corr
0.35	WFRD	Weatherford International	Pair Corr

Related Correlations Analysis

	AQUI	LBHIX	MSTSX	RRTLX	OSHDF	70082LAB3	SITKF	RWAYL	SEGI
AQUI		-0.2	0.7	0.19	-1.0	0.24	0.05	-0.27	0.67	AQUI
LBHIX	-0.2		0.28	0.7	0.17	-0.35	0.2	0.81	-0.54	LBHIX
MSTSX	0.7	0.28		0.65	-0.72	-0.01	0.2	0.19	0.25	MSTSX
RRTLX	0.19	0.7	0.65		-0.21	-0.19	0.06	0.5	-0.24	RRTLX
OSHDF	-1.0	0.17	-0.72	-0.21		-0.2	-0.09	0.21	-0.65	OSHDF
70082LAB3	0.24	-0.35	-0.01	-0.19	-0.2		-0.57	-0.58	0.46	70082LAB3
SITKF	0.05	0.2	0.2	0.06	-0.09	-0.57		0.49	-0.19	SITKF
RWAYL	-0.27	0.81	0.19	0.5	0.21	-0.58	0.49		-0.65	RWAYL
SEGI	0.67	-0.54	0.25	-0.24	-0.65	0.46	-0.19	-0.65		SEGI
	AQUI	LBHIX	MSTSX	RRTLX	OSHDF	70082LAB3	SITKF	RWAYL	SEGI

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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

RWAYL	+ 0.81	LBHIX
MSTSX	+ 0.7	AQUI
RRTLX	+ 0.7	LBHIX
SEGI	+ 0.67	AQUI
RRTLX	+ 0.65	MSTSX
RWAYL	+ 0.5	RRTLX

High negative correlations

OSHDF	- 1.0	AQUI
OSHDF	- 0.72	MSTSX
SEGI	- 0.65	RWAYL
SEGI	- 0.65	OSHDF
RWAYL	- 0.58	70082LAB3
SITKF	- 0.57	70082LAB3

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
AQUI	4.21	(2.36)	0.00	0.88	0.00	0.00	0.00	0.00	93.33
LBHIX	0.15	0.00	0.23	0.24	0.15	(0.29)	0.24	(0.24)	1.20
MSTSX	0.68	(0.14)	0.00	0.48	0.00	0.00	1.31	(1.47)	5.76
RRTLX	0.31	0.00	0.00	(0.08)	0.00	0.00	0.57	(0.57)	1.65
OSHDF	7.76	4.38	0.00	0.62	0.00	0.00	0.00	0.00	260.00
70082LAB3	1.04	(0.07)	0.00	0.14	0.00	0.00	0.89	(1.19)	19.29
SITKF	3.68	0.49	0.10	(1.00)	3.84	(6.32)	8.33	(5.26)	25.79
RWAYL	0.16	0.02	0.29	(1.19)	0.19	(0.18)	0.49	(0.36)	1.24
SEGI	9.45	(0.92)	0.00	0.31	0.00	0.00	16.67	(25.00)	70.83

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