Exxon Correlations

XOM Stock

USD 116.54 0.87 0.74%

The current 90-days correlation between Exxon Mobil Corp and BP PLC ADR is 0.73 (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

Average diversification

The correlation between Exxon Mobil Corp and DJI is 0.12 (i.e., Average 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.

Build AI portfolio with Exxon Stock

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 metropolitan statistical area.

Moving together with Exxon Stock

0.89	E	Eni SpA ADR	Pair Corr
0.79	SU	Suncor Energy	Pair Corr
0.73	CVE	Cenovus Energy	Pair Corr
0.64	IMO	Imperial Oil	Pair Corr
0.64	EVT	Economic Investment Trust	Pair Corr
0.7	001286	Shaanxi Energy Investment	Pair Corr
0.73	OYSE	Oyster Enterprises	Pair Corr
0.82	FCBBF	FinecoBank Banca Fineco	Pair Corr
0.62	ORRF	Orrstown Financial	Pair Corr
0.75	BVFL	BV Financial, Common	Pair Corr
0.75	PACH	Pioneer Acquisition	Pair Corr

Moving against Exxon Stock

0.79	0A4Y	AIM ImmunoTech	Pair Corr
0.75	EPM	Eclipse Metals	Pair Corr
0.61	BISI	Bisichi Mining PLC	Pair Corr
0.52	WWR	Westwater Resources	Pair Corr
0.39	VO	ValOre Metals Corp	Pair Corr
0.34	600123	Shanxi Lanhua Sci	Pair Corr
0.52	ENRT	Enertopia Corporatio	Pair Corr
0.48	LTNC	Labor Smart	Pair Corr

Related Correlations Analysis

	BP	SHEL	PBR	TTE	PBR-A	EC	YPF
BP		0.69	0.62	0.79	0.7	0.91	0.8	BP
SHEL	0.69		0.21	0.54	0.24	0.59	0.62	SHEL
PBR	0.62	0.21		0.22	0.89	0.63	0.22	PBR
TTE	0.79	0.54	0.22		0.4	0.77	0.8	TTE
PBR-A	0.7	0.24	0.89	0.4		0.72	0.36	PBR-A
EC	0.91	0.59	0.63	0.77	0.72		0.83	EC
YPF	0.8	0.62	0.22	0.8	0.36	0.83		YPF
	BP	SHEL	PBR	TTE	PBR-A	EC	YPF

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
BP	1.12	0.01	(0.02)	0.10	1.49	(1.15)	2.12	(2.34)	7.71
SHEL	0.88	(0.03)	(0.06)	(0.02)	1.07	(0.94)	1.71	(2.00)	5.03
PBR	1.16	(0.16)	0.00	(0.45)	0.00	0.00	2.62	(3.01)	11.75
TTE	0.93	0.11	0.05	0.50	1.02	(1.03)	1.90	(2.08)	6.55
PBR-A	1.18	(0.11)	0.00	(0.16)	0.00	0.00	3.15	(2.94)	10.67
EC	1.51	0.00	(0.03)	0.07	1.75	(1.68)	3.53	(3.12)	7.69
YPF	2.74	0.35	0.11	0.56	2.70	(3.19)	8.65	(4.18)	28.08

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