Imperial Oil Correlations

IMO Stock

USD 65.90 0.53 0.80%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Imperial Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Imperial Oil moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Imperial Oil Correlation With Market

Average diversification

The correlation between Imperial Oil and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Imperial Oil and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Imperial Oil. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

To learn how to invest in Imperial Stock, please use our How to Invest in Imperial Oil guide.

Moving together with Imperial Stock

0.8	SU	Suncor Energy	Pair Corr
0.84	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.61	HP	Helmerich and Payne	Pair Corr
0.76	SM	SM Energy	Pair Corr

Related Correlations Analysis

	AQUI	LBHIX	MSTSX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF	RWAYL	SEGI
AQUI		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
LBHIX	0.0		0.55	0.51	0.8	0.59	0.4	-0.16	0.64	0.16	LBHIX
MSTSX	0.0	0.55		-0.03	0.73	0.13	0.15	0.54	0.31	-0.03	MSTSX
VIASP	0.0	0.51	-0.03		0.35	0.88	0.72	-0.26	0.85	0.63	VIASP
RRTLX	0.0	0.8	0.73	0.35		0.47	0.21	0.01	0.53	-0.04	RRTLX
OSHDF	0.0	0.59	0.13	0.88	0.47		0.65	-0.22	0.9	0.5	OSHDF
70082LAB3	0.0	0.4	0.15	0.72	0.21	0.65		0.14	0.8	0.9	70082LAB3
SITKF	0.0	-0.16	0.54	-0.26	0.01	-0.22	0.14		0.01	0.16	SITKF
RWAYL	0.0	0.64	0.31	0.85	0.53	0.9	0.8	0.01		0.65	RWAYL
SEGI	0.0	0.16	-0.03	0.63	-0.04	0.5	0.9	0.16	0.65		SEGI
	AQUI	LBHIX	MSTSX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF	RWAYL	SEGI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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	+ 0.9	OSHDF
SEGI	+ 0.9	70082LAB3
OSHDF	+ 0.88	VIASP
RWAYL	+ 0.85	VIASP
RRTLX	+ 0.8	LBHIX
RWAYL	+ 0.8	70082LAB3

High negative correlations

SITKF	- 0.26	VIASP
SITKF	- 0.22	OSHDF
SITKF	- 0.16	LBHIX
SEGI	- 0.04	RRTLX
SEGI	- 0.03	MSTSX
VIASP	- 0.03	MSTSX

Risk-Adjusted Indicators

There is a big difference between Imperial Stock performing well and Imperial Oil 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 Imperial Oil'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	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LBHIX	0.10	0.00	(0.29)	0.08	0.00	(0.25)	0.24	(0.24)	0.71
MSTSX	0.45	0.04	(0.07)	1.56	0.43	(0.58)	1.21	(0.84)	2.80
VIASP	0.75	0.13	0.04	(2.07)	1.06	(0.84)	2.28	(1.20)	7.18
RRTLX	0.22	0.01	(0.22)	0.20	0.21	(0.25)	0.48	(0.47)	1.36
OSHDF	39.65	21.76	0.00	(0.92)	0.00	0.00	0.00	0.00	1,329
70082LAB3	0.66	0.08	0.00	1.35	0.95	(0.79)	1.75	(0.78)	6.86
SITKF	5.42	0.58	0.08	0.95	5.09	(8.09)	14.29	(9.09)	30.02
RWAYL	0.13	0.01	(0.29)	0.52	0.05	(0.17)	0.32	(0.20)	1.20
SEGI	10.26	2.38	0.14	(1.08)	10.47	(15.25)	28.57	(20.00)	62.86

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC