Sunoco LP Correlations

SUN Stock

USD 53.34 1.34 2.58%

The current 90-days correlation between Sunoco LP and Delek Energy is 0.06 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sunoco LP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sunoco LP moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Sunoco LP Correlation With Market

Modest diversification

The correlation between Sunoco LP and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sunoco LP and DJI in the same portfolio, assuming nothing else is changed.

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sunoco LP. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

To learn how to invest in Sunoco Stock, please use our How to Invest in Sunoco LP guide.

Moving together with Sunoco Stock

0.71	SGU	Star Gas Partners	Pair Corr
0.74	PTLE	PTL LTD Ordinary	Pair Corr
0.79	CAPL	Crossamerica Partners	Pair Corr

Moving against Sunoco Stock

0.71	DK	Delek Energy	Pair Corr
0.71	DKL	Delek Logistics Partners	Pair Corr
0.7	CVI	CVR Energy	Pair Corr
0.7	PARR	Par Pacific Holdings	Pair Corr
0.69	DINO	HF Sinclair Corp	Pair Corr
0.64	WKC	World Kinect Earnings Call This Week	Pair Corr
0.63	VVV	Valvoline	Pair Corr
0.62	MPC	Marathon Petroleum Corp	Pair Corr
0.62	VLO	Valero Energy Earnings Call This Week	Pair Corr
0.56	PBF	PBF Energy	Pair Corr
0.54	PSX	Phillips 66	Pair Corr
0.74	NE	Noble plc	Pair Corr
0.73	EU	enCore Energy Corp	Pair Corr
0.69	E	Eni SpA ADR Earnings Call This Week	Pair Corr
0.66	AMTX	Aemetis	Pair Corr
0.61	BP	BP PLC ADR	Pair Corr
0.55	NC	NACCO Industries	Pair Corr
0.53	CLNE	Clean Energy Fuels	Pair Corr
0.52	EC	Ecopetrol SA ADR	Pair Corr
0.51	EP	Empire Petroleum Corp	Pair Corr
0.38	AR	Antero Resources Corp	Pair Corr
0.31	EE	Excelerate Energy	Pair Corr
0.75	EFXT	Enerflex	Pair Corr
0.69	TS	Tenaris SA ADR	Pair Corr
0.67	SU	Suncor Energy Earnings Call This Week	Pair Corr
0.67	TK	Teekay	Pair Corr
0.66	VTOL	Bristow Group	Pair Corr
0.64	SD	SandRidge Energy	Pair Corr

Related Correlations Analysis

	DK	CAPL	CVI	PSX	VLO	MPC	DINO	PBF	DKL	SGU
DK		-0.79	0.98	0.9	0.95	0.94	0.96	0.93	0.95	-0.78	DK
CAPL	-0.79		-0.8	-0.64	-0.73	-0.69	-0.79	-0.67	-0.69	0.73	CAPL
CVI	0.98	-0.8		0.94	0.97	0.96	0.98	0.95	0.94	-0.77	CVI
PSX	0.9	-0.64	0.94		0.98	0.97	0.95	0.92	0.88	-0.7	PSX
VLO	0.95	-0.73	0.97	0.98		0.98	0.98	0.95	0.91	-0.74	VLO
MPC	0.94	-0.69	0.96	0.97	0.98		0.97	0.91	0.94	-0.76	MPC
DINO	0.96	-0.79	0.98	0.95	0.98	0.97		0.92	0.93	-0.81	DINO
PBF	0.93	-0.67	0.95	0.92	0.95	0.91	0.92		0.85	-0.62	PBF
DKL	0.95	-0.69	0.94	0.88	0.91	0.94	0.93	0.85		-0.81	DKL
SGU	-0.78	0.73	-0.77	-0.7	-0.74	-0.76	-0.81	-0.62	-0.81		SGU
	DK	CAPL	CVI	PSX	VLO	MPC	DINO	PBF	DKL	SGU

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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

CVI	+ 0.98	DK
DINO	+ 0.98	CVI
VLO	+ 0.98	PSX
MPC	+ 0.98	VLO
DINO	+ 0.98	VLO
VLO	+ 0.97	CVI

High negative correlations

SGU	- 0.81	DKL
SGU	- 0.81	DINO
CVI	- 0.8	CAPL
DINO	- 0.79	CAPL
CAPL	- 0.79	DK
SGU	- 0.78	DK

Risk-Adjusted Indicators

There is a big difference between Sunoco Stock performing well and Sunoco LP 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 Sunoco LP'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
DK	2.55	1.19	0.37	(2.29)	1.80	(3.13)	8.37	(3.86)	16.01
CAPL	1.13	(0.09)	0.00	(0.16)	0.00	0.00	2.58	(2.37)	7.11
CVI	2.30	0.97	0.35	(14.42)	1.94	(2.84)	5.21	(3.44)	21.23
PSX	1.57	0.28	0.12	0.40	1.80	(1.64)	3.57	(3.01)	14.54
VLO	1.56	0.35	0.18	0.57	1.40	(1.87)	3.54	(2.89)	9.91
MPC	1.24	0.44	0.25	0.85	0.94	(1.37)	2.97	(2.29)	7.90
DINO	1.56	0.66	0.37	1.60	1.00	(1.89)	3.98	(2.10)	7.72
PBF	3.03	0.84	0.17	(4.10)	3.57	(3.28)	7.00	(6.34)	18.65
DKL	1.15	0.38	0.15	(2.40)	1.09	(1.28)	2.60	(2.19)	7.71
SGU	0.90	(0.16)	0.00	(0.40)	0.00	0.00	1.97	(1.95)	5.53

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