Sunoco LP Correlations

SUN Stock

USD 52.92 2.54 5.04%

The current 90-days correlation between Sunoco LP and Delek Energy is 0.24 (i.e., Modest 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

Poor diversification

The correlation between Sunoco LP and DJI is 0.65 (i.e., Poor 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.

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

0.75	IEP	Icahn Enterprises	Pair Corr
0.78	PSX	Phillips 66	Pair Corr
0.69	SGU	Star Gas Partners	Pair Corr
0.76	CAPL	Crossamerica Partners	Pair Corr
0.66	E	Eni SpA ADR	Pair Corr
0.66	AM	Antero Midstream Partners	Pair Corr
0.73	BP	BP PLC ADR	Pair Corr
0.85	EC	Ecopetrol SA ADR	Pair Corr

Moving against Sunoco Stock

0.73	PTLE	PTL LTD Ordinary	Pair Corr
0.66	AMTX	Aemetis Buyout Trend	Pair Corr
0.41	PARR	Par Pacific Holdings Buyout Trend	Pair Corr
0.44	EU	enCore Energy Corp	Pair Corr
0.41	HP	Helmerich and Payne	Pair Corr
0.37	NE	Noble plc	Pair Corr
0.33	SM	SM Energy	Pair Corr
0.58	DLNG	Dynagas LNG Partners	Pair Corr
0.53	VIVK	Vivakor	Pair Corr
0.53	EONR	EON Resources Symbol Change	Pair Corr
0.42	EFXT	Enerflex	Pair Corr

Related Correlations Analysis

	DK	CAPL	CVI	PSX	VLO	MPC	DINO	PBF	DKL	SGU
DK		-0.42	0.54	0.23	0.7	0.71	0.84	0.89	0.52	-0.66	DK
CAPL	-0.42		0.06	0.55	0.04	0.01	-0.27	-0.61	0.32	0.76	CAPL
CVI	0.54	0.06		0.44	0.74	0.69	0.58	0.45	0.65	-0.2	CVI
PSX	0.23	0.55	0.44		0.56	0.59	0.41	0.02	0.49	0.38	PSX
VLO	0.7	0.04	0.74	0.56		0.94	0.87	0.67	0.66	-0.25	VLO
MPC	0.71	0.01	0.69	0.59	0.94		0.92	0.6	0.57	-0.18	MPC
DINO	0.84	-0.27	0.58	0.41	0.87	0.92		0.8	0.45	-0.46	DINO
PBF	0.89	-0.61	0.45	0.02	0.67	0.6	0.8		0.37	-0.83	PBF
DKL	0.52	0.32	0.65	0.49	0.66	0.57	0.45	0.37		-0.14	DKL
SGU	-0.66	0.76	-0.2	0.38	-0.25	-0.18	-0.46	-0.83	-0.14		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

MPC	+ 0.94	VLO
DINO	+ 0.92	MPC
PBF	+ 0.89	DK
DINO	+ 0.87	VLO
DINO	+ 0.84	DK
PBF	+ 0.8	DINO

High negative correlations

SGU	- 0.83	PBF
SGU	- 0.66	DK
PBF	- 0.61	CAPL
SGU	- 0.46	DINO
CAPL	- 0.42	DK
DINO	- 0.27	CAPL

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	2.85	(0.58)	0.00	(1.48)	0.00	0.00	4.84	(6.85)	24.53
CAPL	0.95	0.10	0.06	0.11	2.15	(0.85)	1.84	(1.96)	12.30
CVI	2.71	0.04	0.00	(0.04)	0.00	0.00	7.41	(4.40)	17.78
PSX	1.78	(0.25)	0.00	(0.86)	0.00	0.00	3.44	(3.62)	18.49
VLO	2.15	0.05	0.00	(0.04)	0.00	0.00	4.16	(4.45)	19.47
MPC	2.03	0.02	0.00	(0.06)	0.00	0.00	3.55	(3.92)	19.80
DINO	2.25	(0.14)	0.00	(0.17)	0.00	0.00	3.96	(5.95)	19.66
PBF	3.12	(0.52)	0.00	(0.37)	0.00	0.00	5.44	(7.37)	24.08
DKL	1.22	(0.07)	0.00	(0.20)	0.00	0.00	2.33	(2.50)	10.61
SGU	1.17	0.20	0.21	(1.65)	1.03	(1.50)	2.46	(2.29)	8.71

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