Exxon Correlations

XOM Stock

USD 108.54 0.49 0.45%

The current 90-days correlation between Exxon Mobil Corp and BP PLC ADR is 0.17 (i.e., Average 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 0.15 (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 persons.

Moving together with Exxon Stock

0.75	E	Eni SpA ADR Earnings Call Tomorrow	Pair Corr
0.75	BP	BP PLC ADR	Pair Corr
0.68	EC	Ecopetrol SA ADR	Pair Corr
0.79	SU	Suncor Energy Earnings Call Today	Pair Corr
0.74	EQNR	Equinor ASA ADR	Pair Corr
0.69	CVE	Cenovus Energy Earnings Call This Week	Pair Corr
0.88	CVX	Chevron Corp	Pair Corr
0.75	IMO	Imperial Oil	Pair Corr
0.84	PBR	Petroleo Brasileiro	Pair Corr
0.83	TTE	TotalEnergies SE ADR Earnings Call Tomorrow	Pair Corr
0.78	SHEL	Shell PLC ADR	Pair Corr
0.69	DINO	HF Sinclair Corp	Pair Corr
0.64	DK	Delek Energy	Pair Corr
0.66	NE	Noble plc	Pair Corr
0.73	PR	Permian Resources	Pair Corr
0.7	SD	SandRidge Energy	Pair Corr
0.81	SM	SM Energy	Pair Corr
0.76	TS	Tenaris SA ADR Earnings Call This Week	Pair Corr

Moving against Exxon Stock

0.67	SKYQ	Sky Quarry	Pair Corr
0.49	SLNG	Stabilis Solutions	Pair Corr
0.56	LB	LandBridge Company	Pair Corr
0.53	NEHC	New Era Helium	Pair Corr
0.45	HPKEW	HighPeak Energy	Pair Corr
0.34	VNOM	Viper Energy Ut	Pair Corr

Related Correlations Analysis

	BP	SHEL	PBR	SU	EQNR	CVE	IMO	PBR-A
BP		0.88	0.87	0.9	0.86	0.92	0.94	0.83	BP
SHEL	0.88		0.88	0.92	0.91	0.9	0.94	0.9	SHEL
PBR	0.87	0.88		0.88	0.88	0.88	0.92	0.95	PBR
SU	0.9	0.92	0.88		0.95	0.86	0.93	0.83	SU
EQNR	0.86	0.91	0.88	0.95		0.87	0.89	0.83	EQNR
CVE	0.92	0.9	0.88	0.86	0.87		0.91	0.88	CVE
IMO	0.94	0.94	0.92	0.93	0.89	0.91		0.88	IMO
PBR-A	0.83	0.9	0.95	0.83	0.83	0.88	0.88		PBR-A
	BP	SHEL	PBR	SU	EQNR	CVE	IMO	PBR-A

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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	1.31	0.27	0.07	4.74	1.32	(1.45)	3.37	(2.20)	7.14
SHEL	0.90	0.16	0.00	1.74	0.95	(1.00)	2.06	(1.66)	5.76
PBR	1.27	0.21	0.02	(1.78)	1.30	(1.43)	2.91	(2.36)	7.10
SU	1.15	0.24	0.06	4.39	1.13	(1.29)	2.62	(2.41)	7.72
EQNR	1.36	0.19	0.01	(4.21)	1.59	(1.50)	2.78	(2.66)	10.21
CVE	1.69	0.35	0.10	9.48	1.64	(2.05)	3.81	(2.92)	13.36
IMO	1.13	0.45	0.23	8.28	0.82	(1.32)	2.46	(1.57)	7.73
PBR-A	1.32	0.14	0.00	0.94	1.46	(1.41)	2.86	(2.36)	7.34

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